Policy brief #8/2016
The decline in global oil prices that began in the summer of 2014 carries with it a number of risks in assembling a whole range of major oil and gas projects, including shale gas extraction projects, deep-water offshore projects and projects in the Arctic shelf.
In these conditions,...
... cooperation with Persian Gulf states in solving statehood crises in the Middle East. Dr. Majed Al Turki, Director of the Saudi Centre for Media and Arab-Russian Studies (Saudi Arabia) commented on the pact between Russia and Saudi Arabia to stabilise the oil market.
Russia and Saudi Arabia had long been unable to reach consensus on crude oil price stabilisation for quite a long time. What was the reason for the quite unexpected signing of the memorandum on the sidelines of the G20 summit?
First off, economic ...
Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive.
Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive. The ...
... region differently. Russia does not consider it important in terms of its energy security policy. The South Caucasus’s share of Russia’s exports is extremely small and Russia does not use this regional infrastructural system to deliver its oil and gas to European consumers.
Common Energy policy of the Eurasian Economic Union
AP /EPA / Maxim Shipenkov
Ivan Timofeev, Elena Alekseenkova:
Eurasia in Russian Foreign Policy: Interests,
Opportunities and Constraints
The EEU has barely begun elaborating ...
In 1994, when Azerbaijan struck the ‘Contract of the Century’, it seemed that the republic’s future was defined for many years to come. The infamous oil contract has had a tremendous effect on Azerbaijan’s role and presence in the world energy network: an estimated 233 billion barrels worth of oil made Azerbaijan a new Saudi Arabia at the crossroads of Europe and Asia, and an energy corridor everybody ...
1. Introduction
Oil prices have declined significantly since the middle of 2014, causing significant concern among major oil exporters, among the Russia and the countries of the Gulf Cooperation Council (GCC; Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE). ...
Only a few believed that the meeting of oil producers held in Doha on April 17, 2016 would be so futile. It was largely due to the unyielding stance of Saudi Arabia that the participating countries failed to reach an agreement and left without any prospects of holding another round of talks....
The tentative agreement among oil exporting countries to freeze oil production rekindled the practically extinguished hopes for a turn of the bearish trend and an increase in the price of black gold.
The next meeting
to discuss the issue is to take place between March 20 and April ...
Going South?
While Russia and the Middle East have remained champions in gas and oil production for decades, the USA is looking for new greenfield projects and partnerships with countries not facing existing political constraints: it is the African market that lies within closer geographical proximity to American consumers what makes ...
The fall in oil prices that has transpired in several stages during 2014–2015 has resulted in the emergence of a great number of analysts and experts in the energy sector, who, seeking to gain a foothold in the lists of the most daring forecasters, preached ...