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Middle East

Review of the global oil demand trend

The historical drop in global oil demand of 9.7 mb/d y-o-y in 2020, as a result of the COVID-19 pandemic, prompted a shock to the established relationship between oil demand and global economic growth. While demand for all petroleum…

Oil prices, Middle East tensions and Louisiana

NEW ORLEANS (WVUE) - The U.S. is much more energy independent, but crude oil accounts for the largest share of America’s energy imports, according to U.S. Energy Information Administration.And the increasing tensions in the Middle East…

Oil’s record start to 2021 hits a speed bump

Elizabeth Low and Alex Longley, BloombergFeb. 26, 2021Updated: Feb. 26, 2021 2:20 p.m.The market is facing an escalation in Middle East tensions after the U.S. carried out airstrikes in Syria.-/US AIR FORCE/AFP via Getty ImagesOil’s

Why Oil Bulls Aren’t Backing Down

While there is still plenty of potential new oil supply on the market, particularly from OPEC+, analysts remain very bullish and banks are beginning to talk about $100 oil.In this week's Global Energy Alert, our research team delves into…