Oil Markets Range-bound?
We have heard admonitions about peak oil and that we have already passed the geologic peak of world oil production capacity. On the other hand, the IEA warns that if we continue our present patterns of energy consumption, we will need the equivalent of four Saudi Arabia’s in new oil production capacity by 2030 - seemingly at ease that the oil is geologically out there.
Pétrole : l’attaque du Hamas contre Israël nourrit des craintes autour de l’Iran
Les Etats-Unis, alliés traditionnels d’Israël, pourraient être amenés à encadrer plus strictement l’application des sanctions contre Téhéran, pays qui représentait 4 % de l’offre mondiale de brut en 2022. Voire à les durcir s’il est avéré que l’Iran a aidé à planifier les actes terroristes du Hamas.
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