3E Intelligence

Archives for OPEC

It is often assumed that climate and energy security policies are complementary and that therefore measures in one area are also good for the other. This assumption might be correct in certain cases (driving less will be good for climate and will make us less dependent on imported oil), but there are more and more… » read more

Posted by Willy De Backer

Ministers from the 12 OPEC [see also Wikipedia] countries are expected to be holding their official production output steady when they meet tomorrow in Vienna. Currently OPEC produces about 27 million barrels of oil per day but the International Energy Agency has been pushing them to bring more oil to the market. OPEC, on the other hand… » read more

Posted by Willy De Backer

In the UK’s Independent, David Strahan, the author of the excellent book “The Last Oil Shock: a survival guide to the imminent extinction of petroleum man”, uses new rumours of an imminent merger of Royal Dutch Shell and BP to make the case that the big oil majors are facing difficult times. The real motivation… » read more

Posted by Willy De Backer

The 4th ministerial-level meeting of the EU-OPEC energy dialogue took place on 21 June in Vienna. The European Commission issued a press release on the outcome of the meeting. The EU delegation tried to ease OPEC’s fears of the bloc’s biofuels policy. In March 2007, the EU Council set the member states a 10% minimum… » read more

Posted by Willy De Backer