• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 8 hours Could Venezuela become a net oil importer?
  • 22 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 17 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 11 hours Why is permian oil "locked in" when refineries abound?
  • 8 hours Gazprom Exports to EU Hit Record
  • 1 hour Oil prices going down
  • 8 hours Oil Buyers Club
  • 8 hours Could oil demand collapse rapidly? Yup, sure could.
  • 10 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 6 hours Saudi Arabia turns to solar
  • 1 day Teapots Cut U.S. Oil Shipments
  • 11 hours EVs Could Help Coal Demand
  • 1 day Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 18 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
Alt Text

Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil prices fell on Tuesday…

Alt Text

The Fed Is Driving Down Oil Prices

The hawkish U.S. Federal Reserve…

Alt Text

Saudi Aramco Looks To Double Refining Capacity

Saudi Aramco looks to almost…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

SYRIA: Theory for a Possible End Game

Bottom Line: In the end, geopolitics is always about natural resources, and almost always about fossil fuels specifically. Following this logic, the end game in Syria could very well be about the Levant Basin (for Qatar and Iran we already know it’s about pipelines from the South Pars gas field).

Analysis: On an internal level, control of Syria’s onshore oilfields is important, but there’s not enough oil onshore to be a game-changer. Syria’s two main centers of onshore oil production are in its eastern province, the north of which is largely Kurdish-dominated territory. In the north-east, the Kurds seem to be largely in control of these fields in a very tentative nod to the regime. Elsewhere in the east, the rebels have largely taken control of these fields, which are now vulnerable to theft and smuggling and as such not producing much for the regime.  This control hurts the regime, but does nothing to benefit the rebels since the regime still controls the country’s two refineries and the rebels are not cohesive enough to take advantage of these oilfields.

What we’re really interested in here is not Syria’s onshore oil, but it’s offshore potential in the prized Levant Basin in the Mediterranean Sea. Earlier this month, the Syrian regime tried to get China and Russia interested in exploring for oil and gas in its part of the Levant Basin. This is of course very complicated. Russia and China would certainly…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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