Crude oil futures dropped about 5% on reports from a London-based news agency that there has been progress made in direct discussions between the United States and Iran for a
Iranian officials negotiating in Vienna to limit the country’s nuclear program in exchange for a lifting of sanctions, including on its critical oil exports, have struck an optimistic tone on
Among the series of meetings that were held by China’s State Councilor and Foreign Minister Wang Yi with the foreign ministers of numerous middle eastern countries between January 10 and
China’s National Development and Reform Commission (NDRC) submitted its 2022 crude oil and refined oil product import, export, and output goals to the State Council in late December. These NDRC
US Secretary of State Tony Blinken warned yesterday that “there is a limited runway” for a return by Iran to the Joint Comprehensive Plan of Action (JCPOA) nuclear accord that
The United States and Iran stood at the brink of all-out war barely 72 hours ago — and blinked. *** But we understand the decision to stand down by both
On the heels of the precision strike on Baghdad International Airport personally authorized by US President Donald Trump last night that killed Major-General Qasem Soleimani, Iran’s Revolutionary Guard Corps Quds
In the wake of President Trump’s decision to withdraw the US from the Joint Comprehensive Plan of Action and impose harsh new sanctions on Iran, Beijing has undertaken a number of diplomatic
US President Donald Trump has made no secret of his disdain for the 2015 nuclear accord negotiated by the Obama Administration between the “P5+1” – comprised of the UN Security Council permanent five members, US,
For all the skepticism and angst over hedge fund longs going into last weekend’s Doha meeting, crude oil markets have displayed impressive resiliency in the days since despite the failure
All else being equal, things could have been a lot worse after the debacle in Doha. Oil prices are reasonably stable the morning after, supported perhaps by the Kuwaiti oil
Right up to the final moments of the long oil producers meeting in Doha today, most of the oil officials at the Sheraton were still expecting Saudi oil minister Ali
After all these long months of posturing and public vows, the flushing out of positions and back channel negotiations, the efforts to underpin a higher equilibrium in oil prices has
Oil prices remain under pressure today after Friday’s sharp selloff as doubts continue to linger over Saudi oil policy in the wake of the remarks by Saudi Deputy Crown Prince
Oil prices are reeling in the wake of the bombshell assertions reportedly made by Saudi Deputy Crown Prince Mohammed bin Salman that the Kingdom will not continue to participate in
The resignation of Iraqi oil minister Adel Abdul-Mahdi will not have any impact on the April 17 meeting of OPEC and non-OPEC oil ministers in Doha to ratify and broaden
Three essential points to clarify the politics of the efforts to broaden the oil output freeze in the wake of the meeting in Tehran between Russian oil minister Alexander Novak
The volatility in oil prices in the wake of the way Saudi Oil Minister Ali al-Naimi’s remarks in Houston at the annual IHS CERAWeek conference have been reported warrants a
For all the trial balloons that were being floated through recent days, mostly by lower level oil officials around the globe talking up the prospects of an OPEC meeting and
With today’s modest upward turn in crude prices, there are indications Saudi policymakers are eyeing ways to lend support to stabilizing oil prices, sensing a near bottom to the renewed
