US efforts to manage the global energy market by selling strategic reserves

2022/04/12 | Economy, interview, top news

Strategic Council Online—Interview: An international economics professor said that the US decision to bring its reserved oil to market was a temporary solution and could not continue in the long run, adding that it would be impossible to absolutely embargo Russia and in the long term, Europe would move to find alternatives in cooperation with the United States for Russia’s energy and even count on cooperation and investment in Iran’s energy industry.

Komeil Tayyebi told the Strategic Council on Foreign Relations that the United States has decided to present its reserved oil to global markets in order to reduce its rising price and exert more pressure on Russia.

“Although we have not fully entered the post-corona era, the challenges of the early period and the peak of the corona have diminished. At a time when many economic activities, especially in the transport and energy-intensive industries, have increased their activities, it is natural for new market demands to emerge”.

He added that even before the Ukraine crisis began, we saw rising oil prices due to rising demand for oil and petroleum products.

He emphasized that with the start of the war in Ukraine, the oil and food markets have been affected, and the longer the war lasts, the more these consequences will manifest themselves and the shortages in the world market will be created.

This Esfahan University College of Economics’ professor said Russia is the world’s biggest supplier of gas for industries and economies and a major exporter of oil.

“In the current situation, the market, along with increasing demand, is experiencing a decrease in supply. Although declining oil supply creates opportunities for other oil-exporting countries, rising prices have had consequences. Rising prices increase production costs, especially in oil-importing countries, which are mainly industrialized. It will even raise the price of energy carriers and create inflation that is largely unbearable for these countries in practice”.

Tayyebi said gas prices in Europe reached 345 euros per megawatt hour last winter, compared to just 20 euros per megawatt hour the year earlier.

He added that rising prices have been higher than expected, affecting consumer welfare and increasing the cost of producing industrial units. Under these circumstances, the United States, despite its abundant oil resources, seeks to bring some of these reserves to market to reduce the risk of oil shocks and to cover them.

“It should take about seven years to change energy policies in developed countries, especially European countries, so that they move towards investing in renewable energy and try to reduce their dependence on oil. Given this shortage of supply and rising demand, there are good opportunities for oil-exporting countries to sell more oil in the market”.

Tayyebi said the United States is making efforts to take energy as a political tool from Russia and has announced that it is intending to use one million barrels of oil per day of its strategic reserves in order to break the prices.

“In the last two years or so, we have seen about 7% inflation in the United States. If, due to rising oil prices and the oil shock, inflation due to production costs occurs and inflation reaches 10 percent and becomes double digits, it will have several consequences for the United States. The challenges for the US government will increase, especially with the congressional election”.

Referring to the tension created in the oil and gas market and the probability of boosting cooperation among petroleum producing countries in the form of a collective measure to create stability, he said that under these circumstances, the West may be able to provide an opportunity for Iran to address some of energy shortages in the world market by accelerating agreements and negotiations with Iran.

Pointing to the increase in oil exports of Iraq and talks to increase Saudi Arabia’s oil exports, as well as US efforts to reduce political tension in the region, he said that global buyers are pushing for alternative sources of crude oil, which has boosted US oil exports as the world’s largest crude producer in recent weeks.

“According to reports, the country’s crude oil exports in the week ending March 18 increased to 3.8 million barrels per day, which is the highest figure since July 2021 and the lowest figure of reserves in the last 4 years. In addition, the United States has offered the highest discount in the last two years for market management in this period”.

Referring to the US efforts to realize maximum energy embargo on Russia and the cooperation of other countries in order to exert pressure on Moscow, he said that despite the provision of this oil reserve, sanctions against Russia are absolutely not possible.

“We only may see restrictions on energy imports from Russia; But in the long run, Europe is moving to find alternatives to Russia with the cooperation of the United States, and even count on cooperation and investment in Iran’s energy industry, because Europe sees Russia as a more serious threat and Russia has failed in the war to attract the support of other countries”.

He said that the US decision to bring its reserved oil to market is a temporary solution, and we have seen such policies before. “During this period, the United States is trying to manage the market as much as it can, but this cannot continue in the long run”.

