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Russia’s energy plans derailed
Russia has long been foreseeing a shift toward Asia when it comes to exporting its fossil fuels, but it was by no means prepared to lose the European market…
21 May 2022
Russia has long been foreseeing a shift toward Asia when it comes to exporting its fossil fuels, but it was by no means prepared to lose the European market…
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.
It is hard to imagine that natural gas was once an unwanted fuel. “What is worse than finding a dry hole? A gas discovery!” – early oil explorers reportedly quipped.
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.
There is an alternative universe sitting on the northeast shoulder of South America. As the global economy…
Dr Carole Nakhle Drastic changes in oil prices, like the one we are witnessing today, typically push many host governments to renegotiate contracts with private