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U.S. Decision to Cease Implementing the Iran Nuclear Agreement

Description: This report analyzes the Trump Administration's decision to pullout from the Joint Comprehensive Plan of Action (JCPOA) and its potential implications. The other powers that negotiated the accord with Iran--Russia, China, France, Britain, and Germany--have consistently asserted that the JCPOA is succeeding in its core objectives and that its implementation should not be jeopardized.
Date: May 9, 2018
Creator: Katzman, Kenneth; Kerr, Paul K. & Heitshusen, Valerie

World Oil Demand and its Effect on Oil Prices

Description: Demand patterns for world oil and oil products show significant diversity by country, region, and product groupings. As a result of this diversity it is not possible to attach blame for the current level of price to any one nation, region, or product segment. The view that the oil market is international in scope and tightly interrelated is enhanced by the demand data. As a result of the integrated nature of the world oil market it is unlikely that any one nation acting on its own can implement policies that isolate its market from broader price behavior. As new major oil importers, notably China, and potentially India, expand their demand, the oil market likely will have to expand production capacity. This promises to increase the world’s dependence on the Persian Gulf members of the Organization of Petroleum Exporting Countries, especially Saudi Arabia, and maintain upward pressure on price.
Date: June 9, 2005
Creator: Pirog, Robert L