The View from “Kissinger’s Bar”

by | published October 14th, 2016

New York may be the financial center of the world, and London still has the reputation of being the place to finance oil projects. But if you want to gauge the genuine pulse of the financial world’s view on all matters surrounding oil, come to Paris.

The “City of Lights” is host to the International Energy Agency (IEA), along with major global banking interests that bankroll a number of worldwide energy projects, and the offices of principal OPEC-related financing funds.

As Napoleon once put it, “Secrets travel fast in Paris.” But not nearly as fast as informed opinions.

That’s why I’m in Paris right now, discussing energy matters with my European colleagues. And what they’re telling me is very surprising. The opinion here on OPEC’s current negotiations on capping oil production is unanimous.

And it can be summed up in just two words…

Why the Saudis are Playing Games with Their Own Oil Deal

by | published October 11th, 2016

By the time you read this, Marina and I will be above the Atlantic, on our way to Paris.

When we land, I’ll be talking about energy developments with colleagues from the International Energy Agency (IEA). But even before we touch down in the “City of Lights,” things in the oil industry have started changing… fast.

You see, at the end of September, Saudi Arabia successfully brokered the framework for the first OPEC oil deal in years.

But now, the Saudis are suddenly making some very strange moves… Moves that look like they’re meant to undermine the very deal they just negotiated.

Appearances can be deceiving.

Here’s what Saudi Arabia is really doing – and why…