Tag - opec

 
 

OPEC

Japan Times
BUSINESS
Apr 26, 2018
Chevron evacuates foreign execs from Venezuela after staff arrests amid beef with state-owned oil firm
U.S. oil major Chevron Corp. has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.
Japan Times
BUSINESS
Feb 11, 2018
How soaring U.S. exports to China are transforming the global oil game
Bit by bit, the U.S. petroleum industry is turning world oil markets inside out.
Japan Times
BUSINESS / Markets
Feb 2, 2018
Big U.S. banks accept OPEC was right as they embrace oil near $80
Wall Street's biggest banks have changed sides and are embracing a surge in oil prices.
Japan Times
WORLD / Politics
Jul 19, 2017
Defying Trump's 'brutal interventionist' threat, Maduro to press ahead with Constituent Assembly
Venezuelan President Nicolas Maduro's government on Tuesday vowed to proceed with plans for a controversial new congress despite what it called a "brutal interventionist" threat of U.S. economic sanctions.
Japan Times
BUSINESS
Sep 12, 2016
Rival Libyan leader's forces seize key oil ports, casting doubt on output
Forces loyal to east Libyan commander Khalifa Haftar on Sunday seized at least two key oil ports from a rival force loyal to the U.N.-backed government, risking a new conflict over the OPEC nation's resources.
COMMENTARY / World
Jul 3, 2016
Why oil is still headed as low as $10 a barrel
The world is awash in crude, and the once-feared OPEC is pretty much finished as an effective price enforcer.
COMMENTARY / World
Apr 19, 2016
Saudi Arabia turns its oil weapon on Iran
For decades, Riyadh has insisted that it does not wield oil as a diplomatic weapon, but last weekend it did just that as part of an intensifying conflict with Iran.
Japan Times
COMMENTARY / World
Feb 21, 2016
Oil prices poised to remain low as Saudis 'blink'
Panic is mounting among the major oil producers over the prospect of a long period of very low oil prices.
Japan Times
COMMENTARY / World
Feb 9, 2016
The danger of oil dictators falling like dominos
This year promises to be interesting — and harrowing — if you happen to be a dictator clinging to power in an oil-exporting country.
COMMENTARY / World
Dec 31, 2015
Moving Saudi Arabia's economy beyond oil
Weaning Saudi Arabia's economy off oil will not be easy. But there are encouraging early signs about the government's focus, energy, and determination.
COMMENTARY / World
Jun 16, 2015
Oil is not inexorably fading from the world stage
The age of oil will endure for the forceable future.
COMMENTARY / World
Jun 9, 2015
OPEC decision reflects new oil market reality
OPEC's decision on Friday not to cut production was entirely predictable and the only practical option open to its members.
WORLD
Feb 2, 2015
Kidnapped Libyan oil official released, minister says
A kidnapped senior Libyan oil official has been released after more than two weeks of captivity, a senior official said on Sunday.
Japan Times
COMMENTARY / World
Jan 2, 2015
This round of low-cost oil differs from before
The world is experiencing much more than a temporary dip in oil prices. A change in the supply model marks a fundamental shift that will likely have long-lasting effects.
Japan Times
COMMENTARY / World
Dec 30, 2014
Oil prices and Saudi democracy
Saudi Arabia's top policymakers deny they have deliberately sought lower oil prices, and there are good reasons to doubt the kingdom is wielding the oil weapon as part of some grand geopolitical strategy.
Japan Times
BUSINESS / Economy
Dec 12, 2014
Oil extends slide below $60
Oil extended losses below $60 a barrel amid speculation that OPEC's biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009.
COMMENTARY / World
Dec 1, 2014
OPEC's other problem: weak demand for oil
Sluggish demand growth in response to the quadrupling of oil prices between 2002 and 2012 is at least as a big a challenge for OPEC as rising shale output.
COMMENTARY / World
Oct 17, 2014
Oil market is proving mightier than OPEC
The only sensible oil-pricing strategy for Saudi Arabia and OPEC — in light of U.S. shale output — is to focus on market share and allow prices to decline to the point at which they slow the growth in non-OPEC output and lessen the drive for energy efficiency.
COMMENTARY / World
Oct 14, 2014
Saudi Arabia's oil enigma
Saudi Arabia is sometimes likened to a central bank managing the global oil market, adding or withdrawing supplies to control prices. But that vastly overstates the degree of influence, let alone control, that the kingdom exercises over the market.

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