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Opec+ power shift points to lower crude price paradigm

机译:opec +电源转移点降低原油价格范式

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Saudi Arabia's five-decade run as either sole or co-leader of Opec appears to now be under serious threat from Russia in the expanded Opec+ grouping.And that could lead to a shift in emphasis to protecting the Opec+ market share,particularly given pressures on future oil demand.After a combination of revolution,war and international economic sanctions whittled away production and influence from Iran-in the 1970s and 1980s an Opec co-leader,with Riyadh leading the price doves and Tehran the hawks-Saudi Arabia enjoyed a 25-year hegemony over Opec policy.Supported by loyal Mid-East Gulf allies Kuwait and UAE,that was the status quo until 2016.But,in December 2016,Saudi Arabia admitted defeat in an ill-fated attempt to kneecap rapid increases in US oil production,courtesy of the shale revolution,in the longest oil price war in Opec history.The cartel was forced to enlist the support of Russia and several oilier non-Opec producers to help bolster prices.
机译:沙特阿拉伯作为欧佩克唯一或联合领导人的50年任期现在似乎受到俄罗斯在扩大的欧佩克+集团中的严重威胁。这可能导致重点转向保护欧佩克+市场份额,特别是考虑到未来石油需求的压力。20世纪70年代和80年代,革命、战争和国际经济制裁共同削弱了伊朗的产量和影响力。之后,石油输出国组织(Opec)联合领导人利雅得(Riyadh)领导价格鸽派,德黑兰(Tehran)则是鹰派。沙特阿拉伯在石油输出国组织(Opec)政策上享有25年的霸权地位。在忠实的中东海湾盟友科威特和阿联酋的支持下,这一现状一直持续到2016年。但是,2016年12月,沙特阿拉伯承认,在欧佩克历史上持续时间最长的石油价格战中,由于页岩革命,沙特阿拉伯试图阻止美国石油产量的快速增长,这是一次不幸的尝试。欧佩克被迫寻求俄罗斯和几个非欧佩克产油国的支持,以帮助提振油价。

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