Category: petroleum
-
Putin’s Visits to Azerbaijan and Mongolia: Between Reinforcing Regional Influence and Challenging Western Projects
Russian President Vladimir Putin’s visit to Azerbaijan in August 2024 had several important consequences for regional geopolitics, Russia-Azerbaijan relations, and the broader dynamics in the South Caucasus. The first objective was to strengthen bilateral relations with Baku. Russia reaffirmed its commitment to deepening cooperation in various sectors, particularly in energy and transport. Having grown in…
-
Oil prices set to snap two-day winning streak ahead of Fed decision
TOKYO :Oil prices fell on Wednesday and were set to snap a two-session winning streak ahead of a likely interest rate cut by the U.S. Federal Reserve, as weak macroeconomic data weighed on demand despite the potential for more violence in the Middle East. Brent crude futures for November were down 45 cents, or 0.6…
-
Oil prices steady, with investors focusing on Fed decision
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Purchase Licensing Rights, opens new tab TOKYO, Sept 18 (Reuters) – Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S.…
-
As Middle East tensions simmer, the world fixates on the wrong energy market risks
As the anniversary of Hamas’ devastating October 7 attack on Israel approaches and the escalation of the Israel-Gaza war continues, tensions in the Middle East show no signs of receding. Iran’s role in supplying, training, and facilitating attacks from Hamas, Hezbollah, and the Houthis is well-known, but fears persist that dismantling this network will lead…
-
India News Live Updates: SC orders no demolition will be carried out without its permission
17 Sep 2024 | 05:43:54 PM IST Synopsis India News Live Updates: The Supreme Court has clarified that its ban on demolitions does not apply to unauthorized structures on public roads and footpaths. The Court has mandated that no demolitions can proceed without its permission. On October 1, the SC will hear petitions addressing grievances…
-
Aramco’s New Deals With China Signal A Further Deepening Of Sino-Saudi Relations
Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Sep 16, 2024, 5:00 PM CDT Saudi Aramco has strengthened ties with China through new energy deals, reinforcing its commitment…
-
London Targets Tehran’s Sanctions-Busting Oil Trading Kingpin
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info By Alex Kimani – Sep 16, 2024, 11:30 AM CDT The UK government is cracking down on oil-trading kingpin Hossein Shamkhani’s secretive oil trading empire, known for moving Iranian and Russian crude around the world. According to Bloomberg,…
-
America’s Self-Inflicted Wound In Central Asia
President Joe Biden hosts a meeting with central Asian presidents for the Central Asia 5+1 Summit, … [+] Tuesday, September 19, 2023, at the U.S. Mission to the United Nations in New York City. (Official White House Photo by Adam Schultz) White House In Central Asia, everyone appears to be moving to secure riches and…
-
Why No Major Oil Company Is Rushing To Drill Pakistan’s Huge Oil Reserves
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Sep 15, 2024, 6:00 PM CDT Pakistan has discovered potentially massive oil and gas reserves, but experts caution that exploitation will take years and significant investment. Security concerns and high costs are…