The oil market’s immediate reaction to the White House's announcement to not reissue Iranian oil waivers underlines the fact that oil prices and world politics are inextricably linked
With the expiration of the waivers now just a little more than two weeks away, the oil market is on edge as the White House weighs its next steps.
For the United States to realize its foreign policy ambitions, domestic oil demand must be reduced.
President Trump's latest OPEC tweet has heightened speculation that volatility is returning to the global oil market. But the truth is oil volatility never went away.
The U.S. government's goal to knock Iran oil exports down to zero may be boxed in by its own policy towards Venezuela.
While there is a long list of potential factors that could surprise the market in 2019, OPEC+ supply curbs create a tightening baseline that should lead to higher oil prices as the year wears on.
Despite a range of uncertainties looming over the oil market this year, there is a growing sense that OPEC+ might be able to succeed in balancing the market after all.
After oil's steep fall in the final weeks of 2018, a diverse array of factors means the rollercoaster is likely to continue in 2019 with forecasting prices proving to be equally hazardous.
There may come a day when the U.S. is able to claim that OPEC is finally broken, but that day has yet to arrive.
Stay on top of the latest developments in oil markets, geopolitical risk, and alternative fuel vehicles with the SAFE policy team's Chart of the Week.