Market Focus: Why there is no end in sight for the oil war
A temporary production reduction agreement under current conditions is not necessarily in the interest of all stakeholders in the global oil industry
This deal will not solve the huge oversupply that is currently still building-up
The oil war is not due to misunderstandings or ego plays but to the intrinsically different strategies and motives of the key players at hand.
For all these reasons, an OPEC ++ coalition cannot not be sustained over time and its impact on oil prices is likely to be marginal and disappointing.
Market Focus: OPEC+ Meeting in Vienna
Falling global oil demand in the wake of the coronavirus outbreak Global oil demand has been hit hard by the coronavirus outbreak which led to the shutdown of much of the Chinese economy in January and February and the subsequent impact on supply and demand in China and all around the world, as the epidemic […]
Macro focus Lebanon’s debt mechanics backfire (Interview)
Economist Alexandre Kateb explains how the state has had to go into debt over the last thirty years, via its central bank, to attract foreign capital. Since trust has been broken, the banking system has been beset by numerous requests to withdraw money.
Consultant and specialist in the Arab world, Alexandre Kateb is a lecturer at Sciences-Po.
The long view: What is Saudi Aramco really worth?
Saudi Aramco’s IPO was introduced as a central element of Vision 2030, the ambitious economic diversification strategy unveiled by Prince Mohammed bin Salman (MBS) in January 2016, when oil prices reached a historic low of $29 per barrel. The prospects suddenly darkened for Saudi Arabia and it was necessary to respond quickly. The crown prince’s […]
Saudi Arabia’s Vision 2030: the way forward
Vision 2030 intends to transform the Saudi economy – the largest Arab and second largest middle eastern economy after Turkey – and to reduce its dependence on oil. Since its launch in Spring 2016, it managed to attract a great deal of attention. It aimed to tackle many of the problems that impede the economy […]