Oil-producing countries started their “marathon of negotiations” on April 9th, and concluded it on April 12th, around midnight Moscow time. Over the course of these three days, the ministers of the countries that signed the OPEC+ agreement held two videoconferences. Another one was held by the energy ministers of the G20 group. Two phone calls...
Dear readers, we live in a time which is peculiar indeed. Yet another “cold war” is declared on Russia with no ambiguity or double meaning but we are still unwilling to admit this. Some Russian politicians are telling us stories about opportunities to find common ground with so called “American