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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
China Has Big Eyes, Little Stomach for Oil
Wall Street Journal 08.27.2015
OPEC’s Oil Output Strategy Seen Potentially Backfiring
Wall Street Journal 11.10.2015
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
Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink Deficit
New York Times 12.28.2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01.12.2016
How OPEC lost control of the oil market - The Washington Post
Washington Post 04.15.2016
What’s so important about the oil meeting in Doha - The Washington Post
Washington Post 04.17.2016
No Agreement on Oil Freeze at Doha Meeting
Wall Street Journal 04.18.2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05.24.2017
OPEC Pursues Formal Pact With Russia
WSJ 02.06.2019
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