Fitch Ratings: geopolitical instability in the Middle East continues to drive upward risk for oil.
Increasing regulatory uncertainty is also a risk for oil and gas firms.
Fitch Ratings has also predicted that large spare OPEC+ capacity of over 5 million barrels of oil is likely to dampen the oil price rally.
When JP Morgan Chase CEO Jamie Dimon speaks, the world tends to listen. He warned investors that the world may be grappling with one of the most dangerous periods in decades as we see the Israel-Hamas conflict evolve.
As winter approached, Iran was relishing the prospect of falling temperatures that could put Europe in a deep freeze and allow Tehran to bask in the wealth of its formidable natural-gas reserves.
U.S. natural gas prices are back to reflecting the domestic supply and demand balances, shaking off – for now – the geopolitical premium that ruled the energy and natural gas markets throughout most of 2022 after the Russian invasion of Ukraine in February.
The global oil market currently is characterised by the ongoing geopolitical tensions, post-pandemic challenges, supply chain issues and rising inflation, resulting in price hikes