• 2 hours UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 4 hours Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 6 hours Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 8 hours German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 9 hours Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 11 hours Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 1 day Oil Prices Rise After API Reports Major Crude Draw
  • 1 day Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 1 day Gazprom Speaks Out Against OPEC Production Cut Extension
  • 1 day Statoil Looks To Lighter Oil To Boost Profitability
  • 1 day Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 1 day Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 1 day Whitefish Energy Suspends Work In Puerto Rico
  • 1 day U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 2 days Thanksgiving Gas Prices At 3-Year High
  • 2 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 2 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 2 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 2 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 2 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 2 days ConocoPhillips Sets Price Ceiling For New Projects
  • 5 days Shell Oil Trading Head Steps Down After 29 Years
  • 5 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 5 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 5 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 5 days Venezuela Officially In Default
  • 5 days Iran Prepares To Export LNG To Boost Trade Relations
  • 5 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 6 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 6 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 6 days Rosneft Announces Completion Of World’s Longest Well
  • 6 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 6 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 6 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 6 days Santos Admits It Rejected $7.2B Takeover Bid
  • 7 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 7 days Africa’s Richest Woman Fired From Sonangol
  • 7 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 7 days Russian Hackers Target British Energy Industry
  • 7 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
Alt Text

The Undisputed Leader Of Tomorrow’s Oil & Gas Markets

According to the Executive Director…

Alt Text

Is U.S. Energy Independence Realistic?

The recent IEA report shocked…

Alt Text

The U.S. Export Boom Goes Beyond Crude

While U.S. crude oil exports…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Ukraine: Vultures of Political Capital Descend

Ukraine: Vultures of Political Capital Descend

An international crisis of the type that is now unfolding in Ukraine, and in the ethnic -Russian-majority Crimea region, certainly has a lot of external players wondering just how they can take advantage of the situation to win some much-needed political capital.

While not the most obvious, there are two countries that could use this situation to the benefit if they play their cards wisely: Belarus and Canada.

For Belarus, one might think that one of the world’s last surviving—and extremely colorful—dictators would be squirming under the discomfort of the success of Ukraine’s Maidan protest movement at ousting pro-Russian President Viktor Yanukovych. Instead, Lukashenko is using this to score some points with the European Union on his own terms, and to gain a little more wiggle room from Russia.

Back in January, Lukashenko made his first move in the form of a public statement against Yanukovych: “It’s a nightmare, a catastrophe. As soon as the president’s children engage in business and his mistresses start to wear crowns—expect trouble.” This was is poke at corruption in Ukraine—his message to the West—even before Yanukovych was ousted. It’s rich coming from Lukashenko, but he had foresight on this one.

Then, in February, Lukashenko made another clear statement on Ukraine: “They have their own problems. Maidan is not new to us. This is not the first time it has happened, and you know I still have good relations with the original leaders of Maidan, Yushchenko and others. We have a singular view of Ukraine. It should be integral, nobody should divide this great country.”

Then we have Canada, which is certainly eyeing the opportunity here to render a favor for a favor—and what it wants most is approval of Keystone XL, which is turning into a drama of Hollywood proportions.

Canada’s playing card here is if we start talking about sanctions against Russia—for real. As columnist Chris Nelson point out in the Calgary Herald: “If you are going to make Russia squeal, you have to do it through energy embargoes and you might have to lift that export ban to balance that move. Where to replace the supplies?”

And this is where Canada comes in—on the supply level, and it might be hoping that Keystone XL approval would be considered a nice trade-off for its support.

There are more than 1.2 million Canadians of Ukrainian descent—which translates into a lot of voting power. As such, Canada may not be able to stem the tide of its own support for Ukraine against perceived Russian aggression.

Oilprice.com is following the developments in Ukraine very closely, and will be bringing you unique expert insight on the issue over the coming weeks and months. We will also be bringing you more in-depth information and insight on Ukraine through our premium newsletter, Oil & Energy Insider. Be sure not to miss out.

By. James Stafford of Oilprice.com




Back to homepage


Leave a comment

Leave a comment




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