OPEC countries and Russia’s allies recently agreed in principle to cut their oil output by more than a fifth and said that they expected the US and other nations to join in their effort to prop up prices that have...
Oil tariffs may soon be coming from the Trump administration. On Saturday, US President Donald Trump said tariffs are one of the options he is considering to rescue the American oil industry that has seen its revenues free-fall. “I am...
US President Donald Trump is eager to put an end to the Russia–Saudi Arabia oil price war that has helped decimate global crude prices. In a tweet Thursday, he said he is trying to broker a deal between the competing...
The coronavirus (Covid-19) outbreak, which supposedly started in a wet market in Wuhan, China, has not only caused global panic and claimed thousands of lives, it has also hurt numerous business sectors. This includes the fossil fuel energy sector, which...
Petrostates — governments that largely depend on oil revenues to sustain themselves — could be in their twilight, Chris Miller wrote recently for Foreign Policy. The Covid-19 coronavirus global epidemic has seen oildemand tailspin. Russia’s rejection of OPEC+ demands to...
Oil prices plummeted by more than 30% on Monday, March 9 amid Coronavirus fears. A price war between two of the world’s largest oil producers, Russia and Saudi Arabia, pushed investors, already frightened by the coronavirus outbreak, to liquidate assets....
Russia broke from OPEC on Friday, refusing calls to decrease oil production. President Vladimir Putin ordered his energy minister, Alexander Novak, to inform Saudi Prince Abdulaziz bin Salman of the decision, a message delivered early Friday morning at OPEC headquarters...
Nations are eyeing the Arctic, formerly an undeveloped area protected by thick layers of ice, snow and bitter temperatures, now that climate change is nipping away at nature’s obstacles. It has spawned what amounts to a new cold war as...
Only one day after a dual Russian-Chinese veto at the UN Security Council thwarted a resolution to allow cross-border supplies and aid deliveries from Turkey and Iraq into Syria—presented by Germany, Belgium and Kuwait on Friday—near-simultaneous attacks believed to have...
The state of the Egyptian military’s involvement in politics is hidden from no one: the country has been ruled by members of the armed forces for almost 65 of 66-years post-independence history. From the long, illustrious role of Gemal Abdel...
Perché abbonarsi
Questo giornale rimarrò libero e accessibile a tutti. Abbonandoti lo sostieni.