The latest World Oil Outlook (WOO) report authored by OPEC analysts could be dismissed as a self-serving pacifier based on wishful thinking. And yet, the cautious assumptions projected into the distant future seem to bear some semblance to a solid prediction of the inevitable surge in oil demand and, subsequently, of the prices.Read more
A new Finance Minister was designated in Saudi Arabia. Mohammed Al-Jadaan replaced Ibrahim Al-Assaf who was running that department for the last two decades. The new financial chief of the Kingdom is not a neophyte: since January 2015, he was the Chairman of the Capital Market Authority, or CMA, equal to a minister by rank, and before he was pursuing a lawyer’s career as partner in a law firm, Al-Jadaan & Partners.Read more
The end of October was marked by two surprising moves by the European Commission toward the Russian gas giant, Gazprom.
After years of confrontation Brussels decided to allow Gazprom to use almost 90% of the OPAL gas pipeline, located in Eastern Germany. Almost simultaneously there were information leaks about a deal between the two players on the competition case. Apparently, both sides found a way to settle the row in a satisfactory way.Read more
The blatantly tough, ultimatum-style huge pressure exerted by Iran on India in the case of untapping Farzad B gas field seems to have paid off. Indian energy major, Oil and Natural Gas Corporation (ONGC) pledged to offer an acceptablefinancial investment model for the development of the field in order not to alienate the Iranians who looked like losing patience and temper with its peers.Read more
In spite of all the polls assuring of a clean win for Hillary Clinton, the latent anti-establishment revolt of the “America first” electorate has propelled a non-interventionist and, in this sense, a “nationalist” (as opposed to globalists) to the top job in the last world’s superpower. It is hard to dismiss outright the comment from non-mainstream but gaining momentum political groups that the result of the 2016 US elections is “a triumph of the people over a failed political establishment” and that America will never be the same again.Read more
The complicated if not messy military state of play in Syria and North Iraq where conflicting forces are fighting each other has resulted in a very strange political configuration. Unbelievable and unexpected previously alliances have emerged and unsuspected rivalries flourished on the ground making the finale of this drama totally unpredictable. However, the final outcome would determine the shape of the whole region for decades to come.Read more
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