The European Union and United…
Kazakhstan and Azerbaijan are strengthening…
In what some saw as a sign of OPEC’s growing irrelevance in the world of oil, Venezuela’s Oil Minister Manuel Quevedo will take the helm of the cartel beginning next…
The specter of a rumored U.S. military buildup in Cyprus that would draw a major Russian response now adds to the ongoing Greek Cypriot-Turkish conflict over the island and the…
Here we go again: Iranian President Hassan Rouhani has once again threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it's a key…
The U.S. Senate took a dramatic step on Thursday, moving to block U.S. involvement in the Saudi war in Yemen and sending a powerful message to Riyadh that the…
U.S. president Trump is facing strong internal pressure to punish Saudi Arabia in the coming days. For Washington, however, this could be a double-edged sword, as turning on Saudi Crown…
Iran’s president Hassan Rouhani said on Monday that the country will continue to export oil despite fresh U.S. sanctions, which he described as “psychological war doomed to failure.” “We…
A month after President Donald Trump announced that the United States was withdrawing from the Iran nuclear deal and re-imposing sanctions on Tehran’s oil, Iran’s archrival and OPEC’s de facto…
The full impact of U.S. sanctions on Iran is still to be assessed, as major underlying factors remain opaque. OPEC’s current fear of an oil glut in 2019, as indicated…
Oil prices are now down over 20 percent from recent highs, and President Trump knows exactly where the credit for that belongs. “If you look at oil prices they’ve come…
Australia’s reliance on its giant trading partner China could get a little stickier going forward. Yesterday, Australia’s new Prime Minister Scott Morrison pledged to increase his country’s military and…
Where some see hardship, others see opportunity. Russia’s most valuable export products are oil and gas of which the top producers are Rosneft and Gazprom, respectively. The latter’s dominant position…
The resumption of wide-ranging American sanctions on Iran promises economic uncertainty for the Islamic Republic’s neighbors in the Caucasus: Azerbaijan, Georgia and Armenia. Washington's goal of reducing Iran's oil exports…
The Trump administration has finally faced up to what many knew all along: It won’t be able to take Iran’s oil exports down to zero. The U.S. is set to…
-Geopolitical analyst for global consulting firm-China-focused consultant for Fortune 500 companies and major international institutions-High-level Turkish government sources in Ankara-Top aide to Turkish deputy foreign minister-Turkish…
After years of reticence to reengage as the situation in Libya increasingly spiralled out of control, the European powers—and particularly France and Italy—are finally wading into the debate over how…
Azerbaijan and Turkey have further strengthened their already close relations with the formal commissioning of the first Azerbaijani-built oil refinery in Turkey. For an estimated $6.3 billion, the new 10 million…
OPEC’s biggest producer and de facto leader Saudi Arabia hopes that the cartel and its Russia-led non-OPEC partners in the production cut deal will sign an ‘open-ended’ cooperation deal when…
After the resurgence of the U.S. oil industry in recent years due to hydraulic fracking and the shale oil revolution, most thought the days of Middle Eastern oil producers, Saudi…
Iran is resurrecting its stock exchange, last used four years ago, to sell one million barrels of crude, the National Iranian Oil Company said in a statement quoted by…
Amid never ending talk and speculation over how many more barrels of Iranian oil will be removed from global markets once sanctions slated to hit Iran’s oil production on November…