Oil market expectations have shifted from fears of supply scarcity in the face of a rapidly growing demand to concerns about trailing demand and too much supply…
Efforts to impose windfall taxes on booming energy companies are often misplaced and expose flaws in national fiscal systems…
Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17…
Russia’s ability to finance its war on Ukraine is starting to suffer because of Western sanctions and market forces. But a determined Kremlin may not care…
The decision to agree on their maritime borders will benefit Israel and Lebanon, but it remains to be seen whether the region can become a natural gas hub…
The 2022 energy crisis produced higher prices and policy changes that encouraged investment in the oil and gas sector again…
Despite Western sanctions and volatile prices, Russian oil exports proved resilient last year. The global oil market may face different challenges in 2023…
Immediately after Russia’s invasion of Ukraine, world oil prices jumped above US$100 per barrel, hitting US$130 for Brent crude on March 8…
Except for the recent dip in demand because of Covid-19, oil producers are enjoying the higher prices that come with increased consumption. But consumers may get the upper hand by 2040…
As some countries, including the world’s two biggest oil importers, are unlikely to join proposed sanctions against Russian crude, Moscow could redirect its exports.
Iran’s oil could have a significant impact on prices, although on its own it would not compensate for the loss of Russian supplies.
Most forecasts predict that oil prices will keep rising for the time being. But with geopolitical tensions running high, there is uncertainty over when they will stabilize.