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Fifty years of oil trading
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
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Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
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Capping state corporate income tax deductions would reduce energy supplies and raise prices
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Trump’s energy policy paradox
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Letter from the US: Houston has a problem with Trump’s energy policy
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
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Aramco keeps on spending
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
Letter from Iran: High-stakes nuclear diplomacy
Iran’s oil is caught in the crosshairs of support from China and Russia and US maximum pressure, with options becoming more and more limited
Saudi Arabia Iran US
Gerald Butt
20 September 2019
Follow @PetroleumEcon
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Saudis opt for words not weapons

The kingdom sees Iran's hand behind the recent attacks but is holding fire for now

Saudis were shocked and angered by the audacious drone assault on oil facilities at Abqaiq and Khurais. But, as efforts were made to maintain the flow of crude oil out of the kingdom, the official reaction to the devastating attacks was surprisingly restrained. The cabinet was not summoned into emergency session, nor were there immediate calls for retaliation. The Saudis have presented evidence that they say proves the drones and missiles used were Iranian and were not fired from Yemen. They also believe that Iran was involved in launching the weapons. But, in general, the focus has been on portraying the incident as an act of terrorism against vital energy targets that should concern the wh

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