Oil Prices

Saudi Arabia Oil Attack a Geopolitical Game-changer in the Middle East

US Department of State, modified, https://commons.wikimedia.org/wiki/File:Deputy_Crown_Prince_Mohammad_Bin_Salman_bin_Abdulaziz_Al-Saud_Participates_in_the_Counter-ISIL_Ministerial_Plenary_Session_-_Flickr_-_U.S._Department_of_State_(cropped).jpg

Riyadh’s evident vulnerability will lead to a search for new regional allies, and Israel is a surprising possible candidate.

Fallout from Saudi Oil Facility Attack

Khurais_Oil_Processing_Facility,_Saudi_Arabia_by_Planet_Labs, cc Planet Labs Inc., modified, https://commons.wikimedia.org/wiki/File:Khurais_Oil_Processing_Facility,_Saudi_Arabia_by_Planet_Labs.jpg

Appraising the geopolitical and market fallout from the mysterious attack on Saudi oil facilities earlier this month.

The Cyprus Issue and Natural Gas in the Eastern Mediterranean

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New natural gas discoveries have left a divided Cyprus in the middle of a worsening geopolitical storm in the Eastern Mediterranean.

US-China Trade War and Iranian Oil: Market Disruptions Ahead?

President Trump visits China in 2017; Whitehouse.gov, modified, public domain

Risks are mounting on both the supply and demand side of global oil markets.

US-Iran Tensions: Saudi Sabotage Rattles Oil Markets

TankerSunrise, modified, public domain, https://picryl.com/media/maracaibo-venezuela-sunrise-travel-vacation-faeace

Two instances of sabotage on Saudi oil infrastructure suggest the possibility of Iranian blowback from mounting tensions with the United States.

Can AMLO Save Mexico’s Pemex?

PemexMex, cc Flickr Matthew Rutledge, modified, https://creativecommons.org/licenses/by/2.0/

The newly elected president has set out to reverse the long-term decline of Mexico’s state-owned oil giant. But he’s going to have his work cut out for him.

FLASH: Iran Oil Industry Feels Bite of US Sanctions

CC 4.0, https://commons.wikimedia.org/wiki/File:Hassan_Rouhani_press_conference_following_2017_election_victory_12.jpg, This is an image from the Tasnim News Agency website, which states in its footer,

Less than a year out from President Trump’s May 2018 announcement that the United States is withdrawing from the JCPOA, Iran’s oil industry is struggling more than many anticipated.

TAP Pipeline: Look Who’s Switching Off the Gas This Time

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It's not Moscow, but the new government in Rome that might be turning off the TAP and dooming the Trans-Adriatic Pipeline project.

Emerging Markets Report (10-05-2018)

Sao_Paulo_Stock_Exchange, cc Rafael Matsunaga, modified, Wikicommons, https://commons.wikimedia.org/wiki/File:Sao_Paulo_Stock_Exchange.jpg

After a new sell-off in emerging markets around the world, all eyes are on today’s US jobs report.

FLASH: Oil Prices Continue to Creep Upward

030629-N-4790M-001 Central Command Area of Responsibility (Jun. 29, 2003) -- Commercial oil tanker AbQaiq readies itself to receive oil at Mina-Al-Bkar Oil terminal (MABOT) an off shore Iraqi oil installation. AbQaiq is the first commercial vessel to receive a post-war shipment of crude oil for export at Mabot. AbQaiq is scheduled to take on an estimated 2 million barrels of crude oil. U.S. Navy and coalition forces are helping to provide security, enforcing an exclusionary perimeter around the terminal. U.S. Navy photo by Photographer's Mate 2nd Class Andrew M. Meyers. (RELEASED), https://commons.wikimedia.org/w/index.php?title=Special:Search&title=Special:Search&redirs=0&search=oil+tanker&fulltext=Search&fulltext=Advanced+search&ns0=1&ns6=1&ns14=1&advanced=1&searchToken=c8v9kp7zj8qr2ca6bo8zpklqw#%2Fmedia%2FFile%3AOil_tanker_Abqaiq_in_2003.jpg

Oil traders are bullish in the shadow of pending Iran sanctions, with some projections suggesting a return of $100-per-barrel prices.

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