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Transforming America’s Power System
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Can AI Help Reduce Emissions of Greenhouse Gases?
Please join the Center on Global Energy Policy (CGEP) at Columbia University's School of International and Public Affairs for a special webinar "Can AI Help Reduce Emissions of...
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Podcast
How Oil Markets Are Responding to Uncertainty in the Middle East
October 15, 2024
Guest
Helima Croft and Javier Blas
Escalating tensions between Israel and Iran, the world’s seventh-largest producer of crude oil, have fueled concern over oil price volatility for the past few weeks.
But the oil market isn’t reacting to geopolitical tensions in the Middle East as dramatically as it has in the past. Despite an ongoing war in Gaza and Israel, Israel’s attack on Hezbollah, and attacks by Houthis in the Red Sea, the price of oil hasn’t changed much. China’s slowing economy and the U.S.’ increased domestic production of oil seem to be keeping prices down… at least for now.
Still, renewed fighting between Israel and Iran has oil markets feeling nervous. A regional war could drive up prices, impacting the global economy.
In an interview recorded Monday, host Jason Bordoff talks with Helima Croft and Javier Blas about the current state of oil markets, and how global instability could impact their future.
Helima is a managing director and head of global commodity strategy and Middle East and North Africa research at RBC Capital Markets. Helima joined RBC Capital Markets from Barclays, where she was a managing director and head of North American commodities research.
Javier is an opinion columnist for Bloomberg covering energy and commodities. Javier is coauthor of the 2021 book “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.”
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China’s Slowing Oil Demand Growth Is Likely to Persist and Could Impact Markets
China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024. Between 2000 and 2023, China accounted for 50 percent of...
Geopolitics and Oil Markets in Uncertain Times: Roundtable Report
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Summaries
by Abhiram Rajendran • August 06, 2024
