Saudi Arabia is threatening to start selling its natural resources in currencies other than the US dollar if Washington passes the NOPEC bill exposing OPEC
Category: Geopolitics
Energy Geopolitics: Algeria’s Political Turmoil is Taking Toll on International Oil Deals
The political turmoil in Algeria is taking toll on the country’s energy industry. In the midst of the crisis, a number of pending contracts involving
New Energy Hot Spot: Exxon, in U-Turn, Now Plans Oil Drilling in Israel
The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make Exxon the first oil major 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
China Finds New Oil in the North, Yet Still Lagging Far Behind US Shale Revolution
China has found major shale oil reserves in the north-western part of the country in the Tianjin municipality. The field is home to two wells
Turkish Stream Controversy: Part of Russian-Controlled Pipeline to Pass Through Serbia
Serbia has been given an approval to construct a part of the Turkish Stream pipeline from the Bulgarian to the Hungarian border under the condition
Defying US Sanctions: Saudi Oil ‘Accidentally’ Headed for Venezuela
Saudi Arabia sent a large unusual shipment of oil to Venezuela, with shipments between the two countries being very rare. Supertanker Abqaiq – a very
Energy Geopolitics: In Change of Heart, Now Russia Has Nothing Against Croatia’s LNG Terminal
Croatia’s plan to construct an LNG terminal on its island of Krk has been recently endorsed by Russian Ambassador to the country, Anvar Azimov, in
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
US Sanctions Venezuela’s State-Run Oil Giant PDVSA
The Trump administration started this week by imposing sanctions on Venezuelan state-owned oil company PDVSA with the intention of curbing the country’s crude exports to