Sober Look

Rising energy prices have been the first signs of another potential blow to the US economy due to a military confrontation in Syria ( see ...

For the first time in some 2.5 years Brent-WTI spread ( discussed here ) has traded around $5/barrel. The two types of crude oil represen...

Facing concerns about dwindling oil production capacity (ability to supply incremental amounts of crude into the market) Iran responded ba...

A couple of weeks ago the IEA announced that Iran's oil exports have spiked to 1.3 million barrels per day (mbpd) in October from 1 mb...

Crude oil prices have been on a steady decline in the past couple of weeks as global demand remains weak. These declines are pressuring Ir...

More worrisome signs are emerging of deteriorating economic conditions in Iran. Here are some of the latest news quotes: 1. Crude outp...

Iran's internal instability continues to pose significant risks to the region. As discussed earlier ( see post ), the currency collaps...

Given the numerous discussions on Iran ( such as this one  back in August), it should come as no surprise to Sober Look readers that Ira...

1. Iranian Oil Minister: Iranian Oil Minister Rostam Qassemi FAR S: - " The amount of the country's crude oil production t...

Internal conditions in Iran continue to deteriorate. The street value of Iran's currency (the rial) has hit new lows as the currency d...

Iran's oil output hit a new low recently as sanctions, particularly those from the EU took hold. The chart below points to an unpreced...

JPMorgan's commodities analysts draw some frightening parallels between the current Israel - Iran tensions ( discussed here ) and the ...

As discussed back in June , the projections of Brent and WTI crude oil convergence did not materialize. Goldman's prediction that we w...

Brent crude oil priced in euros hit a new high closing price today of €94.83/barrel, exceeding the highs reached in 08 as well as early th...

Iran's leadership is now openly admitting that the nation is facing an economic crisis. Of course the cause according to them is a ...

Per yesterday's discussion on rising food prices, it will be the people of the weaker third world economies who will suffer the most ...

The recent OPEC report is showing that Iran's oil production continues to decline, apparently falling to a 20-year low. FT : - Iran’...

There is a great deal of focus this morning on China's import growth in June. The expectations were 10.9% YOY growth, but the actual n...

Once again Iran is threatening to close off the Strait of Hormuz in the Persian Gulf. FARS : - "If we eventually feel that our eco...