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April 20, 2020

Financial Markets
OPEC Plus’ Zero-Sum Oil Game

Prior to the U.S. invasion of Iraq in 2003, international sanctions had severely curtailed Iraq’s oil industry. Oil production sat at 1.4 million barrels a day (b/d). Iraq’s beleaguered refining indu…

The Suezmax sized oil tanker Karvounis lies at anchor south of Port Fourchon, Louisiana, U.S.

May 25, 2018

Iran
The Complicated Geopolitics of U.S. Oil Sanctions on Iran

U.S.-Iranian conflict resolution is in flux following withdrawal from the nuclear deal, and it remains unclear whether sanctions will be sufficient to force Iran back to the negotiating table. A deeper dive into the energy realpolitik of the matter reveals a host of barriers to improving the status quo in the Middle East.

U.S. President Donald Trump speaks to reporters after signing a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, U.S. May 8, 2018.

March 19, 2020

Oil and Petroleum Products
Oil Price War: Is U.S. Shale The First To Blink?

As the oil price war continues, markets are hanging on every word coming from Washington, Moscow and Riyadh, amid signs that diplomacy could be afoot. A statement by the Kremlin’s presidential spokes…

Sarah Mandel (R) of Chadds Ford, Pennsylvania, and representing the organization Food and Water Watch, holds a banner as she takes part in a small anti-fracking protest in front of the White House in Washington November 3, 2015. Thanks to the fracking boom that has helped boost U.S. oil production 80 percent since 2008 and slashed the country's crude imports, the U.S. Strategic Petroleum Reserve is brimming. The world's largest supply of government-owned emergency oil holds 695 million barrels, the equivale

February 27, 2019

Energy and Environment
“Perceptions” about Oil or Demand Realities?

Amin Nasser, Chief Executive Officer of Saudi Aramco, whose shareholder is a sovereign nation, weighed in this week with a warning against U.S. and European activist shareholders who are making deman…

The chief executive of Saudi Aramco, Amin Nasser, speaks during an interview with Reuters in Dhahran, Saudi Arabia, December 13, 2017

March 4, 2015

United States
Psychology and the Oil Market

In his recent book, Market Madness: A Century of Oil Panics, Crises, and Crashes, our colleague Blake Clayton explains the role of market psychology in contributing to the wild price swings that h…

Psychology and the Oil Market