• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 27 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 days Does Toyota Know Something That We Don’t?
  • 4 days America should go after China but it should be done in a wise way.
  • 9 days World could get rid of Putin and Russia but nobody is bold enough
  • 39 mins "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days China is using Chinese Names of Cities on their Border with Russia.
  • 20 hours Even Shell Agrees with Climate Change!
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 12 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 12 days Putin and Xi Bet on the Global South
  • 13 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Geopolitics and the Changing Oil Market

In the oil markets today there’s a lot to talk about, almost too much.  I have never seen such a disarray of geopolitical influences on the oil market at any other point in my 25-year career and it comes at a time when financial influences are similarly changing quickly.

Stay with me for a moment, because the only way I can get you to understand what’s happening in oil, now and in the future, is to get a little wonky on you and take you into my world of financial and not fundamental oil.  I outlined my career thesis on the oil markets in my 2011 book “Oil’s Endless Bid” but the most important point I made was that financial inputs into oil markets have been more critical to understand than even the most basic fundamental challenges of supply and demand.  That remains even truer today than in 2014.  

Here’s what I mean:  I could not, in perhaps even my wildest dreams, imagine an oil market that is under more geopolitical risk than it is today:  The Saudis are ever suspicious of the Iranians, with oil their only political lever; Iran cannot find a nuclear agreement that satisfies them and sanctions are again a looming possibility; Syria still smolders; The Russians have seen a commercial jet shot down in disputed airspace with an ex-Republic that controls virtually all of the EU’s energy supply; Libya’s oil supply is dependent on who’s controlling the ports this week and Israel saw…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News