Steady as She Goes: Oil Prices Hold Firm Amid Syrian Skirmishes and Iran's Deepening Energy Crisis

The price of crude oil remained remarkably stable throughout the week, despite ongoing volatility in Syria and a deepening energy crisis in Iran, which holds the world's fourth-largest proven oil reserves. Analysts had anticipated a modest surge in oil prices due to the swift military advancemen…

Read more »

Iran's Deepening Energy Crisis: Cold Snap Meets Economic Woes

The energy crisis in Iran is escalating, with many Iranians openly acknowledging its severity. A severe cold spell has hit the country at a particularly inopportune time for the Islamic Republic. In recent weeks, the Iranian government has implemented drastic measures in an attempt to manage the sit…

Read more »

Oil on Edge: Iran's Waning Influence and the Tenuous Peace in the Middle East

The price of crude oil slightly increased last week, perhaps due to the lingering anxieties over the handling of Syria by fractured opposition, consisting of various rebel groups. Even a minor incident in the Middle East usually affects the sentiments of both analysts and investors that in turn refl…

Read more »

Latest OPEC+ move: the insignificant impact on oil market dynamics

The OPEC+ meeting that took place on December 5, 2024, did not lead to a master plan in order to address the pressing needs of its members. Nor did it boldly declare that the measures that they adopted would achieve their most cherished goal, ‘stabilizing’ the markets, the code word of the OPEC +fo…

Read more »

The road to Damascus...

Unlike his charismatic father, the eye-doctor-turned, current Syrian leader, Bashar al Assad, has been very unfortunate, when it comes to holding his country with a rich history in the realm of civilization, together, for well over a decade. It became a playing field for numerous actors on his wa…

Read more »

OPEC+ Meeting in December: quota busting could wident the existing rifts!

The meeting of the members of the OPEC+, scheduled to be held on December 1, had been postponed at the eleventh hour, citing the participation of some members at the GCC, Gulf Corporation Council that was held on the same day in Kuwait. The next meeting, along with that of the JMMC, Joint Ministeri…

Read more »