• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 8 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 6 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 3 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 11 hours Apology Accepted!
  • 2 hours Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 13 hours U.S. natural gas at major disadvantage in Europe and China.
  • 14 hours Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 hours Why Oil could hit $100
  • 2 hours The Political Genius of Donald Trump
  • 14 hours Putin Paid Militants to Kill US Troops
  • 19 hours CoVid in Spain, 9 months before China
  • 19 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
  • 19 hours The world is headed for big problems - interview with very smart economist

Breaking News:

OPEC Production Falls To Three Decade Low

The Long Road To Oil Demand Recovery

The Long Road To Oil Demand Recovery

As the United States slowly…

Big Oil’s Nightmare Is Coming True

Big Oil’s Nightmare Is Coming True

Royal Dutch Shell has followed…

Editorial Dept

Editorial Dept

More Info

Premium Content

Are U.S. Sanctions Killing Crude?

The biggest market disappointment this week is yet another false start for Saudi Aramco, and we’re not sure how many more the market will tolerate. Yesterday morning, Riyadh was all set to go ahead with the IPO. By the end of the day, the plug was pulled once again, with delays set to run into weeks and months as Aramco belatedly decided to further examine vulnerabilities in the wake of the September 14 attack on its facilities. This will be a further negative mark on MBS’ reputation. The delay will drag on until Aramco releases its Q3 results, which it’s hoping will give a favorable bump to its valuation. The problem is, no one knows when that will be. In the meantime, weighing on oil prices is China's economic growth - a determining factor in oil prices due to China's healthy appetite for importing crude oil - which slowed to 6% year over year for Q3. This is its weakest quarter in over 25 years and below what was expected.

How US Sanctions Can Kill US Crude

US sanctions on Iran and Venezuela were designed to force Iran to fall in line over the nuclear deal and for the Maduro regime to, well, collapse. Neither has happened. What has happened is record-low production for Venezuela and curbed oil export profits for Iran. But the sanctions seem to be hurting the oil industry more than anyone, starting in Asia and trickling all the way back to the US shale patch.

As sanctions begin to spill over into oil tankers, Asia is finding it hard to…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News