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The 4 Key Chokepoints For Oil
The 4 Key Chokepoints For Oil While everyone has been watching the Strait of Hormuz amid rising tension between the U.S. and Iran, a chokepoint on the other side of the Arabian Peninsula is now at the center of the action. Saudi Arabia temporarily halted all oil shipments through the Bab al-Mandeb strait after Saudi […]
Are Oil Markets Underestimating Iran’s Threats?
Are Oil Markets Underestimating Iran’s Threats? Iranian officials have suggested that they could shut the Strait of Hormuz if the U.S. moved to completely disrupt Iranian oil exports, a dire scenario that would present a supply shock to the oil market. The prospect of an outage at the Strait of Hormuz repeatedly crops up when […]
Trump Tariffs Could Delay Permian Relief
Trump Tariffs Could Delay Permian Relief The oil and gas industry hoped they would be spared from Donald Trump’s trade war, but the Permian basin was just hit with some bad news. The Permian basin has run up against a bottleneck for pipeline capacity. Gushing oil from West Texas will surpass the available space on […]
Oil Prices At Risk Of Economic Downturn
Oil Prices At Risk Of Economic Downturn Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund […]
Trump’s Ultimate Move To Lower Gasoline Prices
Trump’s Ultimate Move To Lower Gasoline Prices President Trump is reportedly considering tapping the strategic petroleum reserve to lower gasoline prices in an effort to neuter a political threat ahead of key midterm elections in November. Sources told Bloomberg that options are under consideration by the Trump administration, ranging from a minor 5-million-barrel test sale, […]
Record Oil Production Doesn’t Free U.S. From Global Market
Record Oil Production Doesn’t Free U.S. From Global Market In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at least three decades. The decline of net imports comes as the U.S. has ramped up oil production […]
Oil Prices Crash As Libya Resumes Production
Oil Prices Crash As Libya Resumes Production Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on Iran sanctions. Brent sank more than 6 percent during midday trading on Wednesday, as Libya’s National Oil Corp. […]
Spare Capacity: The Biggest Mystery In Oil Markets
Spare Capacity: The Biggest Mystery In Oil Markets With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply capacity to make up for the shortfall? There is a great deal of debate about the true extent […]
How Bad Is Iran’s Oil Situation?
How Bad Is Iran’s Oil Situation? The U.S. government has continued its attempts to shut down Iran’s oil exports, and in recent days Iranian officials responded by threatening to block the Strait of Hormuz. Such an outcome is highly unlikely, but the war of words demonstrates how quickly the confrontation is escalating. Oil prices spiked […]
Permian Bottlenecks Come At The Worst Moment
Permian Bottlenecks Come At The Worst Moment The growing number of supply outages around the world are causing the oil market to become a lot more volatile, putting extra emphasis on every barrel that does or does not make it to market. That makes the infrastructure bottlenecks in West Texas a global concern. There is […]
Saudi Arabia Won’t Bring 2 Million Bpd Online
Saudi Arabia Won’t Bring 2 Million Bpd Online President Trump said in a tweet on Saturday that Saudi Arabia agreed to boost oil production by 2 million barrels per day (mb/d), a claim that surely came as news to the Saudis. ✔ Just spoke to King Salman of Saudi Arabia and explained to him that, […]
Mexico’s New President Has The Energy Sector On Edge
Mexico’s New President Has The Energy Sector On Edge Mexico’s historic energy reforms are now in focus with a change in administrations on the way. Andrés Manuel López Obrador (AMLO) won a landslide victory in Mexico’s presidential election on Sunday, and appears poised to win majorities in both houses of Congress, granting him sweeping power […]
Can Trump Counter Soaring Gasoline Prices?
Can Trump Counter Soaring Gasoline Prices? Oil prices surged to their highest level in more than three years on Thursday, as the number and volume of supply outages continues to rise. The odds of a significant shortfall in supply are also growing by the day. With U.S. midterm elections nearing, the more oil prices continue […]
The Saudis Won’t Prevent The Next Oil Shock
The Saudis Won’t Prevent The Next Oil Shock Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high […]
Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil
Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil The Trump administration is going to extreme lengths to disrupt as much oil from Iran as possible, and the implications for the oil market could be severe. When the Obama administration sought to isolate Iran, it built an international coalition, put in place tight […]
