China has decided to curb its oil exports to North Korea on top of stopping its textiles imports from the rogue country. China’s oil exports
Tag: Russia
Fueling Europe: How to Turn the Mediterranean into an Energy Powerhouse
The European countries have been excited over the past few years about newly discovered gas reserves in the eastern Mediterranean and rightly so. The newly
Market Update: Libya Adds More Oil Challenging OPEC’s Output Freeze
OPEC oil production went up in July by 90,000 barrels per day (bpd) to a 2017 high, driven by a recovery in supply from Libya.
Between a Rock and a Hard Place: For OPEC, the Struggle is Real
Eckart Woertz (Barcelona Center for International Affairs – CIDOB) In December last year, OPEC’s three largest oil producers managed to find common ground on the
Nord Stream 2: Broad Mandate for Gas Talks with Russia Sought by Estonia
Estonia, which took over the presidency of the European Union on 1 July, says that the public discourse around the Nord Stream 2 pipeline project
Statoil Outlook Report: Decoupling Growth From Energy May Be Impossible
The Norwegian oil and gas company Statoil said that it might be impossible to decouple gross domestic product growth from energy, emphasizing the importance of
Market Update: Saudis Contemplating Oil Output Freeze Beyond March 2018
Saudi Energy Minister Khalid al-Falih said that OPEC and other leading non-OPEC producers might need to prolong their output freeze in the future after they
Market Update: Another 9 Months of Oil Production Freeze Approved
Saudi Arabia and non-OPEC Russia have decided to extend production cuts by another 9 months till March 2018 with the aim to tame the global
The Soviet Legacy: Russia to Secure Cuba’s Energy Needs, Raising US Concerns
Russia has started exporting oil to Cuba for the first time this century to make up for the declining shippings from the crisis-ridden Venezuela. A
No Exception for Exxon to Drill in Russia as OPEC Extends Output Freeze
The Organization for Petroleum Exporting Countries (OPEC) has decided in favor of an oil output freeze extension. The cartel would extend the global deal to