3 Items

An official watches progress at a rig at the al-Howta oil field near Howta, Saudi Arabia.

AP Images

Analysis & Opinions - Bloomberg Opinion

The Saudis Won't Let Oil Free-Fall

| December 3, 2014

With a few exceptions, the consensus emerging from last week’s inconclusive Organization of Petroleum Exporting Countries meeting is that if OPEC is not dead, it is at least in a coma.  This may be a reasonable judgment based on the group’s ability to take collective action on a production cut to bolster the price of oil in the short run. 

An oil pipeline through Iraq

thecollegeconservative.com

Analysis & Opinions - Bloomberg Opinion

Future of Oil Hangs on Iraqi Politics

| July 9, 2014

Fears that events in Iraq will send global oil prices soaring have abated. Yet, the crisis has potentially huge implications for oil. Under any conceivable outcome to the current situation, oil production from Iraq will fail to meet recent expectations. The reason for this dire prognosis is that politics – not security or logistics – will be the biggest determinant of Iraq’s oil trajectory in the years ahead.