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Has Iran Won The War For The Middle East?
by Yossef Bodansky
21 Sep 2019 at 4:00pm
The most important historic milestone was not the heavy damage to the Saudi oil installations during the attacks on them on September 14, 2019. Rather, it was a quiet Ashura ceremony held in the Imam Khomenei Hussainia in Tehran on September 11, 2019. Ayatollah Sayyed Ali Khamene?i led the mourning ceremony for the Martyrs of the Tragedy of Karbala on the Day of Ashura1. To Khamene?i?s left, sitting on cushions on the ground, were, in order of proximity to Khamene?i, Hojjat al-Islam Sayyed Muqtada al-Sadr, the Shi?ite-Iraqi?

Nuclear Fallout Drives Japan To World?s Cleanest Energy Source
by Haley Zaremba
21 Sep 2019 at 2:00pm
Japan needs to find an alternative to nuclear energy, and it needs to do so in a hurry. The Japanese energy mix has been in a serious state of flux since the 2011 Fukushima nuclear disaster, after which Japan shut down all 54 of the nation?s nuclear reactors as they awaited the prescription of newer, stricter safety standards. Since then, nuclear power has not made a great comeback in Japan. Yes, some (but certainly not all) of the nuclear reactors were eventually brought back online, but the Japanese public, to a large degree, no longer?

?Rogue? Oil Trader Loses $320 Million In Massive Trading Bust
by OilPrice.com
21 Sep 2019 at 12:00pm
A Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour, the company revealed in a Friday press release. The bank blamed the losses on a 'rogue trader' who allegedly manipulated the subsidiary's risk-management system, allowing him to place massive derivatives bets on the price of oil and disguise them as hedges similar to what JPMorgan did with the whole London Whale debacle. Though the bank didn't release the trader's name, according to the press?

Amazon Makes The Largest Ever Electric Vehicle Purchase
by Jon LeSage
21 Sep 2019 at 10:00am
Amazon?s Jeff Bezos is betting big on startup Rivian Automotive by placing the largest-ever electric vehicle purchase order in automotive history. The Michigan-based startup will be building and delivering 100,000 electric vans to Amazon over the next decade. The first 10,000 will start hitting roads in 2021 and completing the delivery the next year, with all 100,000 EVs fully operational in Amazon?s fleet by 2030. Bezos announced the Rivian deal at an event Thursday at the National Press Club in Washington, D.C., with a speech focused?

Can Europe Do Anything Against Gazprom?s Push For Market Share?
by Vanand Meliksetian
21 Sep 2019 at 8:00am
The European Union?s strength is its ability to shield its economy from the outside world and pursue integration between member states. Cooperation within the bloc is based on both liberal economic market principles and political solidarity between states. The current European gas market, however, is in turmoil because neither is being pursued when it comes to energy. This has led to two interdependent developments: the construction of additional LNG capacity and Eastern Europe?s battle to constrain Gazprom?s market access. The?

Houthis: We Will Stop Saudi Attacks If Kingdom Agrees To Stand Down In Yemen
by Julianne Geiger
20 Sep 2019 at 4:00pm
The attacks on Saudi soil with drones and ballistic missiles will stop, the Houthis have vowed, if Saudi Arabia will stop its airstrikes over Yemen, according to Bloomberg, who quoted Yemen Shiite Houthi rebel leader Mahdi al-Mashat, who spoke on Al Masirah TV. The Iran-backed Houthis have claimed ownership of the devastating attacks that crippled Saudi Arabia?s oil infrastructure over the weekend that took offline 5.7 million barrels per day?which is half of Saudi Arabia?s total oil production--sending oil prices sharply upward.?

US Slaps Sanctions On Iranian Central Bank?What?s Next?
by Julianne Geiger
20 Sep 2019 at 3:00pm
The United States on Friday has taken the first step in its response to the attacks on Saudi oil infrastructure by imposing more sanctions on Iran, but the response might not stop there. The latest round of sanctions targets the Central Bank of Iran, the National Development Fund of Iran, and Etemad Tejarate Pars Co, which the United States alleges has hidden money transfers that have been used to purchase military equipment, according to a Friday statement by the U.S. Treasury Department. The sanctions add to the already crippling sanctions on?

