Back in 2014, amid sanctions on Iran, Turkey was importing around 100,000 barrels per day of Iranian oil. Imports doubled to over 200,000 bpd in 2017, before the re-imposition of sanctions by the United States late last year.Continue Reading
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week.
Risk level: Orange-HighContinue Reading
Talk of rebalancing from the IEA and OPEC / NOPEC assurances of an extended production cut have not been enough to encourage the market higher. Even though global crude flows are showing new trends, the key takeaway is that the market appears well-supplied - at least for now. With that in mind, hark, here are five things to consider in oil markets today:Continue Reading
And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend's OPEC / NOPEC meeting. As the number of global oil producers committing to participate in a production cut continues to rise, hark, here are five things to consider in oil markets today:Continue Reading