New Energy Deals Are Transforming Geopolitics In The Middle East
China has been attempting to expand its One Belt, One Road project through the Middle East by heavy funding of energy projects in the region. Ever since the 1973 Arab Continue Reading
OPEC Underproduction Is Driving Bullish Sentiment In Oil Markets
Bullish sentiment has taken over oil markets, with long positions outnumbering short positions by 13 to one as OPEC resists pressure to ramp up production. Chart of the Week – Continue Reading
OPEC+ struggles to hit production targets with oil demand on the rise
Highlights Analysis shows 832,000 b/d shortfall to December quotas OPEC+ ministers meet Feb. 2 to decide March output levels Delegates say no discussion of potential Russia sanctions The oil market Continue Reading
OPEC+ seen sticking to policy despite oil price rally -sources
OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks Continue Reading
Islamic State hits back, aided by power vacuum in Iraq and Syria
Security forces jostle for control in parts of Iraq, Syria Rivalries undermine security and play into militants’ hands Islamic State launches series of big attacks including on prison Armed forces Continue Reading
U.S. to send fighter jets to assist UAE after Houthi attacks
U.S. Secretary of Defense Lloyd Austin responds to questions during a House Armed Services Committee hearing on “Ending the U.S. Military Mission in Afghanistan” in the Rayburn House Office Building Continue Reading
Nigeria Lost $4bn to Oil Thieves in 9 Months, Says Tony Elumelu
The Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, disclosed that Nigeria lost $4 billion worth of crude oil to thieves in the first nine months of 2021. Among this, Continue Reading
Guyana Delivers Again: New Discovery Made Offshore
Frontera Energy struck oil in the Corentyne Block offshore Guyana, the company said this week. “Initial results from the Kawa-1 well are positive and reinforce CGX and Frontera’s belief in Continue Reading
There’s a Russia-Sized Mystery in China’s Electricity Sector
Here’s a new obstacle that could prevent the world from finally turning the corner on climate change: Imagine that over the coming decade a whole new economy the size of Continue Reading
Tokyo’s daily COVID-19 infections exceed 20,000 for first time
Tokyo’s new COVID-19 cases exceeded 20,000 for the first time on Wednesday, dimming hopes that an Omicron-fuelled wave of infections in Japan is peaking out. Nationwide cases reached a record Continue Reading