Overview
- Examines OPEC’s ‘golden age’ and appropriate policies going forward
- Explores the rise of non-OPEC energy producers and a new market-driven global energy pricing order, marginalizing key OPEC producers
- Investigates how price differentiation by market and type of crude, rather than overall production quotas and limits, are now the future key determinants for market share
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (8 chapters)
-
Front Matter
-
A History of Mistrust and Struggle
-
Front Matter
-
-
OPEC and the New Reality
-
Front Matter
-
-
Back Matter
Keywords
About this book
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The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil.Drawing upon the Authors combined academic and practical first hand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.
Reviews
"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 book presents a detailed understanding of OPEC’s capabilities and limitations as they have evolved with time and is a vital resource for anyone wishing to consider OPEC’s and the oil industry’s future options and opportunities. 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.
Authors and Affiliations
About the authors
Bibliographic Information
Book Title: OPEC in a Shale Oil World
Book Subtitle: Where to Next?
Authors: Mohamed Ramady, Wael Mahdi
DOI: https://doi.org/10.1007/978-3-319-22371-1
Publisher: Springer Cham
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer International Publishing Switzerland 2015
Hardcover ISBN: 978-3-319-22370-4Published: 29 October 2015
Softcover ISBN: 978-3-319-36865-8Published: 23 August 2016
eBook ISBN: 978-3-319-22371-1Published: 15 October 2015
Edition Number: 1
Number of Pages: XXX, 269
Topics: Economic Policy, Energy Policy, Economics and Management, International Political Economy