Tag: opec

Iran Sanctions: JCPOA RIP?

18 May 2018 Despite frenetic diplomatic efforts, including the evident bonhomie between Presidents Macron and Trump, the United States has withdrawn from the Iran Nuclear Deal (JCPOA).  The world awaits details of America's new approach to confronting Iran's nuclear ambitions and its aggressive regional political behaviour.   The Trump Administration has announced already its intention to [...]

Russia: Oil Production

  http://www.reuters.com/article/us-russia-energy-production-idUSKBN1691XP Discipline in the non-OPEC producers like Russia is needed to stabilise ioil prices.  Technological adances in the US shale oil sector seem likely to keep the  oil price in the $45 to $65 range.