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Showing 2945 results for oil and natural gas corp sorted by

AssessmentsMay 12, 2020 | 10:00 GMT
An image of a gas flare at the Mozyr Oil Refinery in Belarus on Jan. 4, 2020. Russia recently resumed its oil deliveries to Belarus after a pricing dispute prompted Moscow to halt its supplies at the beginning of the year.
By Diversifying Its Oil Imports, Belarus Limits Russia’s Leverage
In recent months, Russia has weaponized its discounted oil deliveries to coerce Belarus into accepting a level of economic and political integration that would essentially guarantee its loyalty. This strategy, however, has only emboldened Minsk’s push to diversify its oil imports. But Belarus’ continued dependence on Russia’s close trade ties and natural gas exports will still leave Moscow armed with other sources of leverage to wield over its smaller neighbor in future negotiations.
AssessmentsApr 27, 2020 | 10:00 GMT
An Iranian warship takes part in celebrations for “National Persian Gulf Day” in the Strait of Hormuz on April 30, 2019.
Trump Ups the Ante With Iran in the Persian Gulf
Iran and the United States may be heading toward another round of confrontation, even as both countries deal with significant COVID-19 outbreaks at home. Following a recent incident where 11 Iranian ships harassed U.S. vessels transiting the Persian Gulf, U.S. President Donald Trump tweeted April 22 that he had "instructed" the U.S. Navy to destroy any Iranian vessels harassing U.S. ships. It remains unclear the extent to which, if at all, the United States will adjust its rules of engagement in response to Iran's latest maritime provocations. But the exchange highlights how Washington and Tehran’s current hawkish streak and inclination toward public threats could lead to another round of miscalculation and/or escalation between the two rivals. 
AssessmentsApr 16, 2020 | 10:00 GMT
A pumpjack outside the Russian city of Surgut.
The Golden Age of Russian Oil Nears an End
Russia's easily accessible oil reserves have long been the cornerstone of its economy. But these conventional fields are depleting, leading to the need to invest and expand into more untapped sources. This transformation will not be easy or cheap, as various factors have led to a poorly optimized oil sector that's ill-equipped to soften the blow of rising costs. The key to maintaining a strong energy market, and securing the capital needed to develop new and expensive fields, will instead rest on whether Moscow can secure its foothold in China's increasingly oil-hungry market. In any case, Russia may have little choice but to accept that its glory days of oil dominance and high profit margins are nearing an end. 
AssessmentsApr 6, 2020 | 19:35 GMT
An image of cracked, painted picture of the U.S. and Iraqi flags illustrates the two countries' decaying relationship due to Washington's ongoing pressure campaign and proxy battle against Iran.  
The U.S. Strategy in Iraq Could Come Back to Bite
Iraq has become a hot theater for escalating U.S.-Iran tensions, with Iran-backed Iraqi militias attempting to force U.S. military forces out of the country via ongoing attacks. The United States has responded by repositioning its troops instead of withdrawing them, highlighting its continued priority of ensuring Iraqi stability. But against the backdrop of the COVID-19 crisis, Washington’s intensified pressure campaign against Iran’s regional proxies and economic ties risk backfiring by throwing Iraq deeper into chaos.
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 proposed production cuts in the U.S. oil industry, and the challenges associated with negotiating an agreement between the world’s largest oil producers. 
AssessmentsMar 16, 2020 | 13:46 GMT
A photo of a security official administers hand sanitizer in Lagos, Nigeria, on Feb. 28, 2020. The city's 20 million residents scrambled for hygiene products following the announcement of the first confirmed coronavirus case in sub-Saharan Africa.
Coronavirus Is Coming for Nigeria -- and Its Economy
As the coronavirus pandemic seeps into more corners of the world, sub-Saharan Africa has so far come out relatively unscathed. But there are signs the virus is now starting to make its way across the vast region -- and as it does, Africa's most populous country and largest economy, Nigeria, could face some of the sharpest losses. Like most of its African peers, Nigeria has an extremely vulnerable and overtaxed health care system that could buckle under the weight of an outbreak. But even if Nigeria somehow evades a wider contagion, the growing number of coronavirus cases elsewhere in the world will still risk tipping the country into crisis by slashing demand for its vital oil exports.
AssessmentsFeb 28, 2020 | 10:00 GMT
This photo shows the Guyanese flag.
