OPEC+ will navigate growing demand, and the possibility that peace breaks out in Israel.
Michael Warren
China’s EV Bridge Too Far
Monday, July 31, 2023
China leads EV sales, but after billions in subsidies, they’re still only 4% of the fleet.
Has Wagner Made Russian Oil Radioactive?
Thursday, July 13, 2023
India has slowed its deeply discounted imports of Russian crude since the rebellion.
Russia's Oil Miracle
Monday, June 12, 2023
Record seaborne exports at distress prices have lowered the pricing structure of world oil.
A Bottom in Oil Prices, But No Top in US Production
Wednesday, April 5, 2023
As predicted, OPEC+ cut quotas, and as usual, the shale doomsayers see imaginary peaks.
Oil’s Bumpy Road to $100
Wednesday, March 22, 2023
Unless the bank crisis proves a tipping point, all the fundamentals still point to $100 crude.
Oil Markets One Year On from the Ukraine Shock
Tuesday, March 7, 2023
So far so good – but Europe’s diesel price-cap could change everything as it starts to bite.
Crack Spreads Point North for Crude Prices
Tuesday, February 7, 2023
Perfect storm: resurgent demand, crippled refinery capacity, a ban on Russian diesel.
Surprises of 2023 Volume 2: Oil Demand, With or Without EVs
Wednesday, January 11, 2023
Demand will surprise on the upside, while supplies are kept artificially tight
Europe: Winter of Energy Discontent
Monday, December 5, 2022
Yellen’s price caps will make no difference to Russia’s crude revenues.