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Saudi Arabia


Is the bullish demand facing weakness?

By: Pam Corn / Posted on: November 5, 2018

Since the start of November, the two-year bull-run in the energy sector is facing one of its biggest challenges. Within the oil market universe, there are growing concerns of a global economic slowdown and oil demand following suit as the continued price collapse, almost 15%, from its October highs.

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The Latest News from the Middle East

By: Matt Reese / Posted on: October 17, 2018

The geopolitical climate in the Middle East continues to intensify as the Saudi government is preparing to admit that Washington Post columnist Jamal Khashoggi was killed in the Saudi consulate in Turkey two weeks ago.  President Trump has threatened to impose severe punishment on Saudi Arabia if it is proved they are behind the murder while the Saudi government has said they will respond with greater action if the United States moves forward.  The threat of Saudi Arabia using their oil reserves as a weapon has the world on the edge of their seat.

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Saudi Arabia and Saudi Aramco

By: Matt Rosenberg / Posted on: August 24, 2018

As the U.S. sanctions on Iran are now a little over two months away with a start date of November 5th against Iranian oil exports, two other OPEC member nations, Saudi Arabia and Iraq, are continuing to position themselves to capture additional European oil market share as a result of these sanctions. 

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Take A Break

By: Matt Rosenberg / Posted on: July 27, 2018

Oil markets finished higher again yesterday continuing the current upward trend.  At the close of the session, WTI crude closed up $0.31/bbl to close at $69.61.  RBOB and HO also closed higher by $0.0392/gal and $0.0257/gal to finish at $2.1623/gal and $2.1769/gal respectively.

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