While Australian politicians languish in a world blotched by climate change scepticism and fossil fuel love-ins, global oil and gas companies have been shaken. Three titans of oil fame – Shell, ExxonMobil and Chevron – faced a range of decisions in May that promise to dramatically shape their future operations. […]
Escorted by the Venezuelan navy and air force, an Iranian oil tanker named Fortune has entered that country’s waters on Sunday, amidst intense speculation whether the US would interfere with the delivery. The US has imposed oil sanctions against Venezuela and Iran and had said it is monitoring the Iranian […]
While most people are absorbed by the time-distribution measures of the epidemic, the Saudis are questioning the power of their American protector. A showdown between Riyadh and Washington, which was already disrupting the world economy before the spread of Covid-19. President Trump considered taking control of Saudi and Venezuelan oil, which apparently led him to forge new alliances.
A perfect deal is where all protagonists get something out of it. All oil-producing countries stand to gain if oil price rebounds. In bare bones, the OPEC+ group led by Saudi Arabia and Russia finalised in a nail-biting photo finish on Sunday an agreement to steeply cut oil production by […]
The emergency OPEC+ talks that are scheduled for 9 April are the next step in the “New Detente” between the US and Russia even though America won’t formally be represented at that meeting seeing as how Moscow is making moves that show its interest in stabilizing the global energy markets […]
On Monday, the US President Donald Trump literally bit the bullet by telephoning Russian President Vladimir Putin to discuss the state of the energy markets, which are at a crisis point not seen in history. As of last weekend, global oil prices collapsed by over 50 percent and are the […]
This outmost daring move comes at a crucial point in time, and faces us with the realization that Vladimir Putin and Donald Trump are united and have taken humanity to the crossroads of the New World Order and freedom. As I have stated often before, I thought that the world would deeply change between 2020 and 2024.
The optics of the Russian oil leviathan Rosneft’s decision to sell its subsidiary Rosneft Trading SA and sell all its assets in Venezuela after the US Treasury sanctioned its trading arm two weeks ago as part of Washington’s regime change project to oust president Nicolás Maduro, may not look good to the […]
The common refrain is that Saudi Arabia has launched an oil price war against Russia by boosting production and selling at discounted price, which, coming on top of the pressure from demand destruction caused by climate change action and the onslaught on the global financial system from the coronavirus pandemic, […]
Russia’s rejection of its OPEC+ partners’ request to further reduce oil production in response to slumping demand prompted Saudi Arabia to unwisely initiate an oil price war over the weekend as revenge, one which the Gulf country is ill-equipped to wage and which could prospectively catalyze a global economic crisis. […]
What ever happened to Iraq? Is it not an independent country with a democratic government thanks to the 2003 US invasion? So says Washington. The murder of senior Iranian military commander Qassem Soleimani suddenly shone a strobe light on ‘independent’ Iraq, and what we saw was not pretty. Welcome to […]
Two policies are being pursued at the global level. The first aims to defend the future of humanity by putting an end to the main current cause of wars: access to fossil energy sources. The second aims to defend the planet by limiting CO2 production, mainly due to the use of fossil fuels.