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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. a barrel premium over the Dubai/Oman average.

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. Aside from a single week in October, the US oil industry has deployed more rigs in every week dating back to June, a remarkable run that has resulted in more than 200 fresh rigs drilling for oil.

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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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Stagnant oil prices continue to limit large-scale investments in global exploration worldwide, including deepwater plays, and many onshore US projects are not yet cash-flow positive, so energy investors are demanding financial returns. These five case studies represent just a fraction of the opportunity that we identified globally.