Russia’s ability to finance its war on Ukraine is starting to suffer because of Western sanctions and market forces. But a determined Kremlin may not care…
The decision to agree on their maritime borders will benefit Israel and Lebanon, but it remains to be seen whether the region can become a natural gas hub…
The 2022 energy crisis produced higher prices and policy changes that encouraged investment in the oil and gas sector again…
Despite Western sanctions and volatile prices, Russian oil exports proved resilient last year. The global oil market may face different challenges in 2023…
Immediately after Russia’s invasion of Ukraine, world oil prices jumped above US$100 per barrel, hitting US$130 for Brent crude on March 8…
Except for the recent dip in demand because of Covid-19, oil producers are enjoying the higher prices that come with increased consumption. But consumers may get the upper hand by 2040…
As some countries, including the world’s two biggest oil importers, are unlikely to join proposed sanctions against Russian crude, Moscow could redirect its exports.
Iran’s oil could have a significant impact on prices, although on its own it would not compensate for the loss of Russian supplies.
Most forecasts predict that oil prices will keep rising for the time being. But with geopolitical tensions running high, there is uncertainty over when they will stabilize.
After a brief sluggish period in August 2021, when oil prices reversed the gains made in June and July, by the fall prices regained momentum.
Iraq is a textbook example of the problems of high dependence on a single sector – that is, hydrocarbons. In fact, the Iraqi economy is one of the most oil dependent in the world.
Modern history is peppered with energy shocks, shortages, price spikes and panics.