Tag "Oil"
South Sudan faces impending economic collapse
Oil production has been slashed and oil revenues hurt by falling prices, depriving the government in Juba of most of the money it desperately needs. The UN warns that South
Saudi Arabia’s new foreign policy is assertive, but risky
When King Salman assumed the throne in January, most regional commentators expected continuity in Saudi Arabia. The Saudi-led airstrikes against the Houthi rebels in Yemen shows, however, that Riyadh is
Russia-Iran weapons sale a deal of mutual opportunity
The Kremlin’s decision last week to lift a ban on the sale of the S-300 air-defense missile system to Iran has sparked widespread political backlash from those who fear Iran’s growing
Despite Iran deal, price war will dominate 2015 oil markets
Regardless of the final outcome of Iran’s nuclear programme negotiations, the coming months will see a continuing price war between OPEC producers and the shrinking US shale sector. The recent agreement
Islamist militias take key oil fields in Libya
Libya goes from bad to worse and approaches failed state status. The implications could be far-reaching. Bad news out of Libya has become the norm since the ousting of Muammar
China forced to rethink role in Middle East
In recent years, China’s presence in the Middle East has taken on greater significance through deepening economic ties. China is now the second largest trading partner with Arab nations, jumping to
Hope ahead for Baghdad’s future
From the 1950s to the 1970s, Baghdad was on the path towards modernization and prosperity. The decades of conflict that followed left the once vibrant city in stagnation. However, things
Will Petrobras halt Brazil’s recovery?
Brazil’s state-run oil company, Petrobras, had its investment grade cut by Moody’s, aggravating uncertainty over whether it will be up to the Brazilian government to back up the oil giant.
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.
