It seems clear that all producers will benefit from rising prices following the decision of US president Donald Trump this week to impose sanctions on Iranian oil exports within 180 days. Conversely, it would be reasonable to expect that consuming nations will suffer from high oil prices.
May 10, 2018
Too much have been said in recent days about the impact of a new round of US sanctions on the Iranian oil sector.
No doubt that any sanctions on Iran oil shipments will lead to higher oil prices, but Iran isn’t the only source of risk nowadays.
May 06, 2018
Saudi Aramco’s new board of directors marks a new landmark for the company’s corporate governance, with the addition of international oil executives, including its first female board member.
April 29, 2018
Saudi oil production turned 80 years old on March 4, as the day when California Arabian Standard Oil Co., CASOC, struck oil from its seventh drilled well at the Dammam field.
April 20, 2018
This year will mark the 15th anniversary of the launch of the first gas venture between Saudi Aramco and international oil companies.
April 07, 2018
When I read the recent comments of Saudi Crown Prince Mohammed bin Salman that OPEC is in talks with Russia to extend the current cooperation between the two for another decade or two, I immediately remembered Buzz Lightyear’s famous line in Toy Story: “To infinity and beyond.”
March 31, 2018
Last year, I wrote a column in this newspaper saying that oil market rebalancing was becoming a moving target. The situation hasn’t changed.
March 24, 2018
Every February in London, the Energy Institute hosts International Petroleum Week, or IP Week, giving the biggest names in the oil industry a chance to gather and discuss the future and current state of the oil market.
March 03, 2018