After weeks of threatening to bar Russia from access to the international financial system of SWIFT, Western governments have concluded that Putin’s war in Ukraine needs severe repercussions. Western...Oil markets will see Bulls ruling longer, while Bears hopes shatter
Global oil markets are still trying to reassess their options, as fundamentals and geopolitical issues have become a poisonous mix. Even with possible developments related to the Iran JCPOA...Aramco results show troubling times until end of 2021 for national oil companies
The world’s largest oil and gas company Saudi Aramco released its third quarter results Tuesday, painting a bleak picture for the world’s national oil companies.Even the Saudi Arabian giant, the...Oil and OPEC: Step aside Seven Sisters, it’s time for the Seven Brothers
OPEC producers stand at the precipice of unprecedented opportunity while international oil companies stagger from the fallout of COVID-19.The current discussion in energy markets, exaggerated by...The US created a deathtrap for its own oil industry in Cushing, Oklahoma
The onslaught of frenzied selling of US crude oil this week, which seems to be continuing even after the expiry of the May futures contract, will reshape global oil markets but also the future of the...OPEC should follow the Art of War: ‘Wait and do nothing’
Riyadh was right to call the bluff of US President Donald Trump by calling a meeting of all oil producers as coronavirus lays waste to the global market.Latest reports indicate that the virtual...Forget US shale, Russia will be the main victim of the OPEC+ spat
Analysis of the ongoing Saudi-Russian price and market share battle is predominantly looking at Saudi Arabia, indicating that the current stand-off will be very negative for the Kingdom. Assessments...Libya’s Haftar moving towards a military victory as Europe pushes for peace
General Khalifa Haftar and the Libya National Army (LNA) is edging ever closer to a military victory in the civil war even as world powers push the warring parties towards peace. Haftar, the...