• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours Cpt Lauren Dowsett
  • 5 hours The Most Annoying Person You Have Encountered During Lockdown
  • 15 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 1 hour Which producers will shut in first?
  • 3 hours Its going to be an oil bloodbath
  • 8 hours Pumping Dollar V Pumping Oil Match
  • 3 hours Marine based energy generation
  • 11 hours The idea that electric cars are lowering demand is ridiculous.
  • 17 hours Why should ANY oil company executive get ANY bonus now?
  • 3 hours How to Create a Pandemic
  • 4 hours Natural gas price to spike when USA is out of the market
  • 4 hours Iran-Turkey gas pipeline goes kaboom. Bad people blamed.
  • 15 hours CDC covid19 coverup?

Breaking News:

IEA: OPEC Can’t Save The Oil Market

Alt Text

What Really Caused Oil To Rally By 25%?

This morning saw oil prices…

Alt Text

Oil Market Data Is About To Get Very Ugly

As the COVID-19 pandemic continues…

Editorial Dept

Editorial Dept

More Info

Premium Content

Geopolitical Uncertainty Shakes Oil Markets

Politics, Geopolitics & Conflict

- Following the arrest of five Algerian billionaires and members of the political elite close to former president Bouteflika, investor fears are becoming a reality. The one piece of assurance is that the military has long been one of the beneficiary of Sonatrach revenues and measures will be taken to ensure that the oil giant is protected. After firing the CEO of the state-run oil giant Sonatrach and replacing him with the company’s head of production and exploration, the Algerian government is doing its best to assure investors that it’s business as usual and that deals are safe - along with production and development. While there is still no word on whether Chevron will go through with its planned talks with Sonatrach over Algeria’s shale patch (after Exxon bowed out), Sonatrach announced late this week that its new CEO, Rachid Hachichi, signed an MOU with Italy Eni’s CEO on the renewal of a gas supply contract through a Mediterranean pipeline. That move was meant as a message to other investors and potential investors that deals will move forward under the new leadership. In the meantime, keep a close eye on the emerging elite clan warfare in Algeria. Algeria has two influential clans - one representing the presidency and one representing the military - and the billionaires that have fallen were from the presidential clan.

- There have been no significant changes on the Libyan front to impact oil flow…






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News