Iran

Norwegian firm signs $2.9 billion deal to develop 2GW solar farms in Iran – Climate Action – 19/10/2017

Norwegian solar panel maker Saga Energy signed a deal worth $2.9 billion with Iran's state-owned company Amin Energy Developers to develop solar farms around the country totaling 2GW of installed capacity.

Source:  Climate Action, 2017/10/19

By |October 19th, 2017|Categories: News|Tags: , , |

What’s at Risk for Energy If Trump Kills the Iran Deal – Bloomberg – 10/10/2017

Iran, already struggling to attract investors to its energy industry, may find things tougher still as U.S. President Donald Trump tries to undermine the nuclear deal that eased sanctions on OPEC’s third-largest crude producer.

Source:  Bloomberg, 10/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

Iran wants Turkish companies for energy projects – Hurriyet Daily News – 13/07/2017

Iran is seeking to extend engagement with Turkish companies especially in upstream and downstream projects, a top Iranian energy official said on July 12.

Source:  Hurriyet Daily News, 2017/07/13

By |July 13th, 2017|Categories: News|Tags: , , , |

Iran’s largest refinery supplies gasoline amid energy concerns – Trend News Agency – 15/06/2017

The Persian Gulf Star refinery which was inaugurated on April 30, has delivered its first gasoline consignment of 21 million litters to a distribution company, reducing concerns over energy security in the country's gasoline sector.

Source:  Trend News Agency, 2017/06/15

By |June 15th, 2017|Categories: News|Tags: , , |

The oil market: why you should stop, think and only maybe act

It probably occurred to you that the oil price skyrocketed yesterday during trading hours, in the wake of the OPEC reunion held in in Vienna. Following the Algiers summit, last September, the market was hoping for some news regarding a potential output cut and made up a hype mostly from scratch. Consequently, the WTI that [...]

By |December 1st, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Planned oil supply cuts by producer

Based on available information, the graph below describes the breakdown of planned oil supply cuts plans by country following the 30th November 2016 OPEC agreement, based on a 1.2m b/d cut for OPEC and 600k b/d for non-OPEC producers. Future moves in the implementation of the agreement should now be closely monitored.
Breakdown of planned oil supply [...]

By |December 1st, 2016|Categories: Graph Analysis|Tags: , , , , , , , |

World crude oil production overview for selected producers

In its U.S. EIA Monthly Energy Review of November 2016, the U.S. EIA updated its overview of global crude oil production for selected producers. Production continues to grow in Iran or Saudi Arabia but it has been declining in the U.S. since early 2015.

World crude oil production overview for selected producers (million barrels per day)

Source: [...]

By |November 24th, 2016|Categories: Graph Analysis|Tags: , , , , , , |

Waiting for the next oil price rise

The coming OPEC meeting that will take place on the 30th November continues to draw much attention from analysts. At the end of September, the OPEC had agreed to cut oil output to a range between 32.5 and 33.0 million barrels per day. Crude prices had immediately increased by 6%. However, the actual outcome of [...]

By |November 17th, 2016|Categories: Analyst's Insight|Tags: , , , , , , , |

Oil production cut announcement in Algiers: OPEC plays it like the FED

It did not take long for media to trumpet that OPEC reached an historical agreement in Algiers on September 28th and for markets to react accordingly. It seems the vast majority of observers and investors are buying the story of a concerted action among OPEC producers, possibly extending beyond OPEC, which will promptly eliminate current [...]

By |October 6th, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

What do you want to buy Saudi Arabia?

Saudi Deputy Crown Prince Mohammed bin Salman recently gave an interview to Bloomberg in which it described the country’s ambitious plans to develop its Public Investment Fund (PIF) into the largest sovereign wealth fund globally.
Gulf States’ sovereign wealth funds (SWF) are regularly drawing attention from the public, the media, and economic players. Sometimes this is [...]