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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Geopolitics / International

Is Saudi Arabia’s Post-Oil Future Realistic?

Dec 22, 2017 at 13:25 | Irina Slav

In case anyone had any doubts that Saudi Arabia has very ambitious economic growth plans, the 2018 budget, announced earlier this week by King Salam, must have dispelled them. The…

U.S. Slaps Sanctions On Israeli Oil Billionaire

Dec 22, 2017 at 09:24 | Irina Slav

The U.S. Department of Treasury has issued sanctions against Israeli billionaire Dan Gertler on allegations of human rights abuse and corruption. Gertler is a senior adviser to the Fleurette…

How Low Oil Prices Have Decimated The Saudi Economy

Dec 20, 2017 at 12:34 | ZeroHedge

Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia - Aramco -…

Will Libya Be First To Ditch The OPEC Production Deal?

Dec 11, 2017 at 11:57 | Irina Slav

Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has…

Moscow Braces For More U.S. Sanctions

Dec 08, 2017 at 17:21 | The Jamestown Foundation

Whatever friendly feelings United States President Donald Trump might personally hold toward Moscow, the anti-Russian policy of his administration is even bolder than the course set in the last year…

Fear Will Drive Oil Prices Higher In 2018

Dec 05, 2017 at 11:56 | Robert Rapier

The price of oil has always been driven by cycles of fear and complacency. During the cycle of fear, geopolitical events can send the price of oil soaring. During the…

Iran’s Elaborate Sanction-Skirting Scheme

Dec 01, 2017 at 17:36 | Irina Slav

Turkish authorities and banks cooperated with Tehran in the development of a scheme aimed at providing Iran with international markets for its gas in exchange for hard currency that was…

The Geopolitical Video Game

Dec 01, 2017 at 17:22 | Gail Tverberg

The way the world economy is manipulated by world leaders is a little like a giant video game. The object of the game is to keep the world economy growing, without…

Vienna Is The Ultimate OPEC Smokescreen

Nov 29, 2017 at 17:28 | Cyril Widdershoven

The OPEC circus continues to make headlines. All the five-star hotels are booked, as market analysts fervently examine their glass balls to predict the outcome of Thursday’s big meeting. Again,…

3 Questions For OPEC On The Eve Of Extension

Nov 29, 2017 at 17:24 | Nick Cunningham

On the eve of the OPEC meeting, all signs point to a significant extension of the production cuts, although some key details remain unclear. In the past, these gatherings in…

Meet The World’s Most Powerful Bitcoin Backers

Nov 27, 2017 at 16:28 | James Stafford

Cryptocurrency may be one of the biggest threats to governments, security and the entire financial system that we’ve ever seen. It can help fund terrorism and its anonymity makes it…

Saudi Corruption Crackdown Could Permanently Boost Oil Prices

Nov 21, 2017 at 11:57 | Cyril Widdershoven

The Middle East is heading for a major showdown, if statements made by Saudi Crown Prince Mohammed bin Salman (MBS) and UAE’s minister of Foreign Affairs Gargash are to be…

Oil Price Drop Imminent If Moscow Says “No” To Extension

Nov 20, 2017 at 15:32 | Irina Slav

As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the…

Fuel Crisis Hits Kazakhstan Hard

Nov 17, 2017 at 17:10 | The Jamestown Foundation

Despite being the second-largest oil producer and exporter in the former Soviet Union, only behind Russia, Kazakhstan has been historically plagued by chronic deficits of fuel for domestic consumption. National…

Saudi Arabia’s Risky Market Share Sacrifice

Nov 16, 2017 at 15:37 | Zainab Calcuttawala

The 600,000 barrels per day Port Arthur refinery has exclusively processed Saudi Arabian crude since 1988, when Saudi Aramco first bought a stake in the facility—the largest of its kind…

Bahrain Security Forces Foil Attacks On Three Oil Pipelines

Nov 16, 2017 at 09:11 | Irina Slav

Bahrain’s security forces have prevented a terrorist attack on three oil pipelines as well as attacks on public figures, the Chief of the country’s Public Security, Major General Tariq al-Hassan…

Trump Offers To Mediate South China Sea Dispute

Nov 15, 2017 at 14:10 | Tsvetana Paraskova

Reining in North Korea and discussing bilateral trade with China were at the top of U.S. President Donald Trump’s Asian tour agenda. But after he left Beijing and visited Vietnam,…

China’s Mysterious Arctic Silk Road

Nov 15, 2017 at 11:56 | ZeroHedge

The Silk Road, renamed the Belt and Road Initiative (BRI), is developing infrastructure along land and sea trade routes. However, little is known about China’s initiative in the Arctic Circle,…

The War That Would Transform Oil Markets

Nov 13, 2017 at 17:16 | Nick Cunningham

A fire erupted at an oil pipeline connecting Bahrain and Saudi Arabia, and the two Arab allies are pointing the finger at Tehran. Iranian officials denied any involvement, but…

What Russia’s Middle East Strategy Is Really About

Nov 10, 2017 at 16:47 | ISN Security Watch

A new balance of power is solidifying in Syria. Iran, Turkey and Russia have all played a role in the conflict there – jockeying for position and even agreeing in…

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