OGJ Newsletter

Market MovementIEA sees geopolitical risks still driving oil marketIn its most recent report, the International Energy Agency warns that while the geopolitical risk premium that drove the crude oil market from February until May might seem to have eased, it in fact has not. IEA sees little reason that oil market sentiment should be less bullish now than it was a month ago.The Paris-based agency cites continuing Israeli-Palestinian tensions, the threat of global terrorism, and the war on terrorism in addition to delayed US-led military action against Iraq as evidence that there remains a heightened level of risk. IEA mentions the threat of a confrontation between India and Pakistan and con...

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