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Oil Market remaining calm – IEA Reports

Oil Market remaining calm – IEA Reports

May 17, 2019 No Comments

The ongoing geopolitical supply concerns around Libya, Iran, and Venezuela have been joined in the past few days by the attacks on shipping off Fujairah and on two pumping stations in Saudi Arabia. At the time of writing, there is no disruption to oil supplies and prices are little changed. The IEA is monitoring the […]

A Saudi-Iran Oil War Could Break Up OPEC

A Saudi-Iran Oil War Could Break Up OPEC

August 24, 2018 No Comments

When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a […]