On June 11, major Chinese and Indian oil companies started a formal meeting in Beijing, discussing the establishment of an “oil buyers’ club” to negotiate better prices with OPEC countries. The chairman of China’s biggest energy company China National Petroleum Corporation (CNPC), Wang Yilin, and the chairman of refiner Indian Oil Corporation both […]
By 2020, the U.S. could become the world’s third-largest LNG producer, cutting into Russia’s natural gas exports revenues and further weakening its economy.
Libyan oil coming back online could jeopardize a fragile production cut deal orchestrated by producers cartel OPEC to rebalance the global oil supply glut.
Many had hoped that the overthrow of Muammar Qaddafi in 2011 would herald a new era for Libya. Yet, five years later, stability remains a long-off goal.
Disagreement over how money from the country’s oil, which represents 98% of government revenue, should be distributed is paralyzing Libyan peace efforts.
With a young, restless population and decreased oil revenues, Saudi Arabia needs to abandon its rentier economic system and build a more sustainable model.
Beset by challenges ranging from the collapse in oil prices, to the spreading instability in the region, to criticism from its longtime allies in the United States, Saudi Arabia is facing its most difficult test in decades. But the kingdom has the means to overcome these difficulties, and also has the will to seize a unique opportunity to carry out important reforms.
Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies.
Can public private partnership provide a solution for the financing of energy infrastructure projects, at a time when Iran is facing declining revenues as a result of years of crippling sanctions?
The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the Middle East might have long-term consequences for the region’s stability and global oil supply trends.
Whoever controls the strait of Hormuz also control Iran’s oil security.
U.S. Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif will meet again on March 15 in Lausanne for the final stretch of international negotiations on the Iranian nuclear program.
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