UAE Break With OPEC Puts African Crude Exports At Risk
A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May…
Warnings on Permanent Oil Demand Destruction Begin Pouring In
Warnings are multiplying that the oil supply shock caused by the war in the Middle East is going…
IEA’s Birol Says Iran War Will Permanently Cut Into Future Oil Demand
International Energy Agency chief Fatih Birol says the Iran war has permanently changed the fossil fuel industry and…
StanChart: $95 Per Barrel Is The New Oil Price Equilibrium
Oil prices were rallying again on Wednesday after Iran’s Islamic Revolutionary Guard Corps (IRGC) captured two commercial vessels…
Iran War Has Cost The World $50 Billion of Lost Oil Supply, So Far
Seven weeks after the war in the Middle East began, the world has already lost 500 million barrels…
South Korea Has An Oil Problem. Canada Is Helping To Fix It
Negotiations for an end to the Iran war have so far failed, and the Strait of Hormuz remains…
Strait of Hormuz Constraints Keep Oil Prices Elevated
Oil prices remain close to $100 per barrel despite the U.S.-Iran ceasefire, which revived hopes that the worst…
Standard Chartered: Oil Price Correction Is Likely Overdone
Oil prices have declined by the biggest margin since the Iran war began in late February, with Brent…
War Could Soon Force Oil Prices To Catch Up with the Massive Supply Loss
The oil market may be sleepwalking into a significant move higher if the Strait of Hormuz remains blocked…
Standard Chartered Predicts Oil Prices Will Remain Higher For Longer
On Monday, European Union foreign ministers rejected demands by U.S. President Donald Trump to help secure the Strait…
$100 Oil Could Deliver $63 Billion Cash Surge to U.S. Shale
Shale-focused U.S. oil producers could generate $63.4 billion in extra cash flow if the U.S. benchmark crude price…
Futures Market Misreads the Hormuz Oil Shock
The oil futures paper market is likely underestimating the massive supply disruption that a closed Strait of Hormuz…