This Is Not a Textbook Oil Shock
This is not a textbook oil shock; it is a multidimensional disruption. That’s what EY-Parthenon Chief Economist Gregory Daco said in a statement sent to Rigzone late Monday, adding that “the…
Oil Prices Spike as Iran Denies U.S. Talks and Traders Refocus on Supply Risk
Oil prices were spiking again in early Asian trade on Tuesday, reversing part of the previous session’s steep losses as Iran denied claims that it had engaged in negotiations with…
China’s Sinopec not Buying Iranian Crude despite U.S. Waiver
Chinese state oil giant Sinopec, Asia’s biggest refiner by capacity, will not buy Iranian oil even after the U.S. waiver on purchases of crude from Iran loaded on tankers as…
Saudi Arabia, Kuwait Push Energy Deals despite War
Saudi Arabia and Kuwait are attempting to press on with planned multibillion-dollar energy deals despite a widening conflict that’s seen Iran target oil and gas infrastructure across the Middle East…
