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The Middle East is the worlds largest oil production base, accounting for 6% of the worlds crude oil reserves, and exports more than half of the world. 7 million barrels of oil are exported every day, and an oil tanker enters and exits the sea every five

This year, when the United States proposed a new tariff policy, the International Energy Agency pointed out that there were signs of protectionism in the United States. This is a risk for forecasting oil demand, which increases the possibility of a global

The situation in the Middle East has been the focus of market attention in recent times. The Middle East holds most of the world’s crude oil resources. If war in the Middle East occurs, it will inevitably trigger market panic about oil cuts. This is why t

It is worth mentioning that the United States previously stated that it would not grant immunities to any country, but after the sanctions took effect, it opened a list of exemptions for eight countries. The main reason why the United States does this is

Plc expects the US move to have a limited impact on the oil market, but other analysis agencies have different views. FGE Global Energy Consulting Company predicts that Iran produces 2.7 million barrels of oil a day, and the resumption of sanctions by the

At present, Saudi Arabia and Russia have relatively sufficient idle production capacity and strong willingness to increase production, superimposing the contribution of Iraq, Libya and other countries to increase production. In the fourth quarter, OPEC+ i

Last week, the US crude oil supply fell more than expected, and oil prices soared by% on Wednesday, which is expected to end three consecutive weeks of decline. EIA data shows that as of the week of August 7, US crude oil inventories decreased by 5.86 mil

What happened in Vienna once again showed how Russia and Saudi Arabia actually marginalized OPEC in order to achieve their own geopolitical goals. In the case of Saudi Arabia, its actions are usually carried out under the direction of the United States.Pl