Related Articles
Forward article link
Share PDF with colleagues

Obama's options to ease oil prices: Iran or a risky stock release

An oil price beneath $110 a barrel is no threat to the world’s economic growth, Opec’s secretary-general Abdalla El-Badri told Petroleum Economist after the group’s meeting in June.

An oil price beneath $110 a barrel is no threat to the world’s economic growth, Opec’s secretary-general Abdalla El-Badri told Petroleum Economist after the group’s meeting in June. Since then, the market has rallied. On 22 August, Brent was trading at around $113/b. Bullish sentiment is in command of the market and the global economy is wilting. As US gasoline prices inch up towards $4 a gallon, meanwhile, the soaring oil price is once again undermining President Obama’s re-election hopes. He has two shots to handle the threat to his presidency: a deal with Iran or a strategic stock release. Both are possible. But if he goes with the release it will have to be cleverly targeted and big eno

Also in this section
Serica sanguine on Iran sanctions
13 July 2018
The firm's historic links to Iran are in the spotlight as US sanctions resume
The return of cautious optimism in the North Sea
13 July 2018
The UK’s North Sea hub, braced for production declines, has received a boost from new investments and revived interest from the supermajors
China loans make Venezuela’s outlook more precarious
12 July 2018
Patience is wearing thin among both China and other trading partners