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OPEC in a Shale Oil World

Where to Next?

  • Mohamed Ramady
  • Wael Mahdi

Table of contents

  1. Front Matter
    Pages i-xxx
  2. A History of Mistrust and Struggle

    1. Front Matter
      Pages 1-1
    2. Mohamed Ramady, Wael Mahdi
      Pages 3-32
  3. OPEC and the New Reality

    1. Front Matter
      Pages 55-55
    2. Mohamed Ramady, Wael Mahdi
      Pages 57-78
    3. Mohamed Ramady, Wael Mahdi
      Pages 131-145
    4. Mohamed Ramady, Wael Mahdi
      Pages 147-177
    5. Mohamed Ramady, Wael Mahdi
      Pages 179-213
    6. Mohamed Ramady, Wael Mahdi
      Pages 215-245
  4. Back Matter
    Pages 247-269

About this book

Introduction

RAMADy, Mahdi

OPec in a sHALE  oil world –where to NEXT?

 

With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco.

 

"OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi,   former Kuwait National Representative at OPEC  .

 

"Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard,  former Director of Research Division , OPEC.

 

". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad  Al Husseini , former Board Member and EVP   Saudi Aramco

 

     “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The

Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. 

Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel.

 

Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.

With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco.

 

"OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi,   former Kuwait National Representative at OPEC  .

 

"Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard,  former Director of Research Division , OPEC.

 

". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad  Al Husseini , former Board Member and EVP   Saudi Aramco

 

     “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. 

Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel.

 

Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.

Keywords

Alternative Energy Fracking Middle East OPEC Peak oil Shale oil

Authors and affiliations

  • Mohamed Ramady
    • 1
  • Wael Mahdi
    • 2
  1. 1.Department of Finance and Economics Visiting Associate ProfessorKing Fahd University of Petroleum and MineralsDhahranSaudi Arabia
  2. 2.Regus, Building 12, Level 4 Trust Tower,OPEC & Middle East Energy Correspondent Bloomberg NewsManamaBahrain

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-22371-1
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-22370-4
  • Online ISBN 978-3-319-22371-1
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking