OPINION

Slugcatcher: Falling oil prices send shockwaves through OPEC

Oil cartel face new flood of competition

Slugcatcher
OPEC+ nations. Image by Maksym Yemelyanov.

OPEC+ nations. Image by Maksym Yemelyanov.

It was only a fall of US$8, but the drop last week from US$84 a barrel to US$76/bbl for Brent crude and a similar US$8 fall in the U.S. oil price sent a shudder through the market, which had 2014 written...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry