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]
EIA expects middle east electricity demand to increase 30% by 2028 Nuclear electricity generation capacity in the Middle East is expected to increase from 3.6 gigawatts (GW) in 2018 to 14.1 GW by 2028 because [Read more]
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