Tag: US

  • Why China will keep importing Iranian crude, but volumes will remain limited

    By: Michal Meidan

    On 22 July, 2019, US Secretary of State Mike Pompeo announced the US’s decision to impose sanctions on a Chinese trader, Zhuhai Zhenrong, and its chief executive for ‘knowingly purchasing or acquiring oil from Iran, contrary to US sanctions’. While the US State Department’s decision to designate a Chinese entity may be seen as a sign […]

  • US-China Trade Tensions: Here we go again

    By: Michal Meidan

    The brief reprieve in the US-China tariff tit-for-tat seems to be coming to an end following Donald Trump’s tweet on 1 August, threatening to impose 10 per cent tariffs on $300 billion-worth of Chinese imports effective 1 September 2019. The announcement led to a steep fall in oil prices, as markets fear that the escalating […]

  • OPEC Policy in the Age of Trump

    By: Bassam Fattouh , Andreas Economou

    President Trump’s tweet on February 25 urging OPEC to ‘relax’ and to take it ‘easy’ with their cuts, and that a ‘fragile’ global economy can’t tolerate a higher oil price, did have an immediate price impact, with the Brent price declining by 4 per cent on the day, from nearly $67/b down to $64/b. But […]

  • US climate change policy and the power sector

    By: David Robinson

    On 2 June 2014 the US Environmental Protection Agency (EPA) published its proposed performance standards to reduce CO2 emissions from existing power stations. In 2012, these stations accounted for about 38.5% of US energy-related CO2 emissions, chiefly from coal.  To date, the EPA proposal is the most substantial federal policy initiative aimed at reducing CO2 […]

  • President Obama’s Climate Action Plan

    By: David Robinson

    On 25 June 2013, President Obama issued his Climate Action Plan.  This is his Administration’s best effort to tackle the issues, but it also reflects the inability to pass federal climate change legislation.  The absence of legislation will weaken US influence in key UNFCCC negotiations that are supposed to result in a global agreement by the end […]

  • The Potential Impact of North American LNG Exports

    By: James Henderson

    This paper by James Henderson assesses the status and possible future impact of the growing list of potential LNG export projects in the US and Canada.It focuses on future North American LNG exports which, while subject to political and production performance uncertainty, have the potential to create considerable impact in the likely destination markets of […]

  • On Oil Embargos and the Myth of the Iranian Oil Weapon

    By: Laura El-Katiri , Bassam Fattouh

    The exchange of threats between Iran and the West vis-à-vis Iranian oil exports to European and other consumer countries has received wide attention among policy makers and analysts; IMF officials predict that crude oil prices could increase by as much as 30 percent in case of a halt of Iran’s exports to OECD countries, and […]

  • The Outlook for U.S. Gas Prices in 2020: Henry Hub at $3 or $10?

    By: Michelle Michot Foss

    In this paper Michelle Foss concludes that Henry Hub gas prices could credibly be as low as $3/MMbtu, or as high as $10/MMbtu in 2020 but that the balance of likelihoods is for a price late this decade which is significantly higher than the current $3-4/MMbtu levels of 2011. Michelle Foss’ study looks at the […]