RT Radio-Edinburgh’s Jack Foster interviewed me on the upcoming 30 November OPEC summit where the Saudis hope to set a cap on OPEC and Russian production. Here’s the interview: Listen from time-stamp 9:00-to-17:30 (Streaming MP3)
This would mark the first-ever Russian cooperation with OPEC. However, market realities look bleak for OPEC and Russia whether they reach an agreement or not. The reason is the unprecedented continuing challenge from US shale, which has dramatically cut its costs via tech and operational innovations to stay profitable at low prices. Continue reading
Posted in Algeria, Aramco, Energy and Geopolitics, Energy and Geostrategy, Enhanced oil production, Global Oil Market, Global Oil system, Iran, Iraq, Iraqi oil, Libya, Oil prices, Oil supply, OPEC, PDVSA, Putin, Russia, Saudi Arabia, shale oil, The USA, Tight oil, U.S. oil, Uncategorized, Venezuela diplomacy, Venezuela oil
Russia’s president has used Europe’s dependence on Russian gas as a powerful geopolitical lever. But energy geopolitics is a risky game, especially with the world awash in cheap gas – and Brussels now poised to seize opportunities to permanently slash Gazprom’s market share in Europe.
Here is my article in today’s Berlin Policy Journal. Continue reading
Posted in Algeria, Energy and Geopolitics, Energy and Geostrategy, Euroepen Union, France, Gas globalization, Germany, Greece, LNG, Russia, Spain, The USA, Ukraine
Tagged Berlin, Europe, European Union, Gazprom, geopolitics, Germany, natural gas, Portugal, Putin, Russian gas, Spain, United States, Washington