Corona | Energy | global energy market | Iran | Komeil Tayyebi | sanctions against Russia | strategic reserves | Ukraine war

https://scfr.ir/en/?p=141166

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

LATEST CONTENT

Europe’s Enduring Dependence on Persian Gulf Energy

Europe’s Enduring Dependence on Persian Gulf Energy

2026/05/28

SCFR Online – Opinion: The dominant discourse in the field of European energy security over the past two decades has revolved around diversification of supply sources and the gradual reduction of dependence on fossil fuels. This narrative, which gained particular momentum after the Ukraine gas crisis in 2006 and its intensification in 2014 and 2022, was based on the assumption that Europe could free itself from the geopolitical vulnerabilities arising from dependence on specific suppliers through investment in renewable energy, imports of liquefied natural gas from diversified sources, and the establishment of new infrastructure. However, a closer analysis of energy trade data and the structure of the global oil and gas supply chain presents a different picture. Europe has not only failed to meaningfully reduce its dependence on the Persian Gulf, but in some sectors — particularly in liquefied natural gas imports — this dependence has deepened. This reality, which is often overlooked in public discourse, raises fundamental questions about the sustainability of Europe’s energy security strategies and their impact on regional power equations.

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

2026/05/27

SCFR Online – Opinion: In modern warfare, it has always been assumed that the more expensive, and advanced the weapon—particularly from well-known companies—the more certain the victory will be. However, developments on the northern front of occupied Palestine in recent months have challenged this long-held belief. Here, the Zionist regime’s military, despite possessing the most advanced defense systems such as Iron Dome, David’s Sling, and Arrow, as well as fifth-generation F-35 fighter jets, Merkava tanks, and other modern equipment found in few countries worldwide, has effectively been rendered helpless against Hezbollah Lebanon’s few-hundred-dollar drones. Benjamin Netanyahu’s bitter admission regarding the inability to counter this threat, and his order to allocate an unlimited budget to find a solution, underscores the reality that the era of pure superiority through expensive technologies has come to an end.

The Impact of West Asian Developments on the Ukraine War

The Impact of West Asian Developments on the Ukraine War

2026/05/25

SCFR Online – Note: Vladimir Putin, President of Russia, recently announced—more than four years after the commencement of military aggression against Ukraine—that he believes the conflict between Russia and Ukraine is drawing to a close.

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

2026/05/23

SCFR Online – Opinion: The recent visit of the President of the United States to China is significant from various aspects; because China is recognized as the world’s second-largest economic power and a growing economy. The Chinese are also advancing in various fields, including the space sector, artificial intelligence, and military industries; to the extent that in the military sector, whereas they previously lacked an aircraft carrier, they now possess their third aircraft carrier. On the other hand, the United States, as a superpower, has always regarded China as its rival and continues to view it as such today.

Loading

Últimas publicaciones

Europe’s Enduring Dependence on Persian Gulf Energy

Europe’s Enduring Dependence on Persian Gulf Energy

2026/28/05

SCFR Online – Opinion: The dominant discourse in the field of European energy security over the past two decades has revolved around diversification of supply sources and the gradual reduction of dependence on fossil fuels. This narrative, which gained particular momentum after the Ukraine gas crisis in 2006 and its intensification in 2014 and 2022, was based on the assumption that Europe could free itself from the geopolitical vulnerabilities arising from dependence on specific suppliers through investment in renewable energy, imports of liquefied natural gas from diversified sources, and the establishment of new infrastructure. However, a closer analysis of energy trade data and the structure of the global oil and gas supply chain presents a different picture. Europe has not only failed to meaningfully reduce its dependence on the Persian Gulf, but in some sectors — particularly in liquefied natural gas imports — this dependence has deepened. This reality, which is often overlooked in public discourse, raises fundamental questions about the sustainability of Europe’s energy security strategies and their impact on regional power equations.

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

2026/27/05

SCFR Online – Opinion: In modern warfare, it has always been assumed that the more expensive, and advanced the weapon—particularly from well-known companies—the more certain the victory will be. However, developments on the northern front of occupied Palestine in recent months have challenged this long-held belief. Here, the Zionist regime’s military, despite possessing the most advanced defense systems such as Iron Dome, David’s Sling, and Arrow, as well as fifth-generation F-35 fighter jets, Merkava tanks, and other modern equipment found in few countries worldwide, has effectively been rendered helpless against Hezbollah Lebanon’s few-hundred-dollar drones. Benjamin Netanyahu’s bitter admission regarding the inability to counter this threat, and his order to allocate an unlimited budget to find a solution, underscores the reality that the era of pure superiority through expensive technologies has come to an end.

