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Energy economics

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Naval war between Israel and Iran

9 April 2021

For three years, the Shayetet 13 (Flotilla 13), a top secret Israeli Special Forces unit, has been carrying out sabotage operations on Iranian ships bound for Syria. They mainly use landmines fastened to their target, but also the tactical nuclear weapon that they later used to destroy the port (...)

President Biden Invites 40 World Leaders to Leaders Summit on Climate

Washington D. C. (États-Unis) | 26 March 2021

Today, President Biden invited 40 world leaders to the Leaders Summit on Climate he will host on April 22 and 23. The virtual Leaders Summit will be live streamed for public viewing.
President Biden took action his first day in office to return the United States to the Paris Agreement. Days (...)

Nord Stream 2 and Potential Sanctionable Activity

by Antony Blinken

Washington D. C. (États-Unis) | 18 March 2021

As the President has said, Nord Stream 2 is a bad deal — for Germany, for Ukraine, and for our Central and Eastern European allies and partners. The Department is tracking efforts to complete the Nord Stream 2 pipeline and is evaluating information regarding entities that appear to be involved. (...)

«The Art of War»

Explosive Gas Pipeline in the Mediterranean

by Manlio Dinucci

Rome (Italy) | 30 September 2020

In the Eastern Mediterranean, where large natural gas offshore fields have been discovered, a bitter dispute is underway for the definition of exclusive economic zones, up to 200 miles from the coast, where each of the coastal countries has the rights to the field exploitation. The countries (...)

Trump adapts US energy strategy

by Thierry Meyssan

Damascus (Syria) | 14 April 2020

While most people are absorbed by the time-distribution measures of the epidemic, the Saudis are questioning the power of their American protector. A showdown between Riyadh and Washington, which was already disrupting the world economy before the spread of Covid-19. President Trump considered (...)

G20 Extraordinary Energy Ministers Meeting Statement

Riyadh (Saudi Arabia) | 10 April 2020

We, the G20 Energy Ministers, are profoundly saddened by the human tragedy caused by the COVID-19 pandemic. We convene today against this backdrop of a crisis that, in addition to its direct health and economic and social impacts, has also contributed to the destabilization of global oil and (...)

Conclusions of the Extraordinary OPEC and non-OPEC Ministerial Meeting

Vienna (Austria) | 9 April 2020

The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via webinar, on Thursday, 09 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
The (...)

Washington could pass anti-OPEC bill

8 April 2020

The US Congress could pass an anti-cartel law targeting the Organization of the Petroleum Exporting Countries (OPEC) to regain control of the world oil market.
For several years, US oil companies have campaigned for free competition in this sector. They have pushed various draft laws in a bid (...)

White House planning "oil alliance" with Saudi Arabia

25 March 2020

As Washington takes stock of the Saudi defeat in Yemen and rumors in Riyadh of a possible coup d’etat are rife, Victoria Coates has been nominated US Special Envoy for Energy. She is reported to have arrived in Riyadh where she will reside.
Ms. Coates is suspected of having penned the column (...)

Saudi Arabia makes oil price drop to $ 31 per barrel

10 March 2020

The price of crude per barrel plunged 20% on the European markets and 30% on the Asian markets following the quarterly OPEC meeting in Vienna, reaching it’s lowest level in eleven years.
Dismissing proposals to slightly cut its oil production during the current global economic downturn sparked (...)

Acts of sabotage in Syria

29 January 2020

The energy crisis in Syria is unrelenting. On 21 December 2019, three oil and gas facilities in Homs province were hit by drone attacks. On 28 January 2020, underwater oil pipelines were sabotaged with explosives off Banyias (photo).
Even if it is likely that these attacks and sabotages were (...)

US strategy and what the gas pipeline war is costing us

by Manlio Dinucci

Rome (Italy) | 30 December 2019

After having forbidden the Chinese company Huawei to compete in the calls for tender for the 5G network, the United States are now forbidding the Europeans to increase their supplies of Russian gas. While the first decision was aimed at maintaining the coherence of NATO, the second is not a (...)

US poised to continue as No. 1 oil producer

6 November 2019

The United States, which is currently the leading oil-producing country thanks to fracking, is expected to hold its position longer than anticipted.
The Organization of the Petroleum Exporting Countries (OPEC) has acknowledged its inability to keep the price of oil at the $ 60 level. (...)

Mike Pompeo on the U.S. withdrawal from the Paris Agreement

by Mike Pompeo

Washington D. C. (États-Unis) | 4 November 2019

Today the United States began the process to withdraw from the Paris Agreement. Per the terms of the Agreement, the United States submitted formal notification of its withdrawal to the United Nations. The withdrawal will take effect one year from delivery of the notification.
As noted in his (...)

Syria takes back its oil fields

24 October 2019

On 23 October 2019, President Putin’s Special Envoy in the Middle East, Mikhail Bogdanov, asserted that all Syrian oil and gas sites must return under the control of the Syrian Arab Republic.
President Bashar al-Assad had already granted concessions to Russian companies, which have so far not (...)

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