The Energy Crisis Is Global
As Russia plays hardball with Europe’s gas supply, the continent is staring down a worrisome energy future—and it’s not alone. Read More Here
Tag: Oil Prices
Mideast Economies Take Massive Hit With Oil Price Crash
The historic crash in oil prices in the wake of the coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue — and all this at a time when several of them already face explosive social unrest. Read Here – APNews
Oil At $100? Experts Predict Where Crude Could Go If An Iran Conflict Breaks
Oil is in the crosshairs as the prospect of confrontation brews between the U.S. and Iran. At least, that’s how Iranian officials would have it. A top military aide to Iran’s supreme leader Ayatollah Ali Khamenei, Yahya Rahim Safavi, warned over the weekend that “The first bullet fired in the Persian Gulf will push oil […]
OPEC’s Game-Theory Dilemma
To win the price-setting game, oil producers need to address two related issues: They must maintain prices at a relatively high level without losing more market share to nontraditional producers, and they need to retain unity amid geopolitical tensions and disparities in domestic economic and financial situations. Read Here – BloombergView
The Promise Of Middle East Sovereign Wealth Funds
In the aftermath of the 2008 global financial crisis, investment capital became far scarcer and efforts to ensure SWF transparency and accountability gave way to competition for their capital. Far from a source of apprehension, SWFs have become beneficiaries of fiscal incentives designed to encourage investment in Europe. Read Here – Project Syndicate Abu Dhabi’s […]
Can Mohamed Bin Salman Reshape Saudi Arabia?
His command of the issues was solid, his delivery even better. His body language signaled confidence, even though he was the youngest and least experienced person in the room. He had charisma. But most important of all, he made a more powerful case for his country than any Saudi official had done before. Read Here […]
Dawn Of The New Iranian Empire
That Iran has not started a war in the last 200 years has become a common refrain among those who want to downplay the threat posed by the Islamic Republic. Alas, it is a false claim, but that has not diminished enthusiasm for it. Read Here – Commentary
In U-Turn, Saudis Choose Higher Prices Over Free Oil Markets
Saudi Arabia has ended its flirtation with free oil markets. It took the kingdom’s new oil minister, Khalid Al-Falih, just six months to blink, ending the country’s two-year policy of pump-at-will. Read Here – Bloomberg
Iran Now Has The Edge In The Fight Over Oil Prices With Saudi Arabia
The contrast between the two countries is stark. Iran, never as dependent on oil revenue as its neighbor, has seen prospects boosted by rapprochement with the west. In Saudi Arabia, tentative moves toward economic reform haven’t prevented two years of weak prices causing financial havoc: it’s burning through foreign exchange reserves, government contractors have gone […]
Iran’s Financial Long Game To Beat The Nuclear Deal
Iran’s heavy reliance on project financing arrangements will have consequences that far outlive the initial terms of the Iranian nuclear agreement, while creating a potentially unique set of incentives for the various parties in the event Iran defaults on its commitments or resorts to old patterns at the expiration of the Joint Comprehensive Plan of […]
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