The Impact of West Asian Developments on the Ukraine War

The Impact of West Asian Developments on the Ukraine War

2026/25/05

SCFR Online – Note: Vladimir Putin, President of Russia, recently announced—more than four years after the commencement of military aggression against Ukraine—that he believes the conflict between Russia and Ukraine is drawing to a close.

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

2026/23/05

SCFR Online – Opinion: The recent visit of the President of the United States to China is significant from various aspects; because China is recognized as the world’s second-largest economic power and a growing economy. The Chinese are also advancing in various fields, including the space sector, artificial intelligence, and military industries; to the extent that in the military sector, whereas they previously lacked an aircraft carrier, they now possess their third aircraft carrier. On the other hand, the United States, as a superpower, has always regarded China as its rival and continues to view it as such today.

Loading

DERNIER CONTENU

Europe’s Enduring Dependence on Persian Gulf Energy

Europe’s Enduring Dependence on Persian Gulf Energy

2026/28/05

SCFR Online – Opinion: The dominant discourse in the field of European energy security over the past two decades has revolved around diversification of supply sources and the gradual reduction of dependence on fossil fuels. This narrative, which gained particular momentum after the Ukraine gas crisis in 2006 and its intensification in 2014 and 2022, was based on the assumption that Europe could free itself from the geopolitical vulnerabilities arising from dependence on specific suppliers through investment in renewable energy, imports of liquefied natural gas from diversified sources, and the establishment of new infrastructure. However, a closer analysis of energy trade data and the structure of the global oil and gas supply chain presents a different picture. Europe has not only failed to meaningfully reduce its dependence on the Persian Gulf, but in some sectors — particularly in liquefied natural gas imports — this dependence has deepened. This reality, which is often overlooked in public discourse, raises fundamental questions about the sustainability of Europe’s energy security strategies and their impact on regional power equations.

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

2026/27/05

SCFR Online – Opinion: In modern warfare, it has always been assumed that the more expensive, and advanced the weapon—particularly from well-known companies—the more certain the victory will be. However, developments on the northern front of occupied Palestine in recent months have challenged this long-held belief. Here, the Zionist regime’s military, despite possessing the most advanced defense systems such as Iron Dome, David’s Sling, and Arrow, as well as fifth-generation F-35 fighter jets, Merkava tanks, and other modern equipment found in few countries worldwide, has effectively been rendered helpless against Hezbollah Lebanon’s few-hundred-dollar drones. Benjamin Netanyahu’s bitter admission regarding the inability to counter this threat, and his order to allocate an unlimited budget to find a solution, underscores the reality that the era of pure superiority through expensive technologies has come to an end.

The Impact of West Asian Developments on the Ukraine War

The Impact of West Asian Developments on the Ukraine War

2026/25/05

SCFR Online – Note: Vladimir Putin, President of Russia, recently announced—more than four years after the commencement of military aggression against Ukraine—that he believes the conflict between Russia and Ukraine is drawing to a close.

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

2026/23/05

SCFR Online – Opinion: The recent visit of the President of the United States to China is significant from various aspects; because China is recognized as the world’s second-largest economic power and a growing economy. The Chinese are also advancing in various fields, including the space sector, artificial intelligence, and military industries; to the extent that in the military sector, whereas they previously lacked an aircraft carrier, they now possess their third aircraft carrier. On the other hand, the United States, as a superpower, has always regarded China as its rival and continues to view it as such today.

Loading

DERNIER CONTENU

Europe’s Enduring Dependence on Persian Gulf Energy

Europe’s Enduring Dependence on Persian Gulf Energy

2026/28/05

SCFR Online – Opinion: The dominant discourse in the field of European energy security over the past two decades has revolved around diversification of supply sources and the gradual reduction of dependence on fossil fuels. This narrative, which gained particular momentum after the Ukraine gas crisis in 2006 and its intensification in 2014 and 2022, was based on the assumption that Europe could free itself from the geopolitical vulnerabilities arising from dependence on specific suppliers through investment in renewable energy, imports of liquefied natural gas from diversified sources, and the establishment of new infrastructure. However, a closer analysis of energy trade data and the structure of the global oil and gas supply chain presents a different picture. Europe has not only failed to meaningfully reduce its dependence on the Persian Gulf, but in some sectors — particularly in liquefied natural gas imports — this dependence has deepened. This reality, which is often overlooked in public discourse, raises fundamental questions about the sustainability of Europe’s energy security strategies and their impact on regional power equations.

