Search: USA,Oil (32 materials)


Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

As the OPEC+ deal has expired, Russia and Saudi Arabia remain at odds, though the United States offered encouraging words that production cuts might be negotiated The Russian-Saudi feud over oil production has destabilized the market even as the industry faces anemic demand and the potential for a legion of layoffs because of the coronavirus pandemic. On the heels of plummeting prices, the market rallied April 2 after US President Donald ...


The Future of the Middle East: Horizons of Challenges and Opportunities

... importance of the region in global energy will reduce the incentives for great powers to interfere in its affairs. Risks: Drop in oil and gas prices will be a serious challenge for regional hydrocarbon exporters, particularly in heavily populated countries ... ... to be a contentious issue (e.g. building new settlements in disputed territories in Israel or new development projects in Jerusalem); Persistent political instability in the region may hinder the development of urban autonomy and prevent any move towards ...


Iran’s Oil Sector under Renewed Sanctions: Adopting to the New Reality

After US decision to withdraw from JCPOA and to reintroduce sanctions, Iran’s oil sector feels more pressure and uncertainty Almost four years ago, after years of difficult negotiations, the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), was signed. Many viewed it as a diplomatic triumph, which ...


Sanctions Activity of the US and the EU in Regard to Russia: Consequences for Arctic Projects

... Sea; 3 – in the Pechora; 13 – in the Kara Sea; 8 – in the Gulf of Ob, and 1 – in the East Siberian Sea [ 18 ]. Positive results of production on the Prirazlomnoe field discovered in 1989 in the Pechora Sea allowed to ship and deliver 300 thousand tons of oil to the port of Rotterdam in 2014 (about 2.2 million barrels) [ 19 ]. The oil produced was called Arctic Oil (ARCO) [ 20 ]. Currently, this is the only project on the Russian Arctic shelf, where oil is commercially produced. This gives additional advantages ...


Will the Pearl Reveal Itself: What is in Store for the Iranian Oil & Gas Industry?

... Japan, and South Korea are the biggest importers of Iranian crude, and they were at the forefront to increase imports from Iran in 2016. The European market followed their lead. Bloomberg reported that in January 2017 European states bought 600 thousand barrels of Iranian oil per day. No longer than a year ago, this figure was equal to zero. Not only is Teheran boosting its exports to old, established clients, but it is also testing new export destinations. Thus, 2016 saw the first Iranian oil cargo delivered to Poland,...


Sanctions vs. Cheap Oil: What is More Dreadful for Russia’s Fuel & Energy Complex?

... clear. Rosneft is likely to lobby for the liberalization of access to shelf deposits, as most of the blocks are already split between them and Gazprom. However, it might be difficult to reach a consensus with the Russian leadership in the case that the USA strengthens sanctions against the Russian oil and gas sector. What Will the New Sanctions Lead to? Pavel Sharikov: How to Make Russia-U.S. Relations Great Again? The adoption of the new anti-Russian sanctions will definitely complicate the life of the above mentioned foreign partners, and might ...


Arctic Oil and Gas Resource Development: Current Situation and Prospects

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,...


When You Just Can’t Say “Yes”. Are Oil Prices Likely to Go Up?

... So, even if the agreement comes into force, no serious price growth should be expected, and there will still be an oil glut in the market. Even if the agreement comes into force, no serious price growth should be expected, and there will still be an oil glut in the market. Second, Iran’s refusal to join the initiative makes it much less likely that oil producing countries will reach agreement. It is doubtful that even special terms may induce the country to change its mind: Iran’s official representatives described the freeze on oil ...


Africa: the Pearl of the U.S. Energy Strategy

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 imports from that region less ...


Does the World Need More Oil?

Top Five Factors Affecting Oil Prices The situation on the oil market is a cause for concern – members are worried, and increasingly asking questions: prices continue to fall and there seem to be no signs of trend reversal in the offing. Nor is there any consensus among ...


Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
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