Will the oil market crash on Monday following OPEC+'s surprising announcement?

In an unexpected move on Saturday, the core members of OPEC+ declared plans to increase oil production by 411,000 barrels per day starting in June. The decision was made despite a recent downward trend in oil prices.  This increase builds upon the existing gradual rise of 138,000 bpd that began in …

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OPEC+ Showdown: High Stakes in the Market Share vs. Stability Battle

A curious paradox unfolded in the oil market this week: despite growing anxieties over a looming military conflict between the two nuclear-armed South Asian neighbors, crude oil prices experienced a significant decline; the prices of both WTI and Brent have been at their the lowest since 2021, just…

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Double Trouble for Energy: India-Pakistan Tension Meets Iran Nuclear Talks Uncertainty

The energy markets are currently jittery as tensions escalate between nuclear-armed South Asian neighbours India and Pakistan, moving beyond mere rhetoric. Following a high-level meeting on Tuesday, April 29, with the chiefs of armed forces, the national security advisor, the Home Minister, and the …

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US-Iran Talks Advance Amidst Israeli Concerns, Oil Market Implications

The second round of talks between the United States and Iran, long-time adversaries, took place in Rome, confirming the meeting's location. Despite the change of venue, Oman continued to facilitate the tense discussions. Oman's foreign ministry expressed satisfaction on X, stating, "Ira…

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The Great Dilemma: The US and the Iranian Nuclear Question

Indirect talks between the US and Iran on April 12th initially generated optimism, with both sides describing the first round's outcome as constructive.  There was a glimmer of hope that the US might permit Iran to maintain its nuclear program, contingent upon uranium enrichment remaining at 3.…

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US-China tariff dispute: who will blink first?

The trade war between the world's two largest economies escalated sharply today, as China declined to agree on a deal to avert a major economic crisis involving both nations. President Trump had warned China against levying retaliatory tariffs of 34% in response to tariffs previously imposed on …

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Reciprocal tariffs accelerate the fall of crude oil prices

President Trump, ever the showman, played his tariff announcement like a master of the slow burn. He understood that a rushed reveal would lack the desired impact. Instead, he stretched out the suspense, mirroring the art of a striptease, where each deliberate removal of a layer amplifies the audie…

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Liberation Day Shakes the Globe: President Trump Unveils Sweeping Tariffs on whole world!

On Wednesday, April 2, 2025, President Donald Trump stunned the world by announcing a bold new tariff regime during a White House Rose Garden event, fulfilling his campaign promise to overhaul global trade. Dubbed "Liberation Day," the announcement introduced unprecedented reciprocal ta…

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Oil Market Volatility: Caught in the Crossfire of Iran-US Tension

Despite the arrival of Iran's long-awaited response to President Trump's letter, delivered through an intermediary on Saturday, geopolitical tensions between the US and Iran have escalated, marked by increased rhetorical hostility.  The threats and counter-threats that started coming out fro…

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The Canadian Factor & Oil Prices

Credit: Canada Energy Regulator The newly-emerged political tension between the two North American neighbours shows no sign of abating. On the contrary, it can only get worse, as the forthcoming general election appears to be defined by a theme related to Canadian sovereignty rather than any other c…

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Demand growth of Crude Oil in 2025: Do IEA and OPEC+ see eye to eye on this - finally?

The International Energy Agency (IEA) has revised its 2025 crude oil demand forecast downward, presenting a challenging outlook for oil and gas investors amidst existing market pressures. This projection adds to the headwinds already impacting crude oil prices. The IEA's forecast follows OPEC+&#…

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Oil prices fluctuate despite supply boost by OPEC+

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producers—particularly in the Middle East—to ramp up output until U.S. produ…

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