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Any decision to reduce oil inventories OPEC's upcoming meeting will be greatly helped by Venezuela’s declining oil production, which has just fallen to its lowest levels since January 2003.
The oil price increase sparked by the recent attacks on Saudi oil tankers is concerning for the United States, because oil is the lifeblood of the American economy.
A series of apparent attacks on oil infrastructure in the Arabian Peninsula thrusted geopolitical risk to the forefront of market concerns. Against a backdrop of an already tightening supply-demand balance, the possibility of a serious supply outage poses a major risk to market stability.
China's Ministry of Industry and Information Technology website has been blocked to international visitors—a move some observers believe is a precursor to rising Sino-U.S. competition in technology and industry.
In combination with new and innovative technologies, high-speed wireless networks will transform the United States’ transportation system and generate billions of dollars in economic benefits—but only if the FCC gives mobile carriers access to vital mid-band portions of the spectrum.
Between Iran, Libya and Venezuela, the seeds of a major disruption to the oil market have already been sown. A significant outage in one could push the market into deficit.
The U.S. State Department announced on April 22 that it would let all Iran sanctions waivers expire at the beginning of May as part of the Trump administration’s “maximum pressure” campaign on Iran.
The oil market’s immediate reaction to the White House's announcement to not reissue Iranian oil waivers underlines the fact that oil prices and world politics are inextricably linked
With the expiration of the waivers now just a little more than two weeks away, the oil market is on edge as the White House weighs its next steps.
The attack on Libya’s capital by a militia called the Libyan National Army threatens to cut off, or at least disrupt, the nation’s oil supply.
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