A geopolitical risk premium is the part of the oil price that reflects feared supply disruption, not actual lost barrels. Here is how it builds, why chokepoints amplify it, and why it collapses faster than it forms when a conflict ends.
The IEA publishes the monthly Oil Market Report that moves prices and sets the global supply narrative. Here's what it is, how it works, and why it's not the same as the EIA.
Twenty percent of the world's oil supply moves through a waterway 21 miles wide at its narrowest point. Here's what Hormuz is, why it matters, and what happens when it closes.
OPEC+ is the most powerful production cartel in the world. Here's how it works, who's in it, why it matters, and where its limits are.