Page 8 - Ehsan Khoman News Today

The addition of Iranian crude this year after a potential nuclear deal is unlikely to have a significant impact on global oil markets and the ongoing rally in prices, according to MUFG Bank. Iranian nuclear talks are reaching a decisive point as the incentives for the US to strike a deal with Tehran have increased, ...

GCC economic growth to outperform all its emerging markets’ peers in 2022 except Asia, with the UAE and Saudi Arabia leading this recovery

Tax reforms and structural reforms to accelerate economic diversification efforts

With rising oil prices and a bounce back in economic activity, the GCC countries are expected to record this year first fiscal surplus since 2014, at US$27bn, according to Mitsubishi UFJ Financial Group.

Forecast shows GDP to grow at 6.1% this year; with the GCC surplus to reach $27bn.

The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring, suggesting the current price rally has further to run. Under this “backwardated” market structure, the current price is higher than that of later-dated ...

© Reuters. FILE PHOTO: A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTE

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

By Bozorgmehr Sharafedin LONDON (Reuters) - The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring, suggesting the current price rally has further to run.

Sentiment is bullish on the back of brisk economic activity, strong corporate profits and “very high oil prices,” Nomura’s Tarek Fadlallah said.