Category: Oil
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Rigzone Looks at What Trump Win Means for Middle East Conflict, Oil Price
Could the U.S. election outcome affect the Middle East conflict? If so, how, and what would this mean for oil prices? These were the questions Rigzone posed to Ryan Bohl, Senior Middle East and North Africa Analyst at RANE, which describes itself as a global risk intelligence company. “The U.S. election will definitely have an…
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Iran Update, November 18, 2024
Information Cutoff: 2:00 pm ET The Critical Threats Project (CTP) at the American Enterprise Institute and the Institute for the Study of War (ISW) publish the Iran Update, which provides insights into Iranian and Iranian-sponsored activities that undermine regional stability and threaten US forces and interests. Click here to see CTP and ISW’s interactive map…
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Donald Trump Commits To Ending “All Wars” But Middle East Is A Complex Place
Melbourne: Donald Trump’s re-election as the US president last week comes at a time of extreme volatility in the Middle East. The president-elect has promised to end all wars. In his usual impulsive and unpredictable manner, he has pledged to resolve the Ukraine war within 24 hours of taking office and help Israel finish its…
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Fireside Chat with DNI Haines at the Reagan National Defense Forum
Director of National Intelligence Avril Haines engaged in a fireside chat on a range of national security topics with Andrea Mitchell from NBC News at the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California on December 3, 2022. The fireside chat is available to view here and the transcript…
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Donald Trump fancies himself a skilled dealmaker, but Middle East peace might be beyond him
Melbourne: Donald Trump’s re-election as the US president last week comes at a time of extreme volatility in the Middle East. The president-elect has promised to end all wars. In his usual impulsive and unpredictable manner, he has pledged to resolve the Ukraine war within 24 hours of taking office and help Israel finish its…
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Oil Surges on Geopolitical Tensions and Weaker Dollar
by Bloomberg | Mia Gindis and Maggie Eastland | Monday, November 18, 2024 | 3:39 PM EST Oil surged as simmering geopolitical tensions and the weakening dollar overshadowed bearish signals coming from internal market metrics. West Texas Intermediate rose 3.2% to settle above $69 a barrel after the US gave Ukraine the green light to use…
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Trump’s Energy Secretary Gets It
Over the weekend, President-elect Donald Trump selected Chris Wright to run the Department of Energy, demonstrating that climate realism and U.S. energy dominance will be front and center when the new administration assumes power next year. Chris Wright is not a household name but he will soon play a pivotal role for the American people,…
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Thinking Through China’s Middle East Policy Amid War
For many years, China has been expanding its influence to every corner of the globe. And while its strategic priorities remain anchored in the Western Pacific—where it faces great-power rivalry with the United States, myriad territorial disputes, tensions on the Korean Peninsula and the potential for military conflict over the Taiwan Strait—its steadily growing presence…
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What’s Affecting Oil Prices This Week? (Nov. 18, 2024)
The price of Brent crude ended the week at $71.05 after closing the previous week at $72.90. The price of WTI ended the week at $66.95 after closing the previous week at $70.43. The price of DME Oman crude ended the week at $70.24 after closing the previous week at $72.78. (Source: Stratas Advisors) Oil…
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Will Geopolitics Affect Oil and Gas in 2025?
Geopolitics always affects oil and gas. That’s what Corey Ranslem, the CEO of Dryad Global, told Rigzone when asked if geopolitics will affect oil and gas next year. “The conflict within the Middle East, the Russia-Ukraine war, along with a shifting global political landscape, will continue to have a major effect on the oil and…