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Is A New Oil Price War Looming?

Is A New Oil Price War Looming?

Record-breaking U.S. oil production is…

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A Crucial Battle In The Yemen War


This week has seen major clashes between Houthi rebels and Yemeni government forces over control of Marib city, the last significant stronghold of the government in the oil-rich province of the same name. In two days of clashes, more than 130 fighters have been killed, according to government officials. Yemeni government forces are being supported by Saudi-led airstrikes on rebel positions in a battle that could be pivotal in the Yemen war.

Hungary has signed a 15-year natural gas supply deal with Russian Gazprom, sparking the ire of Ukraine and other members of the European Union. The deal bypasses Ukraine, guaranteeing Hungary half of its consumption needs piped through Serbia and Austria, and thus depriving Ukraine of much-needed revenues. This comes as members of the European Parliament have urged the European Commission to investigate whether Gazprom has breached “abuse of dominance” rules thereby contributing to the rising cost of natural gas in the region. EU investigations and decisions on matters such as this largely lack teeth.

In the ongoing conflict over who will control Libya’s oil that in part has played out as a battle between the head of the Libyan National Oil Company (NOC) and the Oil Ministry, the latest development has been the resignation letter of deputy minister Refat Al-Abbar. Al-Abbar had opposed the Oil Minister’s decision to suspend long-time NOC head Sanalla, whose suspension was revoked by Prime…

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