• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 3 hours Indonesia Stands Up to China. Will Japan Help?
  • 2 hours Shale Oil Fiasco
  • 3 hours Might be Time for NG Producers to Find New Career
  • 6 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 7 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 8 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 30 mins Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 8 hours Beijing Must Face Reality That Taiwan is Independent
  • 2 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 7 hours China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 1 day US Shale: Technology
  • 2 days Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
Alt Text

Bankruptcies In U.S., Canadian Oil Jump 50% In 2019

Bankruptcies among U.S. and Canadian…

Alt Text

The Shipping Industry’s $1 Trillion Problem

The global shipping industry is…

Alt Text

Goldman: China Coronavirus Could Push Oil Down By $3

The outbreak of a coronavirus…

Editorial Dept

Editorial Dept

More Info

Premium Content

Oil Markets Must Prepare For Maximum Fear

Oil prices this week are responding to what we call a “fear premium” based on tensions in the Middle East sparked by a very vague claim of “sabotage attacks” on Saudi oil tankers off the coast of the UAE. But with the Middle East being what it is - an eternal tinder box that external powers like to shake up every now and then - the so-called fear premium tends not to last, even under a U.S. president with a dangerously loose grip on foreign policy. Speculators have rather short attention spans when it comes to geopolitics, which is why prices settled down on news of growing U.S. crude inventory on Tuesday and Wednesday, before returning to the fear premium as OPEC prepared to convene over Middle East tensions. Speculators don’t make long-term bets on war, necessarily. Instead, they bet on whatever will dominate the media as they know that it is the media that shapes oil market narratives.

On the Oil Front:

The “fear premium” moved to Iraq this week, with Washington evacuating non-emergency personnel in a move that has prompted the operators of mega oil projects in Iraq to closely monitor the situation for fear of a breakdown in security over Trump’s warmongering with Iran. Reports that Exxon was actually evacuating staff have not been confirmed by the oil giant itself, and claims of intelligence indicating a potential Iranian attack are vague at best.

Why Iraq, exactly? While Iran cannot take on the US in a…




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play