Despite pronouncements by Saudi royalty and oil officials that that country will not let the price of oil go above $100 a barrel, Brent crude prices now appear poised to breach $120 a barrel... Read More
Despite reports suggesting that Iran is considering a halt to all oil exports to Europe as a response to European Union and US sanctions, the head of energy watchdog the International Energy Agency said that releasing reserves under its control is not something under consideration now... Read More
If Iran were to shut down the Strait of Hormuz, Brent crude would surge to between $150 and $200 a barrel, according to an oil analyst with Societe Generale.... Read More
Pulitzer prize winning author Daniel Yergin, Chairman of IHS CERA, shared an excerpt on Iran from his latest book “The Quest: Energy Security, and the Remaking of the Modern World.” The piece describes how the balance of power in the Gulf region could shift should Iran obtain nuclear weapons... Read More