Rerouting and diversification cannot help when a significant chunk of oil and gas have been taken off the market. 

The recent OPEC+ decision to not freeze production growth demonstrates the growing power of consumers.

Economic considerations will guide the incoming Raisi administration’s domestic and international policies.

The ongoing bombing of Gaza is unlikely to deter the UAE from investing big in its new ally’s gas fields.

The US shale oil boom has removed protecting Gulf oil from Washington’s list of top priorities.

Even if demand recovers by the end of the year, the oil market will be slow to recover.

Why did Russia start an oil price war and can it win?

Russia fears an escalation between Iran and Israel and wants to avoid it at any cost.

The uncertainty after the attacks is causing some big buyers to look for alternative supply channels.

US-Russian cooperation on Iran has its limits.