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How American Shale Drillers Flipped OPEC’s Script
Keywords: Opec, Oil Prices, Shale Oil,
OPEC policy and oil prices- 2013-2018
11/30/2013
Grouped Articles
OPEC Rift Emerging Over Iraq Output, Possible Return of Iran
Wall Street Journal 11/30/2013
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times 12/04/2013
Venezuela Could Force Oil Market to Take Stock
Wall Street Journal 02/24/2014
Oil Prices Continue Decline, Pressured by Saudi Action to Defend Market Share
New York Times 10/02/2014
OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Saudi oil production policy in 2016, and the prospect of low oil prices for the long term
01/27/2016
With Iran expected to add its production to supplies following lifting of sanctions in 2016, the Saudis would lose market share if they cut production. The Saudis are also on opposite sides with Iran and the Shiite government in Iraq, in the Middle East conflict. Russia is also on the opposite side of this conflict. As a result the Saudis are likely to stick to policy of full production with no cutbacks for the long term. When the Saudis made the policy decision at OPEC meetings in 2014 to not cut back on production as prices declined, it may have been done with the idea of revising policy later on. In 2016 with added Iranian production, this flexibility is diminished. Russia's bombing campaign in Syria, and its ability to withstand sanctions and low oil prices because of a declining ruble, and the cutoff in diplomatic relations between Iran and Saudi Arabia, have put all sides in an economic war of attrition. The Saudis with $630 billion in reserves also see the ability to withstand low oil prices for the long term. Low oil prices help boost economies in the U.S, European Union, Japan, India, China, Turkey, and other countries as the global economy slows down in 2016.
Grouped Articles
Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
New York Times 01/27/2016
Oil-Price Poker: Why the Saudis Won’t Fold ‘Em
Wall Street Journal 02/01/2016
Oil Output Freeze Is an Agreement With a Catch
New York Times 02/16/2016
Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth
New York Times 02/16/2016
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
How OPEC lost control of the oil market - The Washington Post
Washington Post 04/15/2016
The calculations of the Saudis, Russia, Iran and Iraq, Venezuela, and other OPEC members as oil prices decline in Oct.-Dec. 2014
10/15/2014
Each side the Saudis, the Russia, and Iran is looking at the drop in oil prices and how much it can absorb using sovereign reserves as lower prices leads to budget deficits in 2015-2016. Russia and Iran face greater problems with western sanctions, and falling currency values exacerbating rising inflation. Other OPEC countries such as Venezuela and Nigeria face a crisis from falling revenues. In the U.S. this will affect shale oil production as less efficient producers shut down plants, with the overall outlook of lower oil prices being positive.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
OPEC Members Nearing Compromise on Supply Cuts
Wall Street Journal 11/26/2014
Oil inventories and oil prices in 2015
03/06/2015
Grouped Articles
Oil Glut Sparks Latest Dilemma: Where to Put It All
Wall Street Journal 03/06/2015
Iran’s Nuclear Deal Could Open Oil Flood
Wall Street Journal 03/17/2015
Oil Markets: Use Your Illusion
Wall Street Journal 05/14/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
The effects of lower oil prices in 2015- (2) the effect on oil drilling and exploration companies
12/11/2014
Grouped Articles
Oil’s Fall Puts a Chill on U.S. Drilling
Wall Street Journal 12/11/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
Oil Prices Tumble to Fresh Lows
Wall Street Journal 01/06/2015
Wall Street Journal 01/06/2015
Oil-Product Prices Fall as Supplies Climb
Wall Street Journal 01/08/2015
BP Posts Quarterly Loss Amid Oil Price Rout
Wall Street Journal 02/03/2015
U.S. shale oil production and the oil price decline in 2014-2015
10/23/2014
Grouped Articles
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
How Crude Oil’s Global Collapse Unfolded
Wall Street Journal 12/14/2014
Wall Street Journal 01/06/2015
Oil’s Fall Continues Into 2015, and Stock Markets Shudder
New York Times 01/05/2015
How U.S. shale oil companies have weathered the slump in oil prices by 2016 and are snapping back
09/27/2016
Grouped Articles
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
U.S. Oil Exports Double, Reshaping Vast Global Markets
WSJ 06/07/2017
Effort to Crush Shale Producers Only Made Them Stronger
WSJ 06/09/2017
The New Tech That Terrifies OPEC
WSJ 06/01/2018
Saudis Struggle to Share Pain of Pumping Less Oil
WSJ 11/30/2018
Projected further decline in oil demand for 2016, after the drop in oil prices in 2015
10/22/2015
Grouped Articles
Global Demand Growth for Oil May Fall by a Third in 2016
Wall Street Journal 10/22/2015
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
Oil prices decline to nearly $30 a barrel in January 2016
01/12/2016
Grouped Articles
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016
02/20/2009
The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.
