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Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
California refiners dreaming of heyday
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Mars attacks US oil industry
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Bakken oil output may hold its ground
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Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
The oil risk premium fable
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Trump creates new risk dynamic
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
Iran US
Robin M Mills
Dubai
1 March 2021
Follow @PetroleumEcon
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Iran hits crude comeback trail

Crude production has started to creep up in recent months, but much still hinges on the relaxation of US sanctions

The smoke signals of diplomacy over the Mid-East Gulf may be ambiguous, but Iran’s oil ambitions are not. Veteran oil minister Bijan Zanganeh intends 4.5mn bl/d in crude and condensate production and 2.3mn bl/d in exports by the next Iranian year, beginning on 21 March. This depends critically on the relaxation of sanctions—but is the country’s oil industry ready to meet the challenge? The previous period of sanctions, which ended with the Joint Comprehensive Plan of Action (JCPOA), saw production recover from January 2016 much more sharply than many analysts had expected. It was possible to restart fields that had been shut down in a relatively orderly way without suffering damage or deteri

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