• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 5 hours Science: Only correct if it fits the popular narrative
  • 1 hour Crazy Stories From Round The World
  • 17 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 22 hours EU has already lost the Trump vs. EU Trade War
  • 15 hours China's Renewables Boom Hits the Wall
  • 2 days ''Err ... but Trump ...?'' *sniff
  • 6 hours Do The World's Energy Policies Make Sense?
  • 16 hours Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 9 hours Impeachment Nonsense
  • 2 days Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 2 days Tesla Launches Faster Third Generation Supercharger
  • 21 hours Water, Trump, and Israel’s National Security
  • 2 days Passerby doused with flammable liquid and set on fire by peaceful protesters

Breaking News:

Russia Plans To Boost Crude Oil Exports

Alt Text

In Pursuit Of The Perfect Fuel

Dark matter is arguably the…

Alt Text

The $75 Billion Indicator That Might Reveal Aramco’s True Value

Saudi Aramco’s much-anticipated initial public…

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