Saudi crude oil exports are in freefall
Crude oil exports have sharply declined in August as the kingdom leads the efforts of the OPEC+ alliance to reduce production and support oil prices....
Category: Commodities
European gas surges as Chevron receives a strike notice in Australia
Natural gas prices in Europe have surged after Chevron announced strikes at its liquefied natural gas export plants in Australia. Unions have initiated protest action...
The New Geopolitics of Oil
Fueled by the war in Ukraine, oil prices had surged above $100 a barrel to levels last seen in 2014. With recessionary prospects, prices have...
OPEP+ decision: are we back in the 70s?
OPEC+ has announced a surprise cut in oil production of more than one million barrels per day, abandoning previous assurances that it would maintain stable...
Oil may rise again in the second part of the year
Russia’s plan to reduce oil production by 500,000 barrels per day in retaliation for sanctions, if kept beyond June, will tighten the market, exacerbating the...
Gas prices could soar again at the start of summer
Europe’s gas supply could be at risk again in the coming months. China has lifted the strict Covid restrictions that dampened its energy demand last...