17 September 2013
Crude slips on Syria chemical weapons deal
Crude oil prices fell in mid-September as the US and Russia announced a deal had been reached to dispose of Syria’s chemical weapons by mid-2014
Brent and WTI slid to around $109 a barrel (/b) and $106/b, respectively, on 16 September. The benchmark crudes traded at around $113/b and $109/b, respectively, the previous week. On 14 September, US Secretary of State John Kerry said an initial agreement had been reached for Syria to hand over a complete list of its chemical weapons stockpile to the United Nations. The list would be handed over by the week of 23 September. In a note released shortly after Kerry’s announcement, Deutsche Bank said that easing expectations of an imminent strike against Syria had eased some of the pressure on oil prices. Increased global oil supply from non-Opec nations, mainly the US, as well as “more muted s
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
