Russian state-run giant, Gazprom, threatened on Tuesday (24 February) that it could potentially cut off its gas supplies to Ukraine within two days, thus putting
Category: Geopolitics
Rosneft’s Boss Blames OPEC and the U.S. for Cheap Oil
The boss of the Russian state-run oil company, Rosneft, Igor Sechin, criticized OPEC’s decision not to cut production on the sidelines of the International Petroleum
EU Energy Boss Calls for New Russia-Ukraine Gas Talks
EU energy chief, Maros Sefcovic, said on Friday (6 February) that the European Union was readying to convince Russia to renew its negotiations with Ukraine
Oil Drops below $45 while OPEC Standing Firm on Output
The Organization for Petroleum Exporting Countries (OPEC) is unshakable in its decision not to cut oil production to prop up prices. The cartel still insists
OPEC: Iran and Venezuela to Lobby Together for Higher Prices
Iran’s leader Ayatollah Ali Khamenei confirmed during his meeting with Venezuela’s president on Saturday (10 January) that he supported the cooperation of both countries to
U.S. Intensifies the Sale of its Light Crude Abroad
Washington has widened oil export cap and thus opened a new front in the battle for oil market share readying the global markets for as
Libya Fighting Spreads: Extremists Seek to Capture More Oil and Gas Resources
As Libya’s armed groups fought for control over the country’s largest oil depot in the eastern port of Es Sider, a rocket set a storage
IEA Gives the EU Feedback on its Planned Energy Union
The International Energy Agency (IEA) said that the European Union had made a major progress in liberalizing energy market and its global leadership on climate
Libya’s Major Oilfield Remains Shut Down
Libya’s El Sharara oilfield, one of the OPEC’s biggest ones producing about 200,000 barrels per day remains closed down. The closed field is a result
Commodities Imports Affected by China Increasing Protectionism
Companies and commodity traders have been increasingly complaining about China’s use of non-tariff barriers ranging from customs clearance to quality restrictions to curb raw material