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May 14, 2020

Coronavirus
The Elements Unfold: A Possible Bottom to Oil Prices

The process of going into lockdown due to the coronavirus pandemic has been revealing, especially in regards to oil. There are many elements to the smooth operation of global oil logistics that are n…

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020.

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.

April 6, 2020

Oil and Petroleum Products
Oil Ground Zero: Running Out of Storage

In recent days, the Donald J. Trump administration appears to have been sending mixed messages about oil. Typically, low oil prices can be a stimulus to the U.S. economy, but that is in situations wh…

 A local mural takes on new meaning while a United Parcel Service (UPS) delivery truck pauses at a traffic light, as the spread of coronavirus disease (COVID-19) continues in Washington, U.S., March 27, 2020.

June 26, 2020

United States
Five Foreign-Policy Movies with Women in the Lead

Each Friday this summer, we suggest foreign-policy-themed movies worth watching. This week: films that feature women at the helm. 

Movies clockwise from the top left: Carve Her Name with Pride/IMDB; Eye in the Sky/Bleecker Street; Paradise Road/SBS; Atomic Blonde/Script; Zero Dark Thirty/Empire; A Private War/IMDB.

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

March 10, 2020

Saudi Arabia
Why Current Saudi-Russia Oil Price War Is Not Déjà Vu

It’s happened several times before: geopolitical tensions between Saudi Arabia and Russia have led to a dramatic drop in oil prices in years past. But the breakdown in Saudi-Russian cooperation in oi…

A gas station worker wearing a protective face mask sits next to a petrol station, after Saudi Arabia imposed a temporary lockdown on the province of Qatif following the spread of coronavirus, in Qatif, Saudi Arabia March 9, 2020. REUTERS/Stringer

February 24, 2020

Coronavirus
The Coronavirus, Oil, and Global Supply Chains

As nations prepare for a possible health emergency, world leaders are realizing that the new coronavirus is going to be harder to contain than previously hoped. Mobilization is continuing, and concer…

An empty street is seen after a coronavirus outbreak, in Milan, Italy February 24, 2020.

February 12, 2020

Coronavirus
Concerns Over the Coronavirus Spread to the Oil Industry

The first priority in addressing the coronavirus is preserving global health. Lessons from the past show that the herculean task requires timely and credible action by governments, coordinating leade…

A security guard closes a gate at the Sihui Long Distance Bus Station in Beijing after the city has stoped inter-province buses services as the country is hit by an outbreak of the new coronavirus, January 26, 2020.

January 8, 2020

Iran
Iranian Interests, Iraqi Oil, And The U.S. Response

My grandmother had a saying: “Think before you speak.” The saying, said to me and my brothers as children, was intended to help us avoid mindlessly blurting out something we would later regret. I can…

DATE IMPORTED:January 06, 2020People attend a funeral procession for Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis, who were killed in an air strike at Baghdad airport, in Tehran, Iran January 6, 2020.

November 22, 2019

Iran
Reports of Oil’s Demise May Be Premature

I have a rule of thumb on the oil price cycle: When commentators start using the word “never” we are typically at the brink of a cycle shift. For a while now, oil prices have been stuck in a range. T…

Iraqi demonstrators block the entrance of Khor al-Zubair commodities port during the ongoing anti-government protests, near Basra, Iraq November 19, 2019.