Tag Archives: iran

Why Cutting OPEC Supply From Highest to Higher Still Hurts

After OPEC agreed to an oil output cut in Algiers on Sep. 29, they increased supply by 230 kb/d to a record 33.83 mb/d in October according to the International Energy Agency (IEA).  Supply from Iraq reached the highest level ever and Iran pushed flows to a pre-sanctions rate of 3.72 mb/d. Now OPEC supply has Read more […]

Selling Oil Won’t Feed Iran

Now that negotiators have reached a deal aimed at reining in Iran’s nuclear program, Iran may get relief from some sanctions that may allow it to raise oil output. Though it could take time for supply to come onto the market, it depends on how long it takes for the International Atomic Energy Agency (IAEA) to verify Read more […]

Commodity Indices Can Outsmart Another 45% Oil Drop

Many key factors are currently driving oil down and the bloodshed might not be over. As mentioned in a recent CNBC interview, from current levels, the S&P GSCI Crude Oil Total Return could drop another 45% before surpassing energy’s worst historical loss of 78.4% that happened in 2008-2009. The headwinds of the strong dollar from the Greek crisis, Read more […]