for Oil Prices
Reinstituting subsidies could prevent the demand destruction that would otherwise occur from a rise in prices.
Bank of America Merrill Lynch cited the IMO regulations as one of three major factors—along with Iran sanctions and pipeline bottlenecks facing U.S. shale—that could contribute to an oil price spike “akin to the one observed in 2008.”
The U.S. electric vehicle market will reach a major milestone this month as automakers reach 1,000,000 EV sales.
While the overwhelming response to SAFE's report has been positive, our group seeks to clarify criticisms that are not factually based.
Rapidly declining oil exports from Iran, combined with ongoing losses from Venezuela, could put Saudi Arabia’s spare capacity to the test.
The United States spends at least $81 billion every year protecting the global free flow of oil.
Perry Meets with Russian and Saudi Energy Ministers to Blunt Impact of Iran Sanctions on Oil Markets
Renewed Iran sanctions will coincide with election season, granting Russia and Saudi Arabia leverage in negotiations with the United States.
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.
The deeper risk from Turkey's economic crisis is if the contagion spreads as major banks are exposed to souring emerging market assets, or because businesses and even entire governments struggle to pay back the mounting debt denominated in U.S. dollars.
Higher oil prices and surging profits in the second quarter are giving them a lot more leeway, definitively putting an end to years of austerity.