Reflections from Munich 2026
I’m en route home after a week in Europe—first at the Oslo Energy Forum and then at the Munich Security Conference. Munich generated considerable news and drama, but...
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Trump abandoning the Iran nuclear pact could trigger a diplomatic crisis and jolt oil markets.
I’m en route home after a week in Europe—first at the Oslo Energy Forum and then at the Munich Security Conference. Munich generated considerable news and drama, but...
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Multiple US–Iran conflict scenarios carry materially different risks for global oil infrastructure, transit routes, and prices.
China’s crude oil imports hit a record-high 11.6 million barrels per day in 2025, as geopolitical tensions, low oil prices, and global oversupply spurred China to increase its oil stockpiles, a trend likely to continue in 2026.
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.