Oil in Covid-19 Purgatory Shuaib Bahman Oil prices experienced a sharp decline following the Covid-19 outbreak. However, it rallied slightly as oil consumption slowly rebounded to normal in major consuming countries like China. Following the OPEC+ agreement, oil prices jumped 100%. The prices rallied on account of controlled supply alongside increased demand following the first […]
Oil Price Fall Winners Shuaib Bahman Although some nations may have welcomed the oil price decline in global markets, some others see the persistence of such a trend as a serious threat. Among nations looking favorably at the oil price decline, political and economic motivations are high. Political or economic interests may require a nation […]
China & OPEC: Cooperation for Restoring Balance to the Oil Market Shuaib Bahman As oil prices experience a sharp decline, experts precisely look into supply and demand status to propose a remedy for restoring balance to the global oil markets. Studying oil supply and demand would require assessing the situation of major producers and consumers […]
US Oil Output Cut Challenges Shuaib Bahman Iran Petroleum
Shuaib Bahman The oil price slump in global markets has posed a new challenge to all producers, including the US. Furthermore, in a rare event, the West Texas Intermediate (WTI) base price for delivery in the future went down to the negative territory. US President Donald Trump announced in reaction to the negative oil prices […]
Dr. Shuaib Bahman Saudi Aramco’s initial public offering (IPO), as promised in previous years, opened a new chapter in Saudi Arabia’s oil activities. The oil giant earned $25.6 billion selling 1.5% of its shares on the Riyadh stock exchange. It was the largest sum ever earned through IPO on the stock market. Each share was […]