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
Some days have passed, and the press coverage has long settled on Chinese President Xi Jinping’s highly choreographed trip to Saudi Arabia and regional tour de force which we also
On clear orders from European Union leaders from last week, EU energy ministers reached a deal yesterday on a cap on natural gas prices in Europe to limit gas price volatility
Covid Vaccinations A senior economic official in Beijing notes that hundreds of cities across the country are easing anti-Covid restrictions and are “optimizing Covid measures, striking a new balance between
The three main European Union countries that have been holding out for a lower, more aggressive price cap by the EU and G7 allies on imports of Russian oil via
Senior officials in Beijing offered the following comments separately on the OPEC+ decision on October 5 to cut production by 2 million barrels, military cooperation with Russia, and the recent
20th National Party Conference Beijing will soon announce a date for the long-anticipated 20th National Congress of the Communist Party of China (CPC). Our understanding is that it will be
US Treasury Secretary Janet Yellen has been tasked with the formidable challenge of selling a buyer’s cartel/oil price cap scheme to America’s major economic global counterparts when she travels to
The European Union is inching closer to a ban on purchases of Russian oil as part of a new package of sanctions on Russia for its invasion of Ukraine, and
The European Commission proposed a series of sanctions today that included a ban on all European Union purchases of Russian oil, be it crude or refined, via pipeline or tanker. But,
In a series of reports in March, we warned that the demand on March 23 by Russia’s President Vladimir Putin that going forward “unfriendly nations” pay for Russian natural gas
The European Commission proposed a fifth package of sanctions today against Russia over its invasion of Ukraine. Originally meant to be more of a maintenance and loophole closing package when
In an historic decision, European Union leaders will declare on Friday in Versailles, outside Paris, that they will phase out purchases of Russian gas, oil, and coal, because Moscow’s invasion
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
Saudi Arabia is likely to press at today’s OPEC+ meeting for a “calibrated” increase in the group’s crude oil output starting in April, staggering an easing of its own voluntary
Saudi officials are scrambling to pull together the last pieces of a high stakes, immensely complex new framework agreement to begin draining the vast excess of crude swamping the international
The tweet by President Donald Trump earlier this morning that he spoke to “my friend MbS (Crown Prince) of Saudi Arabia” and that he “expects and hopes they will be cutting back approximately 10 million barrels, and
China’s President Xi Jinping presided over a meeting of the Political Bureau of the Communist Party of China Central Committee on Friday morning in Zhongnanhai, Beijing, to refine a series of COVID-19
