International Energy Agency OMR
Demand got off to a strong start this year with global 1Q18 growth at over 2 mb/d, helped by cold weather in the northern hemisphere. Recent data, however, point to a slowdown, with Continue Reading
International Energy Agency OMR
Since our last report, OPEC oil ministers and ten non-OPEC oil ministers have met and agreed to achieve 100% compliance with the Vienna Agreement (i.e. they will increase production). What this means Continue Reading
OPEC June Production Data
All data below is from the OPEC Monthly Oil Market Report . All data is in thousand barrels per day and is through June 2018. The Republic of the Congo Continue Reading
Facing Threats at Home and Abroad, Iran’s President Takes a Harder Line
For much of his presidency, Hassan Rouhani has been at loggerheads with Iran’s military and conservative establishment, as he forged diplomatic ties with the West to break his country’s international Continue Reading
Vietnam data: June crude oil exports fall 68% on year, imports rise
Vietnam exported 313,503 mt (76,599 b/d) of crude oil in June, down 67.5% from a year earlier, according to preliminary customs data released Wednesday. Receive daily email alerts, subscriber notes Continue Reading
Uzbekistan gives green light to nuclear power plant project
The Uzbekistan government and Rosatom have reached an agreement to build the first nuclear power plant in the country, with commercial operations targeted to start by 2028, in an effort Continue Reading
U.S. oil exports to India soar ahead of sanctions on Iran
U.S. crude oil exports to India hit a record in June and so far this year are almost double last year’s total as the Asian nation’s refiners move to replace Continue Reading
Oil’s Perfect Storm Lays At Trump’s Feet
It’s becoming painfully clear that the way forward for global oil markets is going to be bumpy, very bumpy, particularly as we head into next year. Much of this uncertainty, Continue Reading
The U.S. Energy Industry Can’t Afford A Trade War
As the U.S.-China trade spat turns into a full-blown war with tariffs and retaliatory tariffs and threats of further tariffs, U.S. energy exports to China may suffer if Beijing follows Continue Reading
Will The U.S. Compromise On Iran Oil Sanctions?
Some of the United States’ closest allies are scrambling to find a way around the latest sanctions of the Trump Administration against Tehran, and Washington may have to revise its Continue Reading