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Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
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Markets Politics
Neil Atkinson
4 April 2024
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The Fed sends flowers to OPEC

OPEC+ continues to keep oil prices within a 'goldilocks' price range and provide stability in turbulent geopolitical times

The US Federal Reserve published in January an academic paper, Reasons Behind Words: OPEC Narratives and the Oil Market. The paper is the result of rigorous research and analysis by a team of authors who used a model-based approach to analyse all recorded OPEC press releases and mapped them against the fundamentals of oil supply, demand and speculative activity in the oil market. Their main conclusion was that “OPEC communication reduces oil price volatility and prompts market participants to rebalance their positions”. For an organisation that often gets a bad press, this complimentary statement might come as a surprise to many, particularly those who mistakenly take the view that OPEC is a

Also in this section
Latest EU sanctions largely toothless
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
A third distillate disruption
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
BP’s long stay in Russia
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
Arbitration with Gazprom: How to collect
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task

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