| 来源类型 | Energy Comments |
| 规范类型 | 评论 |
| OPEC Policy in the Age of Trump | |
| Bassam Fattouh; Andreas Economou | |
| 发表日期 | 2019-03-13 |
| 出版年 | 2019 |
| 页码 | 1 |
| 语种 | 英语 |
| 概述 | President Trump’s tweet on February 25 urging OPEC to ‘relax’ and to take it ‘easy’ with their cuts, and that a ‘fragile’ global economy can’t tolerate a higher oil price, did have an immediate price impact, with the Brent price declining by 4 per cent on the day, from nearly $67/b down to $64/b. But […] |
| 摘要 | President Trump’s tweet on February 25 urging OPEC to ‘relax’ and to take it ‘easy’ with their cuts, and that a ‘fragile’ global economy can’t tolerate a higher oil price, did have an immediate price impact, with the Brent price declining by 4 per cent on the day, from nearly $67/b down to $64/b. But the ‘Trump tweet’ impact faded fairly quickly with oil prices gaining again towards the end of the same week. A clear signal from the Saudi energy minister Mr. Khalid Al-Falih in which he confirmed that OPEC and its partners would continue with their output cuts with the objective of achieving a more balanced market was a key factor behind the fast recovery. Extrapolating Saudi Arabia’s behavior in 2018 into 2019 is risky and the assumption that Saudi policy will reverse its current strategy under Trump’s pressure does not reflect the shift in Saudi thinking and the current uncertainties and weaknesses engulfing the oil market. This Energy Comment sheds some light on the current market uncertainties pertaining to the drivers and prospects of global demand growth in 2019, the clearing of the stocks overhang and the dilemma that OPEC and its partners currently face. |
| 主题 | Energy Policy ; Oil ; Oil & Middle East Programme |
| 关键词 | Forecast Scenarios Inventories Oil Demand Oil Policy OPEC Saudi Arabia US |
| URL | https://www.oxfordenergy.org/publications/opec-policy-age-trump/ |
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312627 |
| 推荐引用方式 GB/T 7714 | Bassam Fattouh,Andreas Economou. OPEC Policy in the Age of Trump. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| OPEC-Policy-in-the-A（1888KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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