Middle East Key Analysis

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No Immediate Threat To Oil Supply

We see no immediate threat to Iraqi oil supplies from attacks by the Islamist militant group ISIS, and we maintain our Brent forecast of USD108/bbl for 2014. We do not expect major gains for ISIS in...

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US Air Strikes Increasingly Likely

Risks that the US will carry out military air strikes in Iraq have increased significantly following attacks by the Islamic State of Iraq and the Levant (ISIS). Iran is expected to further aid the...

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Oil Break Out: All Eyes On Iraq

We anticipate additional gains for Brent crude prices in the coming weeks. The advance of ISIS across major Iraqi cities is pushing Brent prices higher as the geopolitical risk premium is getting...

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