01 July 2019
11:10 AM
Even if OPEC+ has a highly probable rollover of 1.2 million barrels per day (bpd) output cuts for the second half of 2019, as agreed at the G20 Summit by Saudi Arabia and Russia, the next six months will still be challenging.
15 June 2019
03:01 PM
This week’s attacks on two tankers in the Gulf of Oman mark a serious escalation in regional tensions, and will have a grave impact on the global oil trade.
15 May 2019
03:24 PM
It is surely no coincidence that Tuesday’s attack on energy facilities in the Kingdom came just two days after four commercial ships, including two Saudi oil tankers, were sabotaged off the UAE coast.
24 April 2019
12:35 PM
Saudi Arabia is more than capable of compensating for lost Iranian oil exports, following the move by the US administration to end waivers to sanctions on Tehran.
14 April 2019
11:17 AM
Oil continued its rally, driven by involuntary supply losses from Venezuela, Iran and Libya. The market has steadily tightened for the second month in a row and it seems that Brent has settled around the $70 per barrel mark.
13 February 2019
11:13 AM
Asian Pacific refiners had halted purchases of Iranian crude oil amid US sanctions, despite the existence of waivers, and did not resume imports until recently, when Japan and South Korea received their first cargoes in months.
04 January 2019
11:02 AM
This winter, the liquefied natural gas (LNG) market experienced a different focus as US gas exports were challenged by weaker Asia demand. That kept the global LNG market under pressure and led to weaker prices than previous winters.
30 December 2018
07:13 AM
It was a rollercoaster-ride of a year for the oil markets, with Brent prices soaring to a high of $86 in October, before a dramatic crash to as low as $50 earlier this month.
24 December 2018
09:30 AM
Oil prices continued their decline last week, with the market adversely affected by global financial turmoil, slowing growth and
19 December 2018
07:50 AM
Oil prices and their likely fluctuation have been an issue for Saudi Arabia as it plans its budget each year.
16 December 2018
09:05 AM
Since early December, oil prices have been moving in a narrow band with Brent crude hovering between $60 and $62 per barrel. Lower price forecasts continue from financial advisers and international organizations.
09 December 2018
12:08 PM
The cooperation between OPEC’s 15 members and a group of non-OPEC nations led by Russia, known as OPEC+, is set to enter its third year after an agreement was reached in Vienna last week.
02 December 2018
09:20 AM
Oil prices were last week hovering around the psychological level of $60 per barrel of Brent crude, dropping to under $59, and at best, rising a little over $61. The massive rally in US stocks didn’t lift prices.
14 November 2018
02:49 PM
Last week, Iran requested that OPEC officially abandon JMMC and JTC.
07 November 2018
11:38 AM
Since the start of 2018, the Paris-based International Energy Agency (IEA) has constantly been putting forward pessimistic forecasts to halt rising oil prices.
01 November 2018
01:13 PM
Iran has asserted that no OPEC member can take over its share of oil exports. This has created a quandary, as only OPEC producers in the Arabian Gulf have crude available with a sulfur level above 0.5 percent, matching Iran’s sour crude.
28 October 2018
09:59 AM
So far, oil prices have responded to geopolitical factors in a relatively calm fashion, with prices still remaining in the $70-$80 range.
21 October 2018
01:21 PM
Oil prices haven’t changed much over the past week. Brent Crude fell slightly below $80 per barrel for the first time in a month and settled at $79.78 per barrel by the week-ending close on Friday. WTI also fell slightly below $70 per barrel for the first time since mid-September and settled at $69.12 per barrel by the end of the week.
