• 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
  • 9 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days They pay YOU to TAKE Natural Gas
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 3 days What fool thought this was a good idea...
  • 6 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 22 hours A question...
  • 12 days The United States produced more crude oil than any nation, at any time.
Body Heat: A New Source of Energy for Buildings?

Body Heat: A New Source of Energy for Buildings?

Governments and businesses are exploring…

Memorial Day Travel Expected to Near Record High

Memorial Day Travel Expected to Near Record High

Around 43.8 million Americans are…

Inflation Fears Keep Oil Prices Suppressed

Inflation Fears Keep Oil Prices Suppressed

The week began positively with…

Editorial Dept

Editorial Dept

More Info

Premium Content

Oil Markets On Edge As Tensions Mount In The Middle East

Warships

Oil prices got a slight 2% boost Friday when Iranians claimed that someone aimed suspected missiles at one of its oil tankers as it traversed the Red Sea, some 60 miles from Saudi Arabia, causing mild damage to the tanker itself and oil to spill into the Red Sea. There was no fire following the two explosions, the oil spill was brief, and the vessels are stable. The nature of the attack remains entirely unclear, as does its would-be motivations given that the attack appears to have been minimal in scope and scale. The entire region is experiencing a massive upheaval with the latest upset being a Turkish invasion of northern Syria after the US withdrew from the area and allowed Turkey to overpower its Kurdish allies in the region, much to Israel’s dismay.

Overall, oil is wallowing due to poor fundamentals, with OPEC cutting its oil demand growth forecast this week for the third consecutive month. Iraq may be on the brink of civil war and a possible staging ground for a US-Iran conflict, but oil prices simply don’t seem to care.

Why Investors Should Be Very Worried About Ecuador

Clients are always asking us to evaluate the vulnerabilities of foreign companies in certain emerging market industries, particularly the extractives. Few are willing to recognize the power of indigenous populations to rock these very lucrative boats. In Argentina, an indigenous movement is the most powerful threat to the mining and oil and gas industry; much more so than who wins presidential…





Leave a comment

Leave a comment




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