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

2026/27/05

SCFR Online – Opinion: In modern warfare, it has always been assumed that the more expensive, and advanced the weapon—particularly from well-known companies—the more certain the victory will be. However, developments on the northern front of occupied Palestine in recent months have challenged this long-held belief. Here, the Zionist regime’s military, despite possessing the most advanced defense systems such as Iron Dome, David’s Sling, and Arrow, as well as fifth-generation F-35 fighter jets, Merkava tanks, and other modern equipment found in few countries worldwide, has effectively been rendered helpless against Hezbollah Lebanon’s few-hundred-dollar drones. Benjamin Netanyahu’s bitter admission regarding the inability to counter this threat, and his order to allocate an unlimited budget to find a solution, underscores the reality that the era of pure superiority through expensive technologies has come to an end.

The Impact of West Asian Developments on the Ukraine War

The Impact of West Asian Developments on the Ukraine War

2026/25/05

SCFR Online – Note: Vladimir Putin, President of Russia, recently announced—more than four years after the commencement of military aggression against Ukraine—that he believes the conflict between Russia and Ukraine is drawing to a close.

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

2026/23/05

SCFR Online – Opinion: The recent visit of the President of the United States to China is significant from various aspects; because China is recognized as the world’s second-largest economic power and a growing economy. The Chinese are also advancing in various fields, including the space sector, artificial intelligence, and military industries; to the extent that in the military sector, whereas they previously lacked an aircraft carrier, they now possess their third aircraft carrier. On the other hand, the United States, as a superpower, has always regarded China as its rival and continues to view it as such today.

Loading

DERNIER CONTENU

Europe’s Enduring Dependence on Persian Gulf Energy

Europe’s Enduring Dependence on Persian Gulf Energy

2026/28/05

SCFR Online – Opinion: The dominant discourse in the field of European energy security over the past two decades has revolved around diversification of supply sources and the gradual reduction of dependence on fossil fuels. This narrative, which gained particular momentum after the Ukraine gas crisis in 2006 and its intensification in 2014 and 2022, was based on the assumption that Europe could free itself from the geopolitical vulnerabilities arising from dependence on specific suppliers through investment in renewable energy, imports of liquefied natural gas from diversified sources, and the establishment of new infrastructure. However, a closer analysis of energy trade data and the structure of the global oil and gas supply chain presents a different picture. Europe has not only failed to meaningfully reduce its dependence on the Persian Gulf, but in some sectors — particularly in liquefied natural gas imports — this dependence has deepened. This reality, which is often overlooked in public discourse, raises fundamental questions about the sustainability of Europe’s energy security strategies and their impact on regional power equations.

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

The Challenge of Hezbollah’s Low-Cost “FPV” Drones for the Zionist Regime

2026/27/05

SCFR Online – Opinion: In modern warfare, it has always been assumed that the more expensive, and advanced the weapon—particularly from well-known companies—the more certain the victory will be. However, developments on the northern front of occupied Palestine in recent months have challenged this long-held belief. Here, the Zionist regime’s military, despite possessing the most advanced defense systems such as Iron Dome, David’s Sling, and Arrow, as well as fifth-generation F-35 fighter jets, Merkava tanks, and other modern equipment found in few countries worldwide, has effectively been rendered helpless against Hezbollah Lebanon’s few-hundred-dollar drones. Benjamin Netanyahu’s bitter admission regarding the inability to counter this threat, and his order to allocate an unlimited budget to find a solution, underscores the reality that the era of pure superiority through expensive technologies has come to an end.

The Impact of West Asian Developments on the Ukraine War

The Impact of West Asian Developments on the Ukraine War

2026/25/05

SCFR Online – Note: Vladimir Putin, President of Russia, recently announced—more than four years after the commencement of military aggression against Ukraine—that he believes the conflict between Russia and Ukraine is drawing to a close.

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

Temporary China–U.S. Trade Truce in the Shadow of Fundamental Distrust

2026/23/05

SCFR Online – Opinion: The recent visit of the President of the United States to China is significant from various aspects; because China is recognized as the world’s second-largest economic power and a growing economy. The Chinese are also advancing in various fields, including the space sector, artificial intelligence, and military industries; to the extent that in the military sector, whereas they previously lacked an aircraft carrier, they now possess their third aircraft carrier. On the other hand, the United States, as a superpower, has always regarded China as its rival and continues to view it as such today.

Loading