Since the start of OPEC’s production cuts, oil market analysts and experts have been focusing on how US shale would respond to the relatively higher and stable oil prices, possibly eating up some of the cartel’s global market share while the cuts last. The market share war is also going on a micro level within…
While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar. The Persian rival who showed the way In 2012/2013, the US Treasury…
International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to the crude markets for almost half a year. The…
Events are moving rapidly to a possible new war involving Israel, the United States, Syria and Russia. Were it to take place, I honestly hope not, it would be yet another stupid war over oil. Only this oil war somehow feels far more dangerous than the US war against Iraq or Libya or previous oil…
A long-running dispute between Israel and Lebanon over a maritime border in the Mediterranean Sea has reached boiling point as both sides want to secure multibillion-dollar energy investments from the oil and gas rich area. Lebanese politicians have reacted with anger over a bill in the Israeli parliament that would seek to establish the country’s…
Despite his tough campaign rhetoric, President Donald Trump has opted for a policy of appeasement to Saudi Arabia – including a $200 billion investment into the Saudi economy amidst sweeping cuts to U.S. foreign aid. One of the major tenets of Donald Trump’s presidential campaign was his promise to bring about “complete American energy independence,”…
