Tag: opec

Global Oil Producers have Agreed on Production Cuts, What Now?

April 14, 2020
John Syed
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23 oil producing countries have agreed to cut 9.7 mb/d from global oil markets. Production levels from October 2018 will be used as the baseline; global oil production during that time was near all time highs at 100 mb/d; but flat when compared to March 2020’s 100 mb/d. When you factor in the recent overproduction […]

06 Apr 20

Has the Oil Industry Hit Bottom?

John Syed
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Everyone whose livelihood depends on the oil industry is, has one question on their mind, have the oil markets hit bottom? The answer is yes, but first let me share why that narrative is important; then I will outline why I think we have hit bottom. Once oil company executive psychology shifts from we are […]