Global Energy Prices

A credit downgrade spells bad news for Venezuela. [more]

Iran's international isolation gives it few options for dealing with plunging oil prices. [more]

Just as high oil prices reworked the international economic order, low oil prices are now doing the same. [more]

Falling oil prices are causing exporters to adjust to the price plunge and lower their income forecasts for the coming years. [more]

Saudi Arabia's bid to expand oil production at a time of falling energy prices represents a bid to continue its dominance in global energy markets. [more]

The Organization of the Petroleum Exporting Countries announced that it will cut oil production by 1.5 million barrels per day starting Nov. 1. [more]

Saudi Arabia might have something to gain from prolonging the current oil price drop. [more]

The Organization of Petroleum Exporting Countries is cutting production, but not all members are expected to comply. [more]

With oil prices down to around $125 per barrel, Malaysia, Thailand and other Southeast Asian countries are reconsidering the policies implemented because of high energy costs. [more]

While many factors contribute to higher oil prices, they have a greater effect on price volatility, which works both ways and is of more importance. [more]

Saudi Arabia has a threshold for high oil prices, and has a few tools at its disposal to keep oil below that threshold. [more]

After all the economic doom and gloom of the first half of 2008, are there hopeful events to look forward to in the third quarter? Stratfor’s vice president of global analysis, Peter Zeihan, says yes — and explains why oil prices could soften slightly in the coming months. [more]

The G-8 -- the United States, Japan, Germany, Britain, France, Canada, Italy and Russia -- gathered Monday for a summit that will seek to discuss and reach agreements on topics such as climate change and high oil and food prices. [more]

Leaders of the Libyan Islamic Fighting Group are close to a deal on abandoning their armed resistance against Libyan leader Moammar Gadhafi’s government, according to July 7 media reports. [more]

The Europeans have reported the largest increase in inflation since the creation of the European Central Bank. [more]

Libya's Oil Ministry has announced it may reduce oil output in response to proposed U.S. legislation that would allow the Justice Department to sue OPEC members for limiting oil supplies. [more]

Kuwait announced that it would be increasing its oil output by 300,000 barrels per day (bpd) by mid-2009. That goal seems likely given its oil reserves and financial situation. (With Stratfor map) [more]

Congress held hearings Monday on the role of speculators in driving oil prices up. [more]

Like the Big Bad Wolf, they huffed and they puffed but they could not bring the house down. Despite the rhetoric and one prime minister’s pledge to take a blow torch to OPEC, the oil cartel remains intact and oil prices stay high. After a summit in Jeddah, those with oil to sell rejected the claim the stuff is too expensive and a cooperative scheme put up by Britain’s Gordon Brown faltered. [more]

Saudi Arabia will increase oil supplies by the amount proposed a week ago as it strikes a balance between maximizing its profit and maintaining demand. [more]