OPEC agreed on Wednesday (28 September) to freeze its output for the first time since 2008 after Saudi Arabia had changed its mind amidst pressure
Category: Geopolitics
Naftogaz’s Gas Imports from Europe Threatened
The Charter of Naftogaz, the national oil and gas company of Ukraine, has been changed in violation of a contract with foreign creditors, a decision
New Gas Discoveries Pump Up the Future of Southern Corridor
According to Azerbaijan, natural gas produced in the Absheron offshore gas field in the Caspian Sea could be exported to Europe through Southern Corridor (SGC).
Militants Attacks Nigeria’s Oil Pipelines
Nigerian oil pipelines in the southern Niger Delta energy hub, which belonged to Italy’s Eni and Aiteo, were blown up by militants. The blasts were
Major Shift in the Oil Market: Russia Becomes China’s Top Crude Supplier
Russia overtook Saudi Arabia as China’s largest oil supplier in May, which marked the third consecutive month that Moscow has beat out Riyadh as the
Ukraine in Talks with Gazprom: Eying the Russian Gas for Winter 2016/2017
Ukraine’s Naftogaz has started talks with Gazprom regarding gas supplies for the second half of 2016 and the first quarter of 2017. Given the annexation
Battling for Market Share: Saudi Arabia Wants Asia Buy More Oil
Ahead of the first OPEC meeting under the new Saudi oil minister, the Gulf Kingdom is offering extra crude to its Asian customers, a sign
EU Parliament Demands a Halt of Nord Stream Project
The European Parliament criticized on Monday (9 May) the planned Nord Stream 2 gas pipeline project, leading from Russia to Europe, with many Members of
Geopolitics of Oil: Saudi Arabia Appoints a New Energy Minister
Saudi Arabia on Saturday (7 May) appointed a new energy minister, replacing Ali al-Naimi, who held the post since 1995. The new head of the
OPEC Fails to Agree on a Production Freeze
Yesterday’s (17 April) marathon negotiation session in Doha among the world’s biggest oil producers failed to produce an output freeze, a decision that could cause