What are the challenges the United States is facing to shore up ties with unsatisfied allies in the Middle East and North Africa (MENA) region
Tag: OPEC
Geopolitics of Energy: Can Europe Manage Without Russian Oil and Coal?
“A stop to Russian oil and coal supplies would push Europe into a short and painful adjustment period,” argues a recent blog post in Bruegel,
Beyond Petrostates: The Burning Need to Cut Oil Dependence in the Energy Transition
The world’s poorest oil-dependent countries are set to take the biggest hit in the transition away from fossil fuels, according to a report titled ‚Beyond
Geopolitics of Energy: Crude Recovery Uncertain Despite OPEC+ Oil Cut Deal
Despite recent uptick in prices, Brent and WTI are down around 45% from their pre-pandemic peaks earlier in the year. Oil prices remained rather steady
Energy, Climate and the COVID-19 Shocks: Double or Quits
The shocks from COVID-19 likely to affect energy and the climate are multiple and unprecedented in scale and scope. Shocks from collapsing prices due to
Geopolitics of Energy: Oil Prices Rise as Political Crisis in Venezuela Escalates
Oil prices have risen after Venezuelan opposition leader Juan Guaido called for military support to put an end to President Nicolas Maduro’s rule but pared
Iran-Venezuela Sanctions Fallout: EU Paying the Price for High Oil While Russia Benefits
European refiners are bearing the brunt of the impact of US oil sanctions on Venezuela and Iran as they are having a hard time to
Energy Geopolitics: US Plans to Bring Iranian Oil in Global Markets to Zero
Iran is estimated to have lost up to $10 billion since US sanctions were re-imposed in November last year as a result of which 1.5
Pivoting Away from the Middle East: India’s Oil Major Signs First Deal for American Crude
Indian Oil Corp (IOC), the country’s major refining company, has finalized its first annual deal to buy US oil, paying about $1.5 billion for 60,000
Oil Market Update: Russia Lags Behind in OPEC Production Cut Compliance
Russian oil producers pulled out their first 42,000 barrels per day from the market last month under the OPEC production-cut deal, a bit lower than