Tariffs and Sanctions: A New Energy Trade War?

The Trump Administration trade policy is nowhere so clear as in the energy area. For years it was thought that the younger Bush Administration was one of the most energy industry friendly in history. But the Trump Administration has gone far beyond that. Hiring Ray Tillerson, the former CEO of ExxonMobil, as US Secretary of …

Continue reading Tariffs and Sanctions: A New Energy Trade War?

Advertisements
Russian Minister of Energy Alexander Novak, Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei, from left, attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, June 23, 2018. Ronald Zak | AP

What’s Really Going On Behind the “Secret” Saudi-Russia Oil Deal

On Wednesday,Reuters reported the details of a private and “secret” deal reached between Russia and Saudi Arabia, a deal that was aimed at increasing oil output in order to offset the coming shock to oil prices that will follow U.S. efforts to starve Iran of its oil revenues. Notably, Reuters also noted that the deal …

Continue reading What’s Really Going On Behind the “Secret” Saudi-Russia Oil Deal

Is China Turning Trump’s Oil Weapon Against Him?

Usually when referring to the so-called oil weapon, analysts are talking about the decades old policy of major oil producing nations withholding production to tighten supplies and drive prices up, often driven by geopolitical motivations. The most nefarious example of this came in 1973 when middle eastern producers, led by Saudi Arabia, cut oil imports …

Continue reading Is China Turning Trump’s Oil Weapon Against Him?

Iraq: A Ticking Time Bomb for Oil Markets

Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this weekend. At the same time that a new Iraqi government is forming, a government that is increasing Iranian influence within Iraq, another election is threatening …

Continue reading Iraq: A Ticking Time Bomb for Oil Markets

Will the U.S. Let India Continue to Import Iranian Crude?

India is increasingly finding itself caught between competing alliances. On one hand, ties between Washington and New Delhi have improved in recent years in large part to what both sides perceive as increased threats from China both militarily and economically in the South China Sea and overall Indo-Pacific region. On the other, New Delhi has …

Continue reading Will the U.S. Let India Continue to Import Iranian Crude?

America’s About to Unleash Its NOPEC Superweapon Against the Russians & Saudis

The US Congress has revived the so-called “NOPEC” bill for countering OPEC and OPEC+. Officially called the “No Oil Producing and Exporting Cartels Act”, NOPEC is the definition of so-called “lawfare” because it enables the US to extraterritorially impose its domestic legislation on others by giving the government the right to sue OPEC and OPEC+ …

Continue reading America’s About to Unleash Its NOPEC Superweapon Against the Russians & Saudis

Pakistan Must Make the Most of Newly Discovered Oil Reserves

News has broken that the American company Exxon Mobil has discovered vast oil reserves beneath the soil of Pakistan’s Balochistan province. According to Exxon Mobil’s experts, the reserves appear to be larger than Kuwait’s which if fully confirmed would make Pakistan one of the top ten oil producing nations on earth. For a country looking to revitalise …

Continue reading Pakistan Must Make the Most of Newly Discovered Oil Reserves

Photo: Russian President Vladimir Putin (L) and US President Donald Trump (R) (Reuters)

If Russia Is Helping Trump’s Blockade of Iran, It Better Watch China

Since his earliest days on the campaign trail, it has been clear who Donald Trump and his team have had in their sights. “Iran is the biggest destabilising force in the Middle East and its policies are contrary to our interests,” Defence Secretary James Mattis told his Senate confirmation hearing, having previously claimed that the …

Continue reading If Russia Is Helping Trump’s Blockade of Iran, It Better Watch China