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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Osama Rizvi

Contributor since: 07 Dec 2016

Osama Rizvi

Osama Rizvi is an Economic and Energy Analyst with a special focus on commodities, macroeconomy, geopolitics, and climate change. He has written for various print and digital media outlets across the world such as The Diplomat Magazine and Oilprice. He is a regular panelist at Asharq with Bloomberg, TRT World, and other media news outlets where he talks about energy and the economy. His analysis focus on the bigger picture where he tries to highlight the economic, political, and geopolitical dimensions of certain issues.

Latest articles from Osama

  • Charting the Course of U.S. Oil Production

    Published 19 February 2024 | viewed 10,006 times

    Despite facing significant challenges in recent years, the US remains the largest oil producer in the world and set a new annual production record in 2023. The…

  • Can The Current Oil Price Rally Really Last?

    Published 09 August 2023 | viewed 14,523 times

    Oil prices have recently experienced a notable surge, marking a shift from their extended stay in bearish territory. A combination of OPEC+ committing to output…

  • The Bearish Case For Oil Markets

    Published 07 July 2023 | viewed 10,989 times

    In my commentary for Oilprice.com in April, when OPEC+ surprised the markets with production cuts, I maintained that many were misinterpreting the development, as it…

  • Pakistan Has Bought Its First Russian Oil Cargo. Now What?

    Published 20 April 2023 | viewed 7,705 times

    Pakistan has placed its first order for discounted Russian crude oil, a move that could potentially reduce the country's reliance on Middle Eastern oil producers.…

  • Oil Markets Are Misinterpreting The OPEC+ Cut

    Published 05 April 2023 | viewed 48,866 times

    The surprise announcement by OPEC+ of another production cut totaling 1.16 million barrels per day caused oil prices to rally 8%. I previously wrote about…

  • Why Pakistan Is Praying For Warm Weather In Europe

    Published 08 February 2023 | viewed 14,806 times

    Pakistan, along with other developing nations, has experienced a flurry of crises since the pandemic. A vicious combination of fiscal, social, and energy issues has…

  • Why Demand Destruction Is More Worrying Than A Supply Crunch In Oil Markets

    Published 15 November 2022 | viewed 19,286 times

    It seems that the global economy has been in a continuous state of flux this year. The headlines are repetitive to the point of being…

  • Is The Russian Oil Price Cap Worth It?

    Published 08 September 2022 | viewed 5,673 times

    The Russo-European gas war entered a new phase recently when Russia’s Gazprom announced that they will halt the flow from Nord Stream 1 indefinitely (I…

  • Soaring Energy Prices Spell Disaster For Pakistan

    Published 14 July 2022 | viewed 6,903 times

    It seems that there is no end in sight for the Russia-Ukraine War, with tensions more likely to escalate rather than thaw. Finland and Sweden…

  • Solving The Energy Transition Conundrum

    Published 11 July 2022 | viewed 4,626 times

    The COP26, held in Glasgow last year, saw participating countries pledge that they will wean themselves off coal, a promise that has seen very limited…

  • How The EU Plan To Ban Russian Oil Could Cause Stagflation

    Published 30 May 2022 | viewed 9,065 times

    The war in Ukraine has highlighted the depth of global connectivity and interdependence, exposed the energy security of Europe, and put the post-Pandemic economic recovery…

  • Could The Iran Nuclear Deal Bring Oil Back Down?

    Published 24 February 2022 | viewed 10,758 times

    On Thursday morning, the 24th of February 2022, Putin gave a short speech in which he ordered a “special military operation” in the eastern region…

  • Three Bearish Factors Facing Oil Markets In 2022

    Published 01 December 2021 | viewed 13,962 times

    Just when the world started to embrace some normalcy in terms of the global economy and social mobility, a new variant from South Africa, technically…

  • The One And Only Way To Avoid A Climate Crisis

    Published 31 August 2021 | viewed 5,254 times

    For anyone still in doubt about climate change, the recent floods and unusual heat waves around the globe will be difficult to ignore. Floods in…

  • Why Oil Prices Won’t Hit $100

    Published 04 July 2021 | viewed 32,230 times

    A remarkable oil rally has seen oil prices climb almost 34 percent so far this year. Bullish sentiment is now driving speculation of $100 oil…

  • The Difficult Truth About Decarbonization

    Published 13 April 2021 | viewed 4,647 times

    A recently released report by Carbon Tracker claims that fossil fuel-reliant countries will see a 51% drop in oil and gas revenues in the next…

  • Fossil Fuels Will Continue To Dominate For Decades To Come

    Published 18 March 2021 | viewed 12,464 times

    The stone age didn’t end due to a lack of stones, and the oil age will end long before the “world runs out of oil”.…

  • A Key Fracking Indicator Just Hit Record Lows

    Published 24 February 2021 | viewed 12,800 times

    Oil prices have staged an extraordinary rally in the last three months, rising by 50%. Biden’s presidency, the vaccine rollout, a weak dollar, low interest…

  • Will Oil Demand Recover In 2021?

    Published 09 January 2021 | viewed 21,942 times

    Oil prices are rallying aggressively on the back of Saudi Arabia’s surprise cut and optimism over the rollout of vaccines across the world. News of…

  • Three Catalysts That Will Control Oil Prices In 2021

    Published 19 November 2020 | viewed 6,943 times

    In recent weeks, there have been some wild swings and speculation in the oil market. The two most influential developments have been Joe Biden’s victory…

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