We wish our readers who are celebrating the holidays a joyful Easter and Passover (and in advance, we wish Eid Mubarak to those who will celebrate it later this month). OPEC+ (that is, OPEC plus Russia) made a surprise announcement of production cuts on Monday, bringing the cartel’s total cuts Read more…
A little more than a week ago, the Defense Intelligence Agency released an updated comprehensive report on Iranian conventional and unconventional military capabilities. The report notes: “Since 2016, [Iran’s Supreme Leader, Ayatollah] Khamenei and other senior leaders have suggested that Iran be more proactive in defending its territory and interests Read more…
Last Saturday, a missile and drone strike on Saudi Arabia took out about half the Kingdom’s daily production capacity — 5.7 million barrels per day (bpd), or about 5% of the global total. About a third of that lost capacity was restored rapidly, within 24 hours; on Tuesday, Reuters reported that Read more…
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