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SnapshotsMar 20, 2020 | 21:01 GMT
Despite Falling Oil Prices, U.S. Production Cuts Remain Unlikely
In response to collapsing global oil prices, there are signs that U.S. President Donald Trump -- and now, the agency overseeing Texas' massive energy industry -- is mulling a potential production cut deal with Russia and Saudi Arabia. But doing so would mean overcoming political hurdles in the United States, divisions over
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Contributor PerspectivesSep 12, 2019 | 09:00 GMT
This June 29, 2015, file image shows the start of construction of the China-Russia east-route natural gas pipeline near Heihe, China.
In Russia's Pivot to Asia, Economic Attraction Lags Hard Power
Russia held the fifth Eastern Economic Forum (EEF) in Vladivostok, its main Far Eastern city on its Pacific coast, on Sept. 4-6. The forum has been held annually since 2015 to showcase Moscow's commitment to the development of its vast Far Eastern areas and closer economic links with Asia. Russia's "turn
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SnapshotsMay 7, 2019 | 15:46 GMT
Turkey, Cyprus: The Eastern Mediterranean Heats Up Over Drilling
A number of geopolitical interests intersect in the Eastern Mediterranean, where Turkey, Greece, Cyprus, Israel, Egypt and the United States are all striving to increase their influence. The discovery of oil and natural gas reserves in the region has added yet another layer of complexity to their ongoing competition. On
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SnapshotsMar 14, 2019 | 21:31 GMT
Israel: ExxonMobil Mulls an Offshore Bid, Signaling a Shift in the Middle East Business Climate
ExxonMobil is reportedly exploring whether to bid on blocks in Israel's ongoing second offshore bidding round. The firm, which has held discussions with Israeli Energy Minister Yuval Steinitz regarding a possible bid, has until March 28 to submit a letter of interest and documentation to prequalify as an operator for
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SnapshotsFeb 28, 2019 | 23:13 GMT
Cyprus: Another Offshore Discovery Will Intensify a Regional Struggle Over Energy
ExxonMobil ended weeks of speculation with its announcement on Feb. 28 that it had struck a significant gas deposit at its Glaucus prospect, southwest of Cyprus in the eastern Mediterranean Sea. Initial assessments suggest the reservoir could have between 142 billion and 227 billion cubic meters (5 trillion and 8
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