• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 19 mins U.S. Presidential Elections Status - Electoral Votes
  • 1 day Locked Thread on the election
  • 18 hours Mail IN Ballot Fraud
  • 8 hours Michael Moore Cranking Up Planet of the Humans Again
  • 8 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 1 day “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 1 hour Censorship in USA
  • 1 day British PM Eyes Banning Gasoline and Diesel Car Sales
  • 2 days San Francisco Imposes Natural Gas Ban
Editorial Dept

Editorial Dept

More Info

Premium Content

Oil Markets On Edge As Tensions Mount In The Middle East

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…





Leave a comment

Leave a comment




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