The High Stakes of Guyana's Elections
Rarely do a country's elections matter as much for its future political balance of power as the March 2 ballot will for Guyana. The national balloting comes just 11 days after Guyana exported its first cargo of oil abroad, marking the beginning of a significant economic windfall to come as the country becomes the world's latest to join the oil production club. In the coming years, an oil boom will make Guyana one of the wealthiest countries in South America. The winner of the national elections will then have the chance to cement its political legacy through the kinds of economic patronage that come with increased wealth for the government.
Decade ForecastsFeb 12, 2020 | 02:59 GMT
Decade Forecast: 2020-2030
Over the next 10 years, the world will revert to a multipolar power structure that will encourage constantly shifting alliances and create a more contentious global system. In the midst of this dynamic change, pockets of economic opportunity will emerge.
AssessmentsFeb 11, 2020 | 10:30 GMT
Employees of PetroChina Southwest Oil & Gasfield Co., a CNPC subsidiary, work at a natural gas purification plant in Suining in southwest China's Sichuan province on Jan. 15, 2020.
In Response to Coronavirus, Russia Will Back Only Modest Action by OPEC+
It is now clear that the impact of the new coronavirus on the world oil market will be substantial, but much uncertainty remains about the total impact on demand in 2020. The most probable scenario is a "sharp but short" hit to demand, but a wider spread could deepen and lengthen the impact. OPEC and other producers will attempt to at least partially mitigate the impact on oil prices, but Russia will likely insist on a cautious approach that does not last long.
SnapshotsFeb 7, 2020 | 20:54 GMT
Breaking Ranks, Kenya Enters Bilateral Trade Talks With Washington
The United States continues to try to break down plurilateral trade agreements into bilateral deals, and Kenya appears to be the first sub-Saharan African country on its list. During his visit with Kenyan President Uhuru Kenyatta, U.S. President Donald Trump announced that the United States intends to open formal trade negotiations with the East African nation. The Trump administration will try to use any deal with Kenya as a model for talks with other African countries as the United States moves away from multilateral trade deals.
Contributor PerspectivesJan 24, 2020 | 10:00 GMT
Mongolian President Khaltmaa Battulga speaks on Sept. 5, 2019, during the Eastern Economic Forum in Vladivostok, Russia.
How Great Power Competition Is Changing the Geopolitics of Mongolia
Mongolia is in a uniquely precarious situation, geographically, demographically and economically. Landlocked and isolated in East Asia, it has the lowest population density of any sovereign nation in the world. Its 3 million people, in a country about the size of Alaska, are dwarfed by 133 million Russians to the north and 1.4 billion Chinese to the south. It also has one of the coldest climates in the world. While these factors greatly constrain Mongolia economically, it has the world's best cashmere, huge eco- and cultural tourism potential and -- most critically -- an enormous mineral resource endowment. After the Cold War, rooted in Francis Fukuyama's idea that the end of history was nigh, there was great initial enthusiasm for a lasting new liberal international order. That notion proved both illusory and short-lived. By 2014 great power competition had fully reemerged, bringing with it a fundamental shift in the international security
AssessmentsJan 20, 2020 | 20:17 GMT
A fire truck drives past a hill engulfed in flames on the night of Jan. 20, 2020 in Mount Adrah, Australia. The 2020 fire season has hit the southern coast of New South Wales particularly hard.
The Geopolitical Cost of Australia's Wildfires
Australia is at the start of what's shaping up to be a ­­­­record fire season with potentially drastic economic and political repercussions. As of mid-January, brushfires in New South Wales, Victoria, South Australia, Queensland and elsewhere have resulted in insured property damage estimated at over $1.34 billion, burning nearly 12 million hectares (29.7 million acres) and resulting in 28 deaths. In addition to the areas already engulfed in flames, broad swaths of the country are at higher-than-usual risk of coming into the line of fire. And the damage to date could be just the tip of the iceberg, given that the country's annual fire seasons stretch from December to around April. As Australia's climate grows hotter and drier, so too will the severity of its wildfire woes. This sobering prospect has, once again, placed the country's oil and gas exports in the crosshairs of climate concerns. But even given the havoc fires
AssessmentsJan 16, 2020 | 09:30 GMT
This photo taken on Oct. 2, 2019, shows fishermen boarding their boats at a small jetty on Made Island off Kyaukphyu in Myanmar's Rakhine state.
