for Oil Prices
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.
NHTSA and EPA's own analysis has found that lightweighting, when done properly, poses no overall increased risk to highway safety. In recent years, record U.S. auto sales have coincided with significant fuel efficiency gains.
Assuming that oil prices will remain low through 2050 is not consistent with current market dynamics or historical precedent.
Compensating for supply shortfalls from Venezuela, Libya, and Iran may prove a challenging task for OPEC in the months to come.
From the SPR and OPEC to the trade war with China, oil traders face myriad uncertainties through the end of the year.
It’s not inevitable that oil prices will hit $150, but there should be no surprises if they rally to that level, or higher.
OPEC itself is responsible for disrupting the investment cycle and eliminating the inventory overhang in record time. Asking them to fix the problems they caused is the wrong approach.