Reading Time: 3 minutes Purchases deferred as offers received were either too expensive or didn’t meet the required specifications
Author: Rashid Husain Syed
Toronto-based Rashid Husain Syed is a highly-regarded analyst specializing in energy and politics, with a particular emphasis on the Middle East. Besides his contributions to both local and international newspapers, Rashid frequently lends his expertise as a speaker at global conferences. His insights on global energy matters have been sought after by organizations such as the Department of Energy in Washington and the International Energy Agency in Paris.
China–brokered deal between Iran and Saudi Arabia catches world by surprise
Reading Time: 4 minutes A new crude oil bloc seems to be taking shape, apparently at the cost to the U.S. and the West
The oil sector has its swagger back
Reading Time: 4 minutes Energy security is now the phrase on everyone’s lips and yesterday’s villains are today’s saviours
United Arab Emirates considering quitting OPEC
Reading Time: 4 minutes It would be a crippling blow to the influence of the organization on the global oil markets
Russian oil price cap not as effective as hoped
Reading Time: 4 minutes In the weeks following the cap, Russia sold its crude oil for about US$74 per barrel on average
IEA raises global oil demand forecast again
Reading Time: 4 minutes Set to average a record 101.9 million barrels per day, up by two million bpd from 2022
Has the Saudi/Russia relationship reached its limits?
Reading Time: 4 minutes Saudi Arabia is feeling the pressure, but the prospect of a ‘crude’ divorce between Moscow and Riyadh seems premature
Russian oil reaching U.S. via India
Reading Time: 4 minutes India is shipping 89,000 barrels of gasoline and diesel to the U.S. daily
Russia resistant to economic pressure imposed by sanctions. For now
Reading Time: 4 minutes Could easily employ sanctions-avoiding mechanisms perfected by Iran
Forecast calls for a strong recovery in crude oil demand
Reading Time: 3 minutes Thanks mainly to China finally emerging from its Covid-19 lockdowns