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More Western Energy Companies Leave Iran

More Western Energy Companies Leave Iran

Though Iran is still seeking…

Russia Joins The Global Trade War

Russia Joins The Global Trade War

As the global trade war…

Geopolitics / International

Russia’s Grip On European Gas Markets Is Tightening

Russia’s Grip On European Gas Markets Is Tightening

Dec 29, 2017 at 14:21 | Nick Cunningham

Despite years of effort from the EU, Russia’s grip over natural gas supplies in Europe is tightening, not waning. Gazprom shipped 190 billion cubic meters of natural gas to Europe…

Higher Oil Prices Slow China’s Crude Stockpiling

Higher Oil Prices Slow China’s Crude Stockpiling

Dec 29, 2017 at 14:12 | Tsvetana Paraskova

Taking advantage of the low oil prices, China increased its Strategic Petroleum Reserve (SPR) by almost 14 percent between June 2016 and June 2017, according to data by its…

Russia And Uzbekistan Sign Nuclear Energy Deal

Russia And Uzbekistan Sign Nuclear Energy Deal

Dec 29, 2017 at 14:02 | RFE/RL staff

Russia's Rosatom State Atomic Energy Corporation and Uzbekistan have signed a nuclear-cooperation agreement that Rosatom says will pave the way for bilateral cooperation "in many aspects of civil nuclear energy."…

South Korea Seizes Hong Kong Oil Tanker

South Korea Seizes Hong Kong Oil Tanker

Dec 29, 2017 at 11:07 | Tsvetana Paraskova

South Korea has impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations sanctions, South Korean officials…

Venezuela Backs Its New Cryptocurrency With 5 Billion Barrels Of Crude

Venezuela Backs Its New Cryptocurrency With 5 Billion Barrels Of Crude

Dec 28, 2017 at 10:38 | ZeroHedge

Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The…

Fuel Crisis Intensifies In Nigeria

Fuel Crisis Intensifies In Nigeria

Dec 28, 2017 at 09:15 | Williams Ekanem

Again, Nigeria’s government has failed its citizens, thanks to an acute shortage of fuel—despite the country’s status as the chief oil-producing country on the African continent. Year in and year…

Chinese Ships Caught Illegally Selling Oil To North Korea

Chinese Ships Caught Illegally Selling Oil To North Korea

Dec 27, 2017 at 10:38 | ZeroHedge

According to South Korea's Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly…

2018 Could See The OPEC Deal Collapse

2018 Could See The OPEC Deal Collapse

Dec 22, 2017 at 13:33 | Nick Cunningham

The OPEC extension keeps the oil market on track to balancing at some point next year, but if the group overshoots on tightening, OPEC members could begin cheating, potentially leading…

Is Saudi Arabia’s Post-Oil Future Realistic?

Is Saudi Arabia’s Post-Oil Future Realistic?

Dec 22, 2017 at 13:25 | Irina Slav

In case anyone had any doubts that Saudi Arabia has very ambitious economic growth plans, the 2018 budget, announced earlier this week by King Salam, must have dispelled them. The…

U.S. Slaps Sanctions On Israeli Oil Billionaire

U.S. Slaps Sanctions On Israeli Oil Billionaire

Dec 22, 2017 at 09:24 | Irina Slav

The U.S. Department of Treasury has issued sanctions against Israeli billionaire Dan Gertler on allegations of human rights abuse and corruption. Gertler is a senior adviser to the Fleurette…

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