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Home > Energy Week > Episode 72 - Iran | OPEC | Iraq and Kuwait | Oil shipping | US Sanctions
Podcast: Energy Week
Episode:

Episode 72 - Iran | OPEC | Iraq and Kuwait | Oil shipping | US Sanctions
Category: Government & Organizations
Duration: 00:42:09
Publish Date: 2019-06-25 04:30:11
Description: Oil prices rise as Middle East tensions simmer https://www.reuters.com/article/us-global-oil/oil-prices-rise-as-middle-east-tensions-simmer-idUSKCN1TP02I What’s driving the geopolitical premium on oil prices? Risk to oil tankers is still there but risk of war seems averted, so prices may be driven more by threat of war than actual threats to oil supply Suspected Iranian Oil Caught in Sanctions Trap https://www.wsj.com/articles/suspected-iranian-oil-caught-in-sanctions-trap-11560966215? Eni rejected a cargo of oil from Iraq that it suspected wasn’t Iraqi oil Tanker Trackers investigation concluded that the oil did come from Iran. Who is culpable here? Onus for sanctions on importers of Iranian oil. Unit at Philadelphia refinery completely destroyed in fire: sources https://www.reuters.com/article/us-usa-refinery-blast/unit-at-philadelphia-refinery-completely-destroyed-in-fire-sources-idUSKCN1TO0SZ Major refinery - largest on east coast - could impact gasoline prices Struggled through bankruptcy - check out Ellen’s Forbes piece from last year looking into the role that the Renewable Fuel Standard played in the refinery’s financial struggles: https://www.forbes.com/sites/ellenrwald/2018/01/22/ethanol-policy-puts-philadelphia-refinery-into-bankruptcy/#38e094cf37e6 Russia Seeking Concessions With Maduro Regime To Access Natural Gas Resources https://en.businesstimes.cn/articles/114062/20190621/russia-seeking-concessions-with-maduro-regime-to-access-natural-gas-resources.htm Is this to help pay the Russian “advisors”? Rosneft wants to built LNG processing plant and send natural gas via pipeline to Trinidad Has China pulled back? Will the US catch on and want to sanction natural gas from Venezuela? Feature: As Middle East attacks intensify, Iraq warily eyes its vital oil gateway https://www.spglobal.com/platts/en/market-insights/latest-news/oil/062119-middle-east-attacks-intensify-iraq-eyes-vital-oil-gateway Difficult for Iraq to export oil because it has very little coastline along the Persian Gulf (one of the main causes of the Gulf War, when Saddam Hussein invaded Kuwait and got a lot more coastline and easy access to the Gulf-until he was defeated.
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