In Myanmar, Beijing Gets a Leg up on the Competition
For China, there's no time like the present to foster closer links with a key country on its frontier. Amid China's push for better transport connections, tighter border control and deeper energy security to the south, President Xi Jinping will begin a two-day visit to Myanmar on Jan. 17. Negotiations regarding some megaprojects have sparked significant concerns about China's looming presence -- and its strategic intentions -- in Myanmar, but the country may find its options to push back significantly curtailed. Indeed, with Myanmar facing Western isolation over its treatment of the Rohingya and struggling to forge national unity, China's assistance is more essential than ever if Naypyidaw is to fulfill some of its domestic priorities -- namely, advancing a peace process with ethnic armies along the northern border, managing the Rohingya crisis and developing the weak Myanmar economy. Such a situation, naturally, is bound to put China in a
SnapshotsJan 15, 2020 | 23:08 GMT
The U.S.-China Trade Deal Leaves Key Questions Unanswered
Since their trade war began in March 2018, the United States and China have bilaterally imposed tariffs on more than $600 billion in goods, damaging both countries' economies, rattling global supply chains and shaking global markets. A phase one trade deal signed Jan. 15 by the two powers will now remove a major source of uncertainty for the world economy. But questions over compliance and implementation remain unanswered as the two countries begin to look ahead at possible negotiations over a more comprehensive agreement.
AssessmentsJan 14, 2020 | 10:00 GMT
The U.S. Embassy in Baghdad is seen on Jan. 2, 2020, following an attack on the facility.
Iraq Faces America's Economic Wrath
For companies active in Iraq, threats to physical security -- whether from a possible military conflict between the United States and Iran, militia violence or a resurgent Islamic State -- aren't the only thing they need to worry about. That's because dark economic times could also be on the way, especially as U.S. President Donald Trump has threatened to enact sanctions on Iraq if Baghdad continues to push for a withdrawal of U.S. forces from Iraq following the U.S. assassination of Qassem Soleimani. If Baghdad pushes U.S. forces out, the aftermath, bluntly speaking, will be messy. Given that bilateral diplomatic relations would inevitably take a nosedive in such a situation, the United States would most likely impose punishing sanctions on Iraq. And even if such measures don't come to pass, the United States' campaign of maximum pressure on Iran will certainly leave Iraq worse for wear as well.
Contributor PerspectivesJan 10, 2020 | 10:30 GMT
A stock image of a map of North Africa, the Middle East and Southern Europe.
The Factors Motivating Turkey in Libya
Turkey's parliament voted on Jan. 2 to authorize the deployment of Turkish troops to support Libya's U.N.-recognized Government of National Accord, led by Fayez al-Sarraj. Opposition political parties and some observers identified this move as a dangerous one that likely will result in the Turkish military entering into a civil war in which Turkey has no significant national interest and where it cannot realistically achieve its objectives. With three military interventions in Syria, it can be assumed that the deployment of Turkish troops to Libya is a full expression of President Recep Tayyip Erdogan's ambition to expand his country's military footprint across the region. Despite appearances, however, this aim does not seem to be Erdogan's main or sole intention.
AssessmentsJan 6, 2020 | 23:03 GMT
An Iraqi demonstrator poses with the national flag as angry protesters blocked roads in the central city of Najaf on Jan. 5, 2020, to oppose the possibility that Iraq would become a battleground between the United States and Iran.
Iraqi-U.S. Ties Reach a Breaking Point
In death, senior Iranian military figure Qassem Soleimani may be getting closer to achieving one of his overarching aims: removing the United States from Iraq. On Jan. 5, Iraq's parliament convened a special session in the wake of the airstrike that killed Soleimani and Iraqi militia leaders to accelerate the government's expected request that the United States withdraw its forces from Iraq. In the nonbinding resolution, legislators demanded that the Iraqi government cancel its request for assistance from the U.S.-led coalition fighting the Islamic State, remove all foreign troops from Iraqi land and airspace, keep all weapons in government hands, investigate the U.S. airstrike that killed Soleimani and lodge a complaint at the United Nations over Washington's alleged violation of Iraqi sovereignty. One day later, a draft letter from the U.S. Department of Defense and a statement from Secretary of Defense Mark Esper indicated that the United States could already
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