Natural resources and energy
Global oil glut could further depress oil prices
With the global oil supply expected to outpace demand in 2015 and 2016, there is a growing risk from an oil glut that might further slash oil prices. The 50 percent
Does the moon hold the key to the world’s energy crisis?
The worlds largest energy consumers are deeply aware of the urgency of addressing their energy trilemmas – how to balance energy security, energy equity (access and affordability) and environmental sustainability.
Norway still optimistic over Arctic oil
The drastic fall in oil prices has made petroleum explorations in the Barents Sea seemingly unprofitable. Yet, despite severe economic, technological and environmental concerns, the Norwegian government pushes for increased activities,
OPEC’s influence has long been exaggerated
The nearly 50% decline in oil prices questions the future of the Organization of the Petroleum Exporting Countries (OPEC) and casts doubt on its ability to influence prices. However, the
Côte d’Ivoire needs natural gas to satisfy electricity demand
As electricity demand is projected to expand beyond Côte d’Ivoire’s existing supply of power generation sources, the country depends on future discoveries of natural gas to meet its domestic growth
Keystone XL vote increases Washington gridlock
Both the House and Senate have voted to approve the Keystone XL, but President Obama is slated to veto the bill. With important deadlines coming up, the Keystone debate will
Five countries most affected by the oil price crash
Since June 2014, global oil prices have dropped by more than 50%. The drop could strongly affect the economic and political stability of these five oil exporting countries. Oil prices
Lebanon oil and gas offshore exploration mired in risk
Estimates show that Lebanon has significant offshore energy reserves, including more than 120 trillion cubic feet of natural gas. International firms have lined up to begin exploration into these energy fields,
Oil price drop reveals Iraq’s structural problems
“Iraq’s state finances are increasingly vulnerable to a drop in oil prices and the government could have difficulty financing this year’s budget plan.” – IMF Mission Chief for Iraq, 27
Central Eastern Europe and energy diversification
Since the outbreak of the crisis in Ukraine, the Central Eastern European (CEE) countries, namely the Czech Republic, Hungary, Poland and Slovakia, have been facing an increasing pressure to move