Grouped Articles
Trade and Oil on Agenda as Obama Visits Canada
New York Times 02/20/2009
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08/23/2013
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Saudi price strategy in 2015 and U.S. shale oil drillers
01/10/2015
Grouped Articles
Saudi Arabia’s Cure for Shale Could Entail Shock Therapy
Wall Street Journal 01/10/2015
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Oil-Drop Pain Spreads to Saudi Arabia’s Energy Behemoth
Wall Street Journal 02/20/2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05/14/2015
OPEC's loss of pricing power in 2015
06/01/2015
Saudi Arabia acting as a swing producer adjusted oil production to keep prices from falling in the period before 2015. Following the sharp drop in oil prices to below $50 in early 2015, prices steadied to about $65 for Brent crude in June 2015. The Saudi oil minister Naimi says he takes the long view on oil prices, and decides to continue Saudi production at earlier levels in June 2015. In a period of declining oil prices the Saudis and OPEC continue to produce oil at the same levels as before.
Grouped Articles
OPEC’s Pricing Leverage Is Weakening
Wall Street Journal 06/01/2015
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06/03/2015
Wall Street Journal 06/05/2015
OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal
New York Times 06/05/2015
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal 07/04/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
OPEC supply, oil demand and oil prices 2014-2017
10/15/2014
Grouped Articles
IEA Cuts Outlook for Oil-Demand Growth by 22%
Wall Street Journal 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
OPEC Members Nearing Compromise on Supply Cuts
Wall Street Journal 11/26/2014
Energy Quakes as OPEC Stands Pat
Wall Street Journal 11/28/2014
Iraq Agrees on Kurdistan Oil Deal
Wall Street Journal 12/02/2014
Saudi Arabia Sees Oil Prices Stabilizing Around $60 a Barrel
Wall Street Journal 12/04/2014
Saudi Arabia and oil prices- 2011-2018
02/04/2006
Grouped Articles
Oil Prices Continue Decline, Pressured by Saudi Action to Defend Market Share
New York Times 10/02/2014
OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Exxon and learning "to get the oil out of the rock in the most cost efficient way" - declining costs of shale oil production and the future for oil prices 2015-2020
03/06/2015
Grouped Articles
Exxon Mobil: Shale to the Chief
Wall Street Journal 03/06/2015
U.S. Producers Ready New Oil Wave
Wall Street Journal 03/14/2015
Non-U.S. Shales Prove Difficult to Crack
Wall Street Journal 03/19/2015
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06/03/2015
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09/27/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
Saudi oil price strategies in 2014-2016
10/15/2014
Grouped Articles
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
Energy Quakes as OPEC Stands Pat
Wall Street Journal 11/28/2014
OPEC’s Weapon of Mass Inaction
Wall Street Journal 11/28/2014
Free Fall in Oil Price Underscores Shift Away From OPEC
New York Times 11/28/2014
Impact of price drop to $60 for crude oil on oil drilling companies in 2014-2015
10/10/2014
Grouped Articles
Fracking Firms Get Tested by Oil’s Price Drop
Wall Street Journal 10/10/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
OPEC Split as Oil Prices Fall Sharply
New York Times 10/13/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12/01/2014
Oil inventories and oil prices in 2016
04/13/2016
Grouped Articles
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
Oil prices, financial markets sink after production limit plan fails - The Washington Post
Washington Post 04/18/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
Royal Dutch Shell's response to the drop in oil prices below $50 a barrel in 2015
01/29/2015
Shell will cut investment spending by $15 billion over 3 years, pull back from investments in shale, freeze dividend payments.
Grouped Articles
Royal Dutch Shell to Cut Spending Amid Lower Oil Prices
Wall Street Journal 01/29/2015
Non-U.S. Shales Prove Difficult to Crack
Wall Street Journal 03/19/2015
Wall Street Journal 04/30/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
Oil Majors’ Dividends Survive Plunge in Oil Prices
Wall Street Journal 11/16/2015
Shell Lowers 2016 Capital-Spending Plan By $2 Billion to $33 Billion
Wall Street Journal 12/23/2015
Continuing decline in oil prices at the end of 2015, with likely continued decline in 2016
12/07/2015
Grouped Articles
As Oil Keeps Falling, Nobody Is Blinking
Wall Street Journal 12/07/2015
Energy Sector Rout Intensifies on Mild Weather, OPEC
Wall Street Journal 12/08/2015
Oil Prices Plunge 5% After OPEC Stands Pat
New York Times 12/07/2015
The Oil-Price Rout: Blink and You Won’t Miss It
Wall Street Journal 12/12/2015
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Shale oil and U.S. /North American oil supplies
06/16/2011
Grouped Articles
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
Wall Street Journal 01/06/2015
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
The Economist and WSJ on shale oil, the Saudis and oil prices in 2015 and beyond
01/13/2015
The Economist points out that shale oil production technology is at the early stages with production costs likely to come down from an average of $57 a barrel. With the relatively small costs to start drilling in shale deposits and extensive new shale deposits in the U.S. and other parts of the world, shale is likely to remain a factor in oil production and prices for a long time. Any impact of Saudi oil price cuts on shale oil production is likely to be temporary, as new advances in the technology and efficiency will make shale oil a serious source of oil supplies. Already some efficient shale oil producers have costs below $35 a barrel in the U.S., according to the CEO of CSX Railroad. CSX has dropped the fuel surcharge to improve the competitiveness of shale transported by rail from the Bakken shale region in N. Dakota.
Grouped Articles
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Exxon Mobil: Shale to the Chief
Wall Street Journal 03/06/2015
U.S. Producers Ready New Oil Wave
Wall Street Journal 03/14/2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05/14/2015
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