Of all the coverage linking Syria to oil prices, BBC seems to have used to most appropriate word for how the conflict is affecting markets: they’re “jittery”. It conveys that price movements will be both reactive and unpredictable as events unfold. The possibility of conflict has almost certainly pushed oil prices higher, but uncertainty over the… Keep reading →
Investment bank Simmons & Co’s commentary on the International Energy Agency’s August Oil Market Report highlights geopolitical risk facing global oil supply. The report shows that Opec supply fell by 165,000 barrels per day from the previous month, even as Saudi Arabia lifted output to a 12-month high. “Domestic developments in member countries has taken… Keep reading →
China has enacted new measures to improve air quality, including a mandate that heavy polluters, such as coal-fired power plants, reduce emissions by 30% per unit of economic output by the end of 2017, and publicly release environmental information. Certainly seems like a step in the right direction for a country whose capital city’s pollution… Keep reading →
Where are Oil Prices Headed on Syria News?
By Jared AndersonGlobal benchmark oil prices crept up to two-year highs over the past week or so as tensions in the Middle East and North Africa flare. US intervention in Syria currently awaits a congressional vote, so what will that decision likely mean for near-term price trajectory? It appears the geopolitical risk premium is mostly factored in… Keep reading →