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.
In its latest climate change assessment, the Intergovernmental Panel on Climate Change (IPCC) – the United Nations body for assessing the science related to climate change – concluded that “human influence has warmed the climate at a rate that is unprecedented in at least the last 2000 years.
Hydrogen has become the linchpin of green energy transition strategies in many parts of the world. However, there is still no infrastructure that could accommodate wide-scale hydrogen use, and fossil fuels remain the most common energy source for production…
There is an alternative universe sitting on the northeast shoulder of South America. As the global economy…
Oil prices have come a long way since reaching their lows of April 2020. The rebound has been rapid and impressive; prices are currently similar to those of early 2020, before the outbreak of the Covid-19 pandemic…
In March 2021, a new crude futures contract was launched in Abu Dhabi: Murban futures, traded on the Intercontinental Exchange (ICE)…
When people think of Saudi Arabia, they often think of oil. After all, it is the world’s largest exporter of the resource, and its economy is heavily dependent on oil revenue…
Following the blow dealt to the world by the coronavirus in 2020, one cannot help but hope that 2021 will be better…
We are all tired of being told how dreadful the virus-riven 2020 turned out to be, and it certainly ended for Britain fairly uncomfortably, with Christmas virtually abolished, ports jammed, and British air-travellers barred form fifty countries…
Oil markets remain impressively stable despite enormous uncertainty around how the Covid-19 pandemic will develop and how fast the global economy (and therefore oil demand) will recover…
In November, new vaccines showed great promise in fighting Covid-19, and the exhilaration was clear in markets around the world. However, the enthusiasm was not sustained…