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Home > Energy Week > Episode 49 - Qatar out of OPEC | Alberta has 35 million barrels of oil in storage | Oman a voice of reason within the OPEC+ group
Podcast: Energy Week
Episode:

Episode 49 - Qatar out of OPEC | Alberta has 35 million barrels of oil in storage | Oman a voice of reason within the OPEC+ group
Category: Government & Organizations
Duration: 00:36:48
Publish Date: 2018-12-04 16:06:15
Description: https://www.cnbc.com/2018/12/03/qatar-to-withdraw-from-opec-as-of-january-2019.html Could Qatar's decision signal more discontent among smaller oil producers towards the dominance of Saudi Arabia and its new partner, Russia? See: https://www.forbes.com/sites/ellenrwald/2018/12/03/is-qatars-opec-exodus-a-blow-to-saudi-arabias-dominance/#67a0372d7ca6 Could an all out production war be on the horizon again? Shale producers aren't in the same position, Saudi Arabia isn't in the same position either. Is is possible for oil to hit $70 by the end of the year? https://www.bloomberg.com/amp/news/articles/2018-12-01/putin-says-russia-and-saudi-arabia-to-extend-opec-oil-pact Why is Trump advocating for lower oil prices when it hurts the U.S. oil industry? This is a huge issue for shale oil producers, especially considering https://edition.cnn.com/2018/12/02/europe/france-fuel-protests-violence-intl/index.html CNN attributes this to rising wholesale oil prices but oil prices are actually going down. In fact it's fuel taxes. https://mobile.reuters.com/article/amp/idUSKBN1O203A Alberta has 35 million barrels of oil in storage Discount on Western Canada Select (WCS) heavy blend hit a record at $52.50 below the West Texas Intermediate (WTI) benchmark last month. Hopefully this won't make it more difficult to build a pipeline https://www.spglobal.com/platts/en/market-insights/latest-news/oil/120218-oman-sees-consensus-forming-on-opec-crude-output-cut-minister Oman - the champions of cutting. Emerging as voice of reason within the OPEC+ group
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