Iran

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 [...]

Lowering projections on low oil prices: a sound decision?

In its February release of its Short-term energy outlook, the American Energy Information Administration decided to revise downward its expectations for the global Brent crude contract for this year and for 2016. The new projections are now USD 34.28/barrel in 2016 and USD 40.09/barrel in 2017 (from the previous USD 37.00/barrel and USD 50.00/barrel). It [...]

By |March 9th, 2016|Categories: Analyst's Insight|Tags: , , , , |

Iran’s return: not just short-term impacts

Much has been written on Iran’s return to the global oil market. Indeed, the issues at stake are significant not only at the regional level but also at the global level. Two possible radical directions appear to be possible. On the one hand, Iran has the potential to boost global oil supply in a context [...]