Are Oil Traders Already Looking Beyond The Saudi Oil Crisis?
by Tom Kool
20 Sep 2019 at 3:00pm
Oil markets went for a wild ride this week in the aftermath of the drone strike on one of the world?s most important crude processing facilities. The attack led to Brent crude futures spiking by 20 percent in early Monday morning trading. Despite the severity of the supply outage (some 5.7 million bpd), Saudi Arabian and OPEC sources quickly reaffirmed the markets that crude flows wouldn?t be upended. As a result, prices fell 6 percent on Tuesday morning, and continued to fall on bearish inventory data that same day. Riyadh was quick?

Kuwait Raises Security Alert Level Of Oil Facilities
by Charles Kennedy
20 Sep 2019 at 2:00pm
Kuwait raised the security alert level at all of its ports, affecting both commercial ports and oil facilities, according to the state-run Kuwait News Agency, quoting a statement from Kuwait's minister of commerce and industry on Friday. The decision reflected heightened tensions in the region, particularly over oil infrastructure and seaport facilities, and follows Wednesday's announcement from Kuwait's army that it was raising its readiness levels and carry out military exercises amid current regional tensions. Kuwait's move comes?

Oil Rises At End Of Wild Week
by Tom Kool
20 Sep 2019 at 12:00pm
Following the wildest week oil prices have seen in recent memory, markets are now on edge as the possibility of an Iran war increases Friday, 20 September 2019 It was the wildest week for oil in recent memory. Prices spiked, fell back again, and then rose more modestly on Thursday and Friday. There are still question marks over Saudi Arabia?s ability to repair Abqaiq on as quick a schedule as it claims and Washington and Riyadh are considering their next steps following the attack, with more military action certainly a possibility. Oil disruptions?

The Man That Could Trigger An Iran War
by Editorial Dept
20 Sep 2019 at 11:00am
Oil prices came back down to Earth over the course of week, getting only a slight bump on future supply concerns coming out of Saudi Arabia after last weekend?s attack. No longer is it a question of getting production back online. Instead, the markets are mildly concerned that the Saudis will now have no spare capacity should another attack or disaster strike. Markets go where the action is, and from that perspective, the Fed is more of an issue while world powers play coy over Iran. In the meantime, US crude export demand has surged following?

Shell, Exxon Close Deal To Build Five LNG Import Terminals
by Irina Slav
20 Sep 2019 at 11:00am
Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with shortages in supply. Reuters reports that the terminals could be operational in two to three years, quoting the country?s oil and power minister, Omar Ayub Khan. With a fast-rising population, Pakistan has been plagued with power outages largely resulting from a shortage of fuel necessary to keep its power stations going. Though there is some local production, in financial?

Houthis Threaten More Attacks In The Middle East
by Editorial Dept
20 Sep 2019 at 11:00am
Politics, Geopolitics & Conflict - Yemen's Houthi rebels threatened to attack dozens of targets in the United Arab Emirates, including in the cities of Dubai and Abu Dhabi. The group has made threats against the UAE in the past and claimed strikes, but those were never confirmed by the Emirati authorities. Right now, the Houthis, who have to beg for recognition every time they launch a larger scale attack with more advanced weaponry, have every reason to target the UAE, despite its announcement of a withdrawal from the conflict. While withdrawing,?

The Expiry Date Of The Geopolitical Risk Premium In Oil
by Editorial Dept
20 Sep 2019 at 11:00am
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are inching higher on Friday, but the markets remain in a tight range for a third session after posting a more than 10% gain on Monday and a 5% drop on Tuesday. Nonetheless, crude oil is still in a position to finish about 6% higher for the week on the back of elevated tensions in the Middle East, following the September 14 attack on Saudi Arabian oil production facilities. The gains this week are the risk premium traders have placed on the market just in case the?

The Long-Term Effects Of A Crazy Week For Oil
by Editorial Dept
20 Sep 2019 at 11:00am
It has been a busy week for oil traders, and indeed for anyone that follows energy markets and stocks. When news of a drone attack on Saudi oil facilities on Saturday broke, futures surged over nine percent. Then, on Tuesday, when the Saudis claimed that output would return to normal and President Trump talked of the U.S. releasing strategic reserves to stabilize the market, crude gave much of that back. That kind of short-term, news-driven volatility is worrying for traders and investors, but now that the dust has mainly settled, what does it?

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