US-Iran War Losses Still Trail the 1979 Oil Shock in Total Economic Impact
The ongoing war in Iran has caused the largest oil supply shock in history, resulting in daily production losses that are unprecedented. However, the...
The Evolution of OPEC: From Oil Cartel to Crisis Manager
Origins of OPEC and the Oil Shocks
OPEC was initially formed in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela to protect the national...
China’s Falling Fuel Demand Eases Pressure on Oil Markets
Three months into the Iran war, the oil market is adjusting to the fact that China, the largest importer of oil, needs significantly less...
Are Hidden Oil Flows From Hormuz Reshaping the Energy Market?
Oil shipments passing through the Strait of Hormuz have quietly increased in recent weeks, but traders say the movement reflects a fragmented and opaque...
Nigeria’s Oil Sector Under Pressure After Abu Dhabi’s OPEC Exit
After 60 years as a member of the Organization of the Petroleum Exporting Countries (OPEC), the United Arab Emirates (UAE) has decided to officially...
Why OPEC’s Foundational Conditions No Longer Hold for the UAE
The institutions that govern producer cartels rest on a set of conditions that are usually invisible because they hold uniformly across the membership. When...
Rigid Margins, Rising Pressures: The New Gulf Gas Order
The global gas system is entering a phase defined by limits rather than freedoms. It absorbs shocks but does not return to a neutral...
China and UAE’s Exit from OPEC: Risks and Opportunities
The United Arab Emirates' announcement of its withdrawal from OPEC and the OPEC+ alliance, effective May 1, 2026, represents a major strategic shift in...
OPEC After the UAE Exit: The End of Oil Unity
The withdrawal of the United Arab Emirates to abandon OPEC is far more than just a change in policy, but represents a change in...
America Replaces OPEC as Global Oil Shock Absorber
The ongoing Iran war has reshaped global energy dynamics, shifting influence away from OPEC toward the United States. Traditionally, OPEC and key producers like...