Category: News
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Getting Into the Swing: U.S. and Saudi Arabia as Swing Producers
By Lina Nagell Photo: Jerry D. Mathes II Saudi Arabia has functioned as a global swing producer in the oil market since the 1970s, before abandoning its role in 2014. Amongst changing market conditions, some observers still latch on to the idea of a global swing producer. While some believe in the resurrection of the…
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Venezuela: From Oil-Rich to Desperate
By Michael Roh When it rains it pours. In Venezuela’s case, when it doesn’t rain, the country with over 60% of its domestic electricity produced by hydropower, inevitably suffers. But the country that once experienced great fortune with its oil riches has already been suffering. With or without the rain, poor economic policy, along with…
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The Week in Review April 26-May 2
The Monitoring Team: John Collins, Irina Mironova Photo credit: Jerry D. Mathes II Political Instability helps reduce glut in supply Bloomberg news reported on April 28 that, in lieu of effective collusion between the World’s largest producer states, political instability in Africa and South America would do for world oil markets what Saudi Arabia…
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The Nord Stream Conspiracy: Europe’s Uncritical Condemnation of Gazprom’s Export Strategy
By John Collins Within the context of the deteriorating relationship between Russia and the West, the unceasing debate over the malfeasance of Gazprom business practices rages on. And forgive the author if the tenor of this op-ed is bombastic, vitriolic, and argumentative, but that is exactly the tone taken by European commentators as they ridicule…
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After Doha: What’s Next?
by Zachary Waller Photo: Jerry Mathes II Russian Energy Minister Alexander Novak got some attention in February when he said Russia was prepared to join the Organization of the Petroleum Exporting Countries (OPEC) in a Saudi-proposed deal to cut oil production five percent. Those remarks proved to be relatively foresightful, as Russia, Saudi Arabia, Qatar, and…
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India’s Supply Dilemmas: IPI, MEIDP, TAPI
by Pierre Jouvellier National energy mixes for many countries in the world are currently changing from coal to natural gas. It is not surprising to see new emerging markets like India, China and South Africa for natural gas. Indeed, even if coal remains the less expensive fossil fuel for electricity generation, countries are more attracted by…
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The Week in Review (April 18-25)
The Monitoring Team: Glenda Pavon and Zachary Waller Photo: Jerry Mathes II Doha Creates Some Gains Oil producers saw prices soar leading up to last week’s failed production freeze talks in Doha. Since the news came out that Russia and Saudi Arabia were considering a freeze, prices rose about 29%. Brent went up by about…
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Louis Skyner’s series of seminars for ENERPO
by Aaron Wood ENERPO Students at EUSP engaged in a series of seminars last week, from April 11th to 14th with Louis Skyner, a senior associate at the renowned London firm of Clifford &Chance. Mr. Skyner has worked for several years in energy law, and at Clifford & Chance, he specializes in banking and finance…
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Mehdi Sanaei, Iranian Ambassador to Russia, Visits EUSP
by Zachary Waller, Gevorg Avetikyan On April 8th, Mehdi Sanaei, Ambassador of the Islamic Republic of Iran to the Russian Federation, visited the European University at St. Petersburg to speak with students, faculty, and other members of the EUSP community. Mr. Sanaei covered a wide range of topics in his conversation at EUSP, but focused on…
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The Week in Review – April 11-18
Monitoring Team – Pierre Jouvellier, Bogdan Polishchuk Iranian natural gas, what about a floating liquefaction plant? Since the US sanctions against investments in energy projects have been lifted, Iran is seeking to send its natural gas to Europe. The Iranian Oil Company is currently holding negotiations with a Norwegian company in order to build a floating…
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