Iran's reluctance to escalate the Middle Eastern crisis and falling commodity prices

With the war in the Middle East at a critical juncture, especially when it comes to the potential casualties of the beleaguered Palestinians near the Rafah crossing, bordering Egypt, Iran's desire to get involved in the conflict, if it had any before -  apart from the Western estimates -  appea…

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A Tale of Two Commodities: price of LNG falls and oil slightly up!

As the feared 'R' word started doing rounds yesterday with Britain falling into recession, the energy markets have gone into shock-absorbing mode for obvious reasons; it goes without saying that the low manufacturing activity that inevitably stems from shrinking economic growth means less c…

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The Shale Boom in the US

The US shale boom has regained its lost momentum in the immediate aftermath of Covid-10 pandemic.  According to the latest data, both Exxon Mobil and Chevron have reported strong financial results that has directly stemmed from the increased production; the production activities have increased in th…

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An imminent attack by the US on those who killed its troops - and associates

The US seems to have clearly decided to retaliate over the drone attack on its base in Jordan on Sunday that resulted in the death of three servicemen and injuries to many more.  President Biden, in response to the questioning of the journalists on Tuesday, clearly indicated that he had already made…

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Oil price rises as the events in the Middle East take a turn for the worse!

The conflict in the Middle East shows no sign of abating at present. The drone attack on an American military base on the Jordanian-Syrian border, by an Iran-funded Shia group from Iraq, is going to make things turn ugly in the next few days as the CENTCOM - United States Central Command - announce…

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Oil prices to remain static in 2024 - and beyond : EIA

As the energy markets attempt to limping back to normal after a long period of holidays, the prices of commodity did not show any sign of revival. On the contrary, the prices of WTI, Brent and LNG, liquified natural gas, recorded losses by 3.4%, 2.99% and 0.075% respectively in the first week of th…

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China's Manufacturing PMI down again in December: a weakened pulse reflecting decline in global energy demands!

The latest data released by China's National Bureau of Statistics clearly shows that the the activities of the global manufacturing powers house, China, was down again in December, 2023. In fact, it has lost 0.4% points, from 49.4% in November to 49% in December. The significant index has been o…

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Happy New Year to the resilient and innovative oil and gas community!

As the clock struck at midnight and we ushered in the fresh slate of 2024, it's a proud moment to raise a glass - or a hard hat, if safety's your calling! - to the remarkable community that keeps the world's engines humming: the oil and gas industry. Our warmest greetings go to the geol…

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New Civil Transaction Law in Saudi Arabia: ties between the UAE and the Kingdom under scrutiny

The Saudi cabinet on Tuesday, according to Saudi Press Agency, SPA, approved the controversial contracting regulations for firms that are not based in the Kingdom.  The Kingdom has already set a deadline - January, 2024 -  for the companies in question to move their regional headquarters to the King…

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Eagles above the Battlefield: The Netherlands Readies F-16s for Ukraine, amidst the Shadow of the S-400

The battlefront in Ukraine that lost the attention of the global media at the onset of the war between Israel and Hamas, suddenly grabbed the headlines once again, as the involvement of the US-made fighter jets does not seem to remain in the hypothetical realm any more. If the Dutch government is go…

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