• 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
  • 14 mins Cpt Lauren Dowsett
  • 36 mins Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 12 mins Its going to be an oil bloodbath
  • 1 hour Marine based energy generation
  • 5 mins What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 3 hours Which producers will shut in first?
  • 45 mins CDC covid19 coverup?
  • 45 mins How to Create a Pandemic
  • 58 mins Iran-Turkey gas pipeline goes kaboom. Bad people blamed.
  • 19 hours The Most Annoying Person You Have Encountered During Lockdown
  • 12 hours The idea that electric cars are lowering demand is ridiculous.
  • 13 hours Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 18 hours Natural gas price to spike when USA is out of the market

Breaking News:

IEA: OPEC Can’t Save The Oil Market

The New Oil Reality In Syria

Erdogan

The Turkish Gambit

It’s official: Syrian Kurdistan has ceased to exist. Turkey and Russia have cut a deal that will allow Turkey to occupy a buffer zone in northern Syria, and that’s where the Turkish gambit ends. That buffer zone accomplished two things: It removed the Syrian Kurdish threat to Turkey’s border and created a space for Turkey to relocate Syrian refugees.

Syria’s oil will now go to Assad, keeping in mind that Russia has exclusive E&P rights. The largest oilfield, Al Omar, was nominally under the control of the US and the Syrian Kurds until last week. While the Pentagon has said it is possible that some US troops will stay behind to protect this oilfield, that seems increasingly unlikely and unfeasible.

Now, assuming the remaining players on this field can fight back an ISIS re-emergence, the oil and gas will be Assad’s - and Europe will want it.

This is the point where we get to see that geopolitical and military alliances such as NATO have lost their relevance to natural resources.

What will emerge out of this rubble is a new Syria, thanks to NATO-member Turkey, that - after a couple of hundred billion dollars in reconstruction - will emerge as a supplier of oil and gas to the European Union, and everyone will pretend that this isn’t Gazprom, again. But it will be. Not only will Assad get his oil back, but Iran, Iraq and Syria will get a new Russian-backed pipeline that will further undermine…




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