By Ali Allawi, Deputy Prime Minister & Minister of Finance – Republic of Iraq and Dr Fatih Birol, IEA Executive Director This article was published by the International Energy Agency on Sept. 5, 2021. In [Read more]
By Candace Dunn and Natalie Kempkey This article was published by the US Energy Information Administration on July 23, 2019. The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, [Read more]
This article was published by the Energy Information Administration on June 20, 2019. By Justine Barden The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and [Read more]
Iran oil production and exports have dropped since the Trump administration announced last May that it would quit the nuclear deal and re-impose sanctions on Iranian crude exports. AFP photo by Atta Kenare. Iran oil [Read more]
Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iranian oil go into effect fully from November. [Read more]
OPEC along with other participants in the cartel’s supply cut agreement have denied US President Donald Trump’s demand to boost crude production. Xinhua News photo. OPEC decision boosts oil prices Monday OPEC and its allies [Read more]
According to a confidential report by the International Atomic Energy Agency, Iran has remained in compliance with the 2015 nuclear deal, staying within caps on uranium enrichment levels, enriched uranium stocks and other provisions. Reuters [Read more]
The Trump administration abandoned the Iran deal in May and vowed to re-impose US sanctions against Tehran. US President Trump warned that companies doing business with Iran will be barred from the US. Reuters photo. [Read more]
Ed Hirs argues that should Iran implement a partial blockade of the Strait of Hormuz, cutting crude supplies to the market by 10 per cent, oil prices would rise by 250 per cent. Reuters/Fars News [Read more]
The Trump administration has briefed journalists on background that it will review sanctions waiver applications on a case-by-case basis and work with countries that are reducing their oil imports from Iran. AP photo by Evan [Read more]
Oil prices fell in trading on Thursday after data from the US Energy Information Administration showed US crude stocks had risen by 1.3 million barrels last week. Analysts had predicted a 3.5 million barrel drop. [Read more]
US President Donald Trump blames OPEC for rising gas prices and is urging the cartel to “REDUCE PRICING NOW!”. Higher gasoline prices could become a political problem for the ruling Republicans as the midterm elections [Read more]
An official with the government of Iran said removing Iranian crude from the global oil market by November is not possible, based on the volume of exports. Irna.ir photo. 2.5 million barrels of Iranian crude, [Read more]
Last month, US President Donald Trump the “highest level” of US sanctions would be implemented against Iran after the US abandoned the Iran sanction relief agreement. AP photo by Evan Vucci. OPEC asked to support [Read more]
Competitors of Alberta heavy crude oils – Venezuela, Iran, Iraq – subject to risk caused by geopolitical tensions With global oil markets now largely rebalanced, risks to oil prices, including the geopolitical risks grabbing news [Read more]
4.4 million Mt of polyethylene capacity that was scheduled to come online by 2025 could be in doubt from reimposed US sanctions Trump’s plan to leave the Iran nuclear deal and reimpose sanctions could have [Read more]
Out of Middle East countries, Turkey uses more coal powered electricity than most others Planned coal-fired capacity additions from a number of countries in and around the Middle East will add 41 gigawatts (GW) of [Read more]
Greater GDP growth has potential to increase oil consumption beyond forecasted levels, putting upward pressure on crude oil prices EIA’s May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) [Read more]
US sanctions against Iran that will likely follow the Trump administration’s decision to withdraw from the 2015 nuclear agreement marks the end of the OPEC supply cut deal, according to oil market analyst John Kemp. [Read more]
Oil prices fell on Tuesday as the US dollar gained ground, however, losses were limited as investors’ concerns over US President Trump’s threat to pull out of the Iran sanction relief deal underpinned the market. [Read more]
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