OPEC+ meets ahead of Joe Biden’s visit
The OPEC+ alliance has already set its production quotas for August. Nevertheless, faced with soaring market prices, OPEC+ is under pressure from consumer countries to…
Tag: Diplomacy
Israel and Lebanon: What are the Gas Issues?
On Sunday 05 June 2022, an FPSO Energean vessel entered the maritime area disputed by Lebanon and Israel, provoking a political crisis. The exploitation of…
Oil up slightly ahead of Opec+ meeting
Oil was trending slightly higher ahead of Thursday’s meeting of the Opec+ oil exporting countries. This comes against a backdrop of strong demand and threats…
Oil: Emirates’ production ‘close’ to Opec’s planned ceiling
The United Arab Emirates’ oil production is approaching the ceiling decided by the Opep+. This announcement comes two weeks before US President Joe Biden’s first…
Controlling the price of Russian oil, a complex mechanism
Capping Russian oil prices at the global level, according to an idea put forward by Washington at the G7 summit, would imply the implementation of…
Spain: Energy security and Algerian gas
The Western Sahara issue is causing tensions between Spain and Algeria. This diplomatic escalation could impact gas trade between the two partners. However, Naturgy is…
Oil: OPEC calls on US to produce more
Since the Russian invasion of Ukraine, the international community has been experiencing a supply crisis in the oil market. International markets are tightening and solutions…
Venezuela increases its Cooperation with Iran
Cooperation is intensifying between Iran and Venezuela on oil. The Iran-built Yoraco tanker plans to leave the Middle Eastern country next month. Its destination is…
Gas cuts: Draghi blames Gazprom
The head of the Italian government Mario Draghi accused Thursday in Kiev Gazprom of “lies”. The accusation comes after two days of unilateral reduction of…
Spain-Algeria: Concerns about Gas Relations
While the world’s eyes are focused on the situation in Ukraine and the resulting energy difficulties for the EU, another energy supplier to the Union…