Asia Crude: Key Market Indicators for Aug 22-26

Crude oil prices could face further downward pressure over Aug. 22-26 as investors keep an eye out for progress on an Iranian nuclear deal and as Russia’s crude exports continue to prove more resilient than expected, reports Platts.

Front-month ICE October Brent crude futures stood at $95.80/b at 0240 GMT Aug. 22, down 92 cents/b (0.95%) from the Aug. 19 settlement.

Middle East
  • Trade activity for October-loading crude cargoes could ease this week, though some Asian buyers could still seek Middle...

https://mfame.guru/asia-crude-key-market-indicators-for-aug-22-26/

Report to Congress on Iran and Nuclear Weapons

The following is the July 25, 2022, Congressional Research Service In Focus report, Iran and Nuclear Weapons Production.

From the report

Iran’s nuclear program has generated widespread concern that Tehran is pursuing nuclear weapons. According to U.S. intelligence assessments, Tehran has the capacity to produce nuclear weapons at some point, but has halted its nuclear weapons program and has not mastered all of the necessary technologies for building such weapons.

Since the early 2000s, Tehran’s...

https://news.usni.org/2022/08/03/report-to-congress-on-iran-and-nuclear-weapons

Scrubber Investment To become Economic with Biden’s victory

Biden’s victory creates an opportunity to resurrect the Iran nuclear deal, by removing sanctions re-imposed by president Trump in August 2018.

While it may take several years to occur, more Iranian high sulphur fuel oil (HSFO) would drive down HSFO prices compared with the price of very low-sulphur fuel oil (VLSFO).

Sanctions would not disappear under Biden, but he may broaden the sanctions exit route to give Maduro and his military backers more incentives to hold a credible ballot.

HSFO cargo...

https://mfame.guru/scrubber-investment-to-become-economic-with-bidens-victory/

Atlantic Council Panel: Pentagon Turnover Complicating Signals to Allies, Adversaries

DoD Photo

Monday’s removal of Defense Secretary Mark Esper adds more uncertainty as to what adversaries may try and what allies can expect from Washington in the always tricky transition of presidential power, national security experts at the Atlantic Council said Tuesday.

“These are not normal times,” Barry Pavel, director of the Scowcroft Center for Strategy and Security, said at the start of the online forum. In addition to the turnover at the Pentagon and the General Services Administration...

https://news.usni.org/2020/11/11/atlantic-council-panel-pentagon-turnover-complicating-signals-to-allies-adversaries

Report on Iraq and U.S. Policy

The following is the Sept. 29, 2020 Congressional Research Service In Focus report, Iraq and U.S. Policy

From the report

Al Kadhimi Government Facing Numerous Challenges

In May 2020, Iraq’s parliament confirmed Iraqi National Intelligence Service director Mustafa al Kadhimi as Prime Minister, and in June finished confirmation of his cabinet members, bringing months of political deadlock over government leadership to a close. Upon taking office, Al Kadhimi declared that his government would serve...

https://news.usni.org/2020/09/30/report-on-iraq-and-u-s-policy