U.S. crude oil falls more than 2% as market hopes Libya production halt will be short lived
CNBC, August 27, 2024
U.S. crude oil futures fell more than 2% to close below $76 per barrel on Tuesday, after surging in the previous session on reports OPEC member Libya will halt production and exports.
Libya produces about 1.2 million barrels per day with the overwhelming majority of its crude exported to the global market, and European nations serving as the main buyers. U.S. oil surged because it is the best substitute for importers looking to replace lost Libyan supply.
But the U.S. benchmark is pulling back slightly as the market expects a gradual disruption rather than all of Libya’s production suddenly going offline, Sara Vakhshouri, founder of SVB Energy International, told CNBC’s “Capital Connection” on Tuesday.
Energy Security Cubed: The Energy Impact of the Israel-Iran Conflict with Sara Vakhshouri
Canadian Global Affairs Institute (CGAI), April 25, 2024
On this episode of the Energy Security Cubed Podcast, Kelly Ogle and Joe Calnan interview Sara Vakhshouri about the risks of a hot war between Israel and Iran, and the muted energy reaction to these risks.
OPEC meeting regularly to maintain market balance, consulting firm says
CNBC, April 4, 2024
دراسة أميركية تبرهن على دور أوبك في استقرار سوق النفط
Al Arabyia, Feb 25, 2024
Navigating dominant narratives and data accuracy: Implications for energy security
Atlantic Council, April 23, 2024
Energy market forecasts create data-driven narratives that economists and lawmakers use to inform consequential policy and investment decisions.
Projections by influential international energy organizations, including the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC), vary widely.
This discrepancy not only creates uncertainty within the market but also has the potential to impact market decisions and, ultimately, undermine energy security.
Moving forward, organizations must improve data accuracy and transparency, so that stakeholders can navigate energy market uncertainties with confidence, ensuring a resilient, sustainable, and inclusive energy future.
What’s Next for Oil? Analysts Weigh In After Iran’s Attack
Bloomberg, April 14, 2024
Maintain Its Balance — SVB Energy
“If the recent retaliatory attacks between Iran and Israel cease at their current level, or refrain from escalating in the region without causing damage to oil production and export facilities, the market should maintain its balance,” said Sara Vakhshouri, founder and president of SVB Energy International LLC. “Market fundamentals appear stable, with OPEC+ closely monitoring the rising demand expected for the summer season. Should there be any supply shortages in the market, OPEC+ might consider reducing voluntary cuts and increasing production.”
OPEC+ Members to Remain Unpredictable, Says Vakhshouri
Bloomberg, March 21, 2024
Nuclear Energy in the Global Energy Landscape
Oxford Institute for Energy Studies, Feb 21, 2024
OPEC messaging is fundamental to energy security, consulting firm says
CNBC, Feb 21, 2024
https://calgaryherald.com/business/energy/weaker-oil-prices-relief-consumers-2024
Calgary Herald, Jan 08, 2024
“Canada is expected to provide around 200,000 barrels of additional (oil) supply (in 2024),” said Sara Vakhshouri, founder and president of energy consulting firm SVB Energy International, in an email.