Rashid Husain Syed - Calgary's Business

Oil production cut numbers don’t add up

Posted by Rashid Husain Syed | Apr 20, 2020

As the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit

Posted by Rashid Husain Syed | Apr 12, 2020

As world demand declines thanks to the COVID-19 pandemic, oil countries struggle to control prices with production cuts

Posted by Rashid Husain Syed | Apr 8, 2020

For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer

Posted by Rashid Husain Syed | Apr 2, 2020

With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg

Posted by Rashid Husain Syed | Mar 25, 2020

It’s time for a Russia-Saudi-Arabia-Texas crude oil axis. But it will require the Trump administration to make some concessions