Tag: Oil
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Viewpoint: IMF Distorts Energy Subsidy Facts to Vilify the Fossil Fuel Sector
by Jerry Byers The International Monetary Fund is muddying the already cloudy waters on how the world should address energy development and trade. The original report, released in May of this year, would have the casual observer believing that governments are using tax dollars to fund the energy industry to the tune of over 5…
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Energy News Blog – World Energy Outlook – 2015: Answers for Students and Some Questions in Return
by Irina Mironova Global energy is constantly changing. Demand is driven by economic development, demographic growth as well as efficiency of energy use. Supply, in its turn, is affected by the development of technology, which drives down costs and makes new groups of sources available and economically viable. As a result, we witness changes in…
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Energy News Blog – Russia and the New Geopolitics of Oil
By Irina Mironova, Aaron Wood (This text was written for Russia Direct) The changing structure of the global oil trade – which includes new roles for Russia and Saudi Arabia and the rise of non-state actors such as ISIS – has important implications for Russia’s energy industry. Russia’s top energy companies, already grappling with the…
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Energy News Blog – Challenges Facing OPEC Members in Light of Lower Oil Prices
by Lina Nagell The Technical meeting between oil experts from OPEC members and 8 non-member oil producer states on Wednesday, 21st of October, did not reach an agreement to cut production. This comes as no surprise, taking into account that participants were in fact unable to agree on joint press releases at their two last…
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The Week in Review (October 05 – 09)
The Monitoring Team: Lina Nagell, Fatma Babayeva Due to speculation that demand is picking up, oil surged to above $50 a barrel in NY. OPEC Secretary-General Abdalla Salem El-Badri stated that demand would increase by 1.5 million barrels a day this year, more than previously projected, amid cheaper fuel prices. El-Badri continued to talk up…
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Energy News Blog
Russia’s Interests in Latin America – Irina Mironova South and Latin America is a region rich with oil and gas resources, with its 19% of world’s proved oil reserves (figure 1). This region is yet to play a role in international oil and gas trade: if in case of natural gas, the share of Central…
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Energy News Blog
The Arctic Race – Michael Roh The Arctic region bears strategic importance both as home to new transport routes and new exploration and production area. There are unending debates about the ecological dimension of these developments; however, what caught my eye in the recent news is that some countries are more proactive than another in…
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