Citigroup Says 42% of Clients Have No Energy Transition Plan
Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for Credit Lyonnais, and later Director of Forex at Bank of Montreal. He was then Head of Weekly Publications and Chief Writer for Business Monitor International, Head of Fuel Oil Products for Platts, and Global Managing Editor of Research for Renaissance Capital in Moscow. He has written extensively on oil and gas, Forex, equities, bonds, economics and geopolitics for many leading publications, and has worked as a geopolitical risk consultant for a number of major hedge funds in London, Moscow, and Dubai. In addition, he has authored five books on finance, oil, and financial markets trading published by ADVFN and available on Amazon, Apple, and Kobo.
The spike in crude oil prices last week in the aftermath of Russia’s invasion of Ukraine has lent further urgency to the long-running efforts to…
The Supreme Court of the Federal Government of Iraq (FGI) in Baghdad has made two landmark legal rulings that have significant, if not catastrophic, implications…
Plans for a joint Saudi Arabia-China refining and petrochemical complex to be built in northeast China that were shelved in 2020 are now being discussed…
Saudi Arabia’s state-owned oil giant, Saudi Aramco, is in talks with senior external banking and legal advisers over the sale of up to another US$50…
At around the same time as Russian President, Vladimir Putin, had his first in-person meeting with his Chinese counterpart, Xi Jinping, for nearly two years…
The geopolitically critical positioning of the UAE’s Fujairah as an alternative global crude oil storage facility and transit hub to the perennially troublesome Strait of…
The US$27 billion four-project deal agreed last year between French energy supermajor, TotalEnergies, and Iraq’s Oil Ministry is set to move into its ‘execution phase’…
A core strategy of both the U.S. and China in securing the dominant influence in the Middle East is to hold sway over the region’s…
China has continued to press home the geopolitical advantage given to it in Iraq following the official end of the U.S.’s ‘combat mission’ in the…
U.S. presidents have long been made by their advisers to understand the dangers of benchmark oil prices staying above the US$75-80 per barrel (pb) level…
The new 20-year co-operation deal between Iran and Russia was not finalized at last week’s visit to Moscow of Iranian President, Ebrahim Raisi, and his…
Although Libya’s crude oil production is now re-approaching the 1 million barrels per day (bpd) level, according to various industry reports, the outlook for sustained…
Last week saw a series of meetings in Beijing between senior officials from the Chinese government and foreign ministers from Saudi Arabia, Kuwait, Oman, Bahrain,…
The UAE is focused on boosting its crude oil production to over 5 million barrels per day (bpd) by 2030 at the latest and becoming…
The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval…
The recent talks between Oman’s Assistant to the Chief of Staff for Operations and Planning, Brigadier Abdulaziz Abdullah al-Manthri, and the Chief of Staff of…
Given ongoing high and steady sales of crude oil to China and other Asian countries and the likelihood of a new iteration of the Joint…
A cornerstone of the U.S.’s strategy to counter the growing influence of China and Russia across the Middle East via Iran remains the relationship normalisation…
As great as Iran’s oil reserves are, its gas reserves are even greater, with official estimated proven natural gas reserves of 33.78 trillion cubic metres…
Now that its Guriyeh-Jask oil pipeline has been finalised, Iran’s core focus in any sanctions environment remains the ongoing development of its huge West Karoun…