Dr. Namat Abu Al-Soof
Dr. Namat Al-Soof is an Iraqi oil expert with long experience in upstream and market analysis. He held senior analyst positions at OPEC, IEF in Riyadh, and OPEC FUND for International Development. Currently, he is a consultant to a number of companies in the oil industry.
How much Russian oil will continue to flow to Europe?
After weeks of difficult negotiations, European leaders have agreed to ban most imports of Russian crude and petroleum products by the end of this year.
Shortage of supply pushing oil prices higher
Last week, oil prices continued their rallies, as demand looks strong with the starting of the US driving season and the gradual reopening in China after two months of strict lockdowns in Shanghai. The prices also rose due to the worsening global oil supply picture.
Oil prices are at loggerheads with harsh economic realities
Last week, oil prices continued fluctuating in the range of $100-113 a barrel. During the week, there was news that moved prices up and down without changing the market’s medium-term outlook.
Which direction is the oil market heading?
Oil prices react in a peculiar way to market signals
Geopolitical tensions continue to dominate the oil market
Price volatility in the commodity market will remain high
After an extreme price rally between Feb. 25 and March 8, Oil markets entered a correction mode, with prices moving sharply lower as the rally's dynamics retreated.
Ukraine crisis makes oil at $130-150 a barrel very possible
The crisis in Ukraine has dominated the headlines in the past two weeks and will likely continue to do so until some form of settlement is reached. In the meantime, it has further enhanced the bullishness on the energy markets.
Market tightness leaves oil prices exposed to geopolitical risks
Over the past few days, reports that a deal to renew the Iran nuclear agreement might be close, sent oil prices lower, with the escalation of tensions over the conflict between Ukraine and Russia not offering significant support.
Oil prices remain at their highest amid growing supply fears
The psychological barrier of $100 for a barrel of oil, which until recently was viewed as remote, is now a stone’s throw away. On Friday, the price of Brent traded above $93 a barrel, an increase of more than 18 percent since the beginning of 2022.
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