Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

Geopolitics / International

  • Global Energy Advisory April 22nd 2016

    Politics, Geopolitics & Conflict • Oil fields in northern Syria are now nominally under the control of the Syrian Kurds. Most of these resources are in Deir ez-Zor, in the Rojava region. The Islamic State stepped in around mid-2014 to attempt to take over these oil resources, whose control was ambiguous and in many cases tribal and individual (smugglers). The Kurds largely kept ISIS from destroying or assuming full control. Earlier this month, the Kurds seized the Rweshid oil field after pushing ISIS out of the Abu Khashab district in northeastern Hasakah province. This area remains very important to the…

  • Global Energy Advisory April 15th 2016

    Politics, Geopolitics & Conflict We spend a lot of time on Kurdistan because, while it’s not huge in the oil patch, where its oil ends up and how it gets there is of significant geopolitical consequence for the Middle East. And this past week has seen a lot of interesting activity in and around this venue. Most significantly, the authorities of the Kurdistan Regional Government (KRG) are believed to be fast-tracking talks with the Iranians to potentially set up an alternative route with a pipeline that would direct Kurdish oil to Iran. This idea has been bandied about rather half-heartedly…

  • Global Energy Advisory April 1th 2016

    Politics, Geopolitics & Conflict • With a great deal of help from Russia, the Assad regime has recaptured the strategic city of Palmyra from the Islamic State—a victory that should indeed to go the Russians, along with a smattering of Syrian special forces, Hezbollah forces, Iranian special forces and Iraqi Shi’ite militias. According to Assad, this victory, more than anything, demonstrated the half-hearted attempt by the global U.S.-led coalition fighting the Islamic State in Syria and Iraq. The Western media, of course, does not know how to deal with this as the gray areas are too wide. The problem they…

  • Global Energy Advisory March 18th 2016

    Politics, Geopolitics & Conflict • Kurdish Peshmerga forces, Shi'ite militia’s and Iraq's army are reportedly preparing to launch a joint offensive against the Islamic State (ISIS) in and around the oil-rich region of Kirkuk in the disputed territories of Northern Iraq. The joint operation is hoping to get closer to Mosul, which is the largest city in Iraq still held by ISIS. Last month, Peshmerga forces retook a small crude oil station near the northern Iraqi city of Kirkuk which Islamic State insurgents seized. State-run North Oil said that the militants had seized a crude oil separation unit in Khabbaz…

  • Global Energy Advisory 4th March 2016

    Politics, Geopolitics & Conflict • Several situations have combined to see a reduction in Iraqi oil sales and exports for February, though exports are still at record highs. Exports from Turkey’s port of Ceyhan remain blocked—as of 16 February. These exports include those controlled by the Kurdistan Regional Government (KRG) in the Kurdish region of Iraq as well as crude from Kirkuk in northern Iraq, coming from the central government’s North Oil Company (NOC). A section of this pipeline has been rendered inoperable and has cost the KRG—for one--$200 million so far. An explosion on this pipeline two weeks ago…

  • Global Energy Advisory February 26th 2016

    Politics, Geopolitics & Conflict • Our boots on the ground say that Libya’s Special Deterrence Force (Radda) in Tripoli has arrested the Islamic State’s (ISIS) newly appointed “prince” in Sabartha, which is just 60 kilometers west of the capital, Tripoli. The special forces stormed a farm where Mohamed Saad Tajuri (aka Abu Suliman) and his group were hiding out. Abu Suliman and his underlings represented ISIS’ new leadership in the Libyan coastal town of Sirte, which the group controls, along with hundreds of miles of coastline. ISIS is carving a path to the Libyan interior now, heading towards the oil-producing…

  • Global Energy Advisory 29th January 2016

    Politics, Geopolitics & Conflict • Despite the oil price slide, Iraqi Kurdistan remains one of the cheapest places in the world to produce crude oil. This venue is wracked with problems that range from the ISIS threat and budgetary problems to an ongoing rift with Baghdad over Iraqi federal budget money and the Kurds’ unilateral export of oil. But there is still a silver lining if the Kurds can keep things together under intense domestic and regional pressures. Genel Energy says it’s producing at $1 a barrel, so the company—one of the most important on the scene here—can withstand late…

  • Global Energy Advisory January 22nd 2016

    Politics, Geopolitics & Conflict • Iraq’s oil-rich Basra continues to struggle with a conflict among rival Shi’ite tribes that threatens to spiral out of control to the point that Baghdad sent in a strike force to quell the unrest. The bulk of the unrest is close to two major oilfields—West Qurna and Majnoon. If the foreign giants operating these fields were shrugging off the multiple threats to their assets before, they shouldn’t be so dismissive now, though they continue to be in denial. This is not an area close to the fighting with the Islamic State, but the conflicts feed…

  • Global Energy Advisory 15th January 2016

    Politics, Geopolitics & Conflict Turkey, Game is Up You should be worried about Turkey. Two suicide attacks—one perpetrated by the PKK and one by ISIS—demonstrate why you should be worried, if you weren’t already a believer. We spent a lot of time already detailing the dangerous double game Turkey is playing. Now we see the results, and we expect more attacks in Turkey on both fronts. Earlier this week, ISIS struck in Istanbul—right at the heart—targeting a popular tourist area and killing 10 German tourists. Two days later, a truck bomb courtesy of the Kurdistan Workers Party (PKK) struck at…

  • Global Energy Advisory 8th January 2016

    Politics, Geopolitics & Conflict This week, there is nothing more critical than the extension of the Sunni-Shiite conflict into a much more significant proxy war between Saudi Arabia and Iran. As many will have already noted, the outlook for oil prices in light of this is bearish because for the first time in decades, OPEC has no chance of coming together in a unified position and we cannot get past the supply glut for now. But on a conflict level, this proxy war indicates more than anything that things have spiraled out of control. We have noted in previous briefings…

Martin tiller