Download or read book OPEC in a Shale Oil World written by Mohamed Ramady and published by Springer. This book was released on 2015-10-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.
Download or read book An Analysis of OPEC s Strategic Actions US Shale Growth and the 2014 Oil Price Crash written by Mr.Alberto Behar and published by International Monetary Fund. This book was released on 2016-07-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors that can rationalize such a "regime switch" by OPEC. These include: (i) the growth of US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv) production ramp-ups in other non-OPEC countries. We show that these qualitative predictions are broadly consistent with oil market developments during 2014-15. The model is calibrated to oil market data; it predicts accommodation up to 2014 and a market-share strategy thereafter, and explains large oil-price swings as well as realistically high levels of OPEC output.
Download or read book Oil Shale Development in the United States written by James T. Bartis and published by Rand Corporation. This book was released on 2005-09-16 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1980s, industry and government took a hard look at the economics of extracting oil from vast deposits of shale that lie beneath the western United States. Oil prices subsided, and interest waned. With oil prices spiking and global demand showing no signs of abating, reexamining the economics of oil shale makes sense. In this report, the authors describe oil shale resources; suitability, cost, and performance of new technologies; and key policy issues that need to be addressed by government decisionmakers in the near future.
Download or read book An Analysis of OPEC s Strategic Actions US Shale Growth and the 2014 Oil Price Crash written by Alberto Behar and published by . This book was released on 2016 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors that can rationalize such a "regime switch" by OPEC. These include: (i) the growth of US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv) production ramp-ups in other non-OPEC countries. We show that these qualitative predictions are broadly consistent with oil market developments during 2014-15. The model is calibrated to oil market data; it predicts accommodation up to 2014 and a market-share strategy thereafter, and explains large oil-price swings as well as realistically high levels of OPEC output.
Download or read book OPEC The Gulf And The World Petroleum Market written by Fereidun Fesharaki and published by Routledge. This book was released on 2019-06-04 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives information on the OPEC nations' changing roles in the world oil market as they expand to "downstream" activities. It provides an overview of the production capabilities and policies of major oil exporters and examines the refinery overcapacity crisis in the developed world.
Download or read book Oil and Gas Global issues written by Peter R. Odell and published by multi-science publishing. This book was released on 2001 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first of two volumes of collected papers and essays charts the sequence of significant developments over the past 40 years of the most international of industries—that of gas and oil. Explained are the physical attributes of oil and gas resources, reserves, and supply in their economic and political settings, with an emphasis on the quantities. This book also explores the economic and political inputs to the global oil and gas industry’s organization and markets since the early 1960s and the consequences of a loss of control, not only for the industry itself, but also for the western world’s economy and its political stability.
Download or read book OPEC Behavior and World Oil Prices written by James M. Griffin and published by Taylor & Francis. This book was released on 1982-01-01 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book OPEC Twenty Years and Beyond written by Ragaei el Mallakh and published by Routledge. This book was released on 2016-03-02 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the major issues arising from the power ascribed to the Organization of the Petroleum Exporting Countries (OPEC), this book reflects the bredth, expertise and multifaceted viewpoints of the contributors: members of OPEC itself, industry representatives, and scholars and energy specialists from the USA, Europe and the Middle East. Throughout the book, the authors look at the potential of OPEC, discernible trends in such crucial areas as global petroleum supply and pricing, and the international economic and political implications of both.
Download or read book After the Oil Price Collapse written by Wilfrid L. Kohl and published by . This book was released on 1991 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.
Download or read book Constraints on the Commercialization of Oil Shale written by Edward W. Merrow and published by . This book was released on 1978 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the problems and prospects for the commercialization of oil shale from surface retorting, and concludes that government support of such an effort is unlikely to result in a viable industry in this century, although oil shale is second only to coal as a U.S. fossil fuel reserve. Alternative technologies, such as modified in situ (in place) processes, are promising but data on them are not abundant enough to permit reliable estimates of commercial-scale costs; government decisions on their commercialization should await the completion of further technical tests and an independent definitive plant design. The study deals mostly with economic and institutional constraints. The cost of shale oil, estimated at about 50 percent above the current world oil price, is the principal barrier to commercialization of surface retorting. The most serious institutional problem is the availability of water in the semiarid shale regions of the United States.
Download or read book OPEC and the International Oil Industry written by Fadhil J. Al-Chalabi and published by . This book was released on 1980 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Out of the Desert written by Ali Al-Naimi and published by Penguin UK. This book was released on 2016-11-03 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extraordinary memoir of global oil's former central banker Ali Al-Naimi is the former Saudi oil minister - and OPEC kingpin - a position he held for the two decades between August 1995 and May 2016. In this time, Al-Naimi's briefest utterances moved markets. But it wasn't always that way. Al-Naimi was born into abject poverty as a nomadic Bedouin in the 1930s, just as US companies were discovering vast quantities of oil under the baking Arabian deserts. From his first job as a shepherd boy, aged four, to his appointment to one of the most powerful political and economic jobs in the world, Out of the Desert charts Al-Naimi's extraordinary rise to power. Described by Alan Greenspan as 'the most powerful man you've never heard of', Al-Naimi's incredible journey proves that anyone can make it - even a poor Bedouin shepherd boy. This is his exclusive inside story of power, politics and oil. His Excellency Ali Ibrahim Al-Naimi is the former Minister of Petroleum and Mineral Resources for the Kingdom of Saudi Arabia. One of the most powerful economic and political jobs in the world, he held this post from August 1995 to May 2016. Prior to that he held a wide range of leadership positions in the Kingdom's national oil company, Saudi Aramco. He was the first Saudi national to be named President of the company in 1984 and became the first Saudi CEO in 1988. Al-Naimi joined the company, then called Aramco, as an office boy in 1947. A Bedouin, he was born in the deserts of eastern Arabia in 1935.
Download or read book The Price of Oil written by Roberto F. Aguilera and published by Cambridge University Press. This book was released on 2016 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.
Download or read book OPEC and the World s Energy Future written by Mohammed A. Alsahlawi and published by CRC Press. This book was released on 2021-05-27 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: OPEC and the World’s Energy Future offers a complete account of OPEC’s past, present, and possible future in relation to economic, political, and technological changes. It focuses on the impacts of recent international political and economic developments and analyzes the factors affecting OPEC as well as the world oil market. Offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market Describes the continued importance of oil and gas as major sources of energy throughout the world Examines OPEC’s history and merits, highlights differences among OPEC members, and discusses OPEC’s relations with the outside world Illustrates the impact of new technologies and how they may challenge and change the organization in the near and long term Aimed at policy makers, managers, scientists, and technologists in the oil and gas industry, this work offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market.
Download or read book Review and Outlook for the World Oil Market written by Shane S. Streifel and published by World Bank Publications. This book was released on 1995-01-01 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the collapse of the Soviet system, the immense problems of environmental pollution in Central and Eastern Europe were widely publicized. Less well known were its effects on health in the region, which have led to a serious health crisis. This report examines the degree to which the pollution adversely affected human health, putting it in the context of other health determinants such as socioeconomic factors, health care standards and availability, and lifestyle factors. Among the numerous pollutants, the report points to lead, dust, toxic gases, and nitrates in rural water supplies as having a significant impact on health in Central and Eastern Europe. The author suggests possible avenues for international action. However, an analysis of the determinants of health reveals that addressing the pollution problems alone will not solve the health crisis. Improving health in this region will depend on the changing economic fortunes of individual countries and the ability of each to create a supportive social environment for its citizens.
Download or read book World Energy Markets and OPEC Stability written by Ali Ezzati and published by Great Source Education Group. This book was released on 1978 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
