OPEC+ extends oil supply cuts
OPEC+ has extended its oil supply cuts until mid-year to avoid a global surplus and support prices. The restrictions, totalling around 2 million barrels per...
Category: Commodities
Oil in 2024
Despite constant bearish talk about energy demand, global oil consumption increased by 2.3 million barrels per day in 2023. The final stage of the post-Covid-19...
Westerms contradictions
At a time when a new source of misunderstanding is emerging between the Western world and the rest of the world concerning the crisis in...
The crisis in the Middle East: a risk to the global economy?
Like past wars in the Middle East, the conflict between Israel and Hamas that erupted last week could potentially disrupt the global economy and even...
Saudi Arabia: The Biggest Winner in the Middle East Crisis
The Hamas attack on Israel, which derailed the main diplomatic initiative of Saudi Crown Prince Mohammed bin Salman, a three-way agreement involving the United States...
Oil and the Dollar, a Dangerous Mix for Global Growth
Can the global economy withstand a $100 per barrel oil price next year? Because a triple-digit price wouldn’t just mean higher energy prices but also...
Europe, a new gas threat for the winter
As Europe seeks to import liquefied natural gas to fill the gap left by Russia, new sources of supply may be ready after winter. Straddling...
Oil above one hundred dollars, a new normal for the West?
In the oil world, there is not a single price. The financial market focuses on Brent and WTI, traded in London and New York, respectively....
Saudi crude oil exports are in freefall
Crude oil exports have sharply declined in August as the kingdom leads the efforts of the OPEC+ alliance to reduce production and support oil prices....