The Latest Breaking News from Ben Cahill

Markets Have Often Moved After Trump's Social Media Posts. A Study Suggests That is Fading.

Oil analyst Ben Cahill told Axios that initially markets "overreacted" to Trump posts. After the first few weeks, that began to change.

International Business Times · Aug 21

Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says

“Unless Strait of Hormuz transit resumes, the stress in refined products and the shortages we’re seeing across Asia will spread, and quickly.”

Fortune · Apr 3

Why oil prices aren't even higher after Iran strikes

Oil hasn't yet approached the $100-per-barrel — or higher — level that numerous market-watchers say is possible.

Axios · Mar 3

Which European nations are handling the energy crisis best?

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts.

Al Jazeera · Dec 20, 2022

Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike.

Reuters · Dec 6, 2022

What to know about the West's new efforts to slash Russia's oil revenue

Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.

WEKU · Dec 2, 2022

GOP pans oil reserve sale despite a long and bipartisan history

WASHINGTON — After the Biden administration announced the latest sale of crude oil from the Strategic Petroleum Reserve to put a damper on pump prices earlier this week, Republican lawmakers called the move a stunt to mollify gasoline price-sensitive voters before the election in November.

Tribune News Service · Oct 24, 2022

GOP pans oil reserve sale despite a long and bipartisan history - Roll Call

Presidents from both parties have ordered sales from the Strategic Petroleum Reserve to soften spikes in gas prices.

Roll Call · Oct 24, 2022

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

The OPEC+ organization's decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts…

Reuters · Oct 7, 2022

Allies aim for risky Russian oil price cap as winter nears

U.S. officials celebrated at the start of September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash

The Independent UK · Oct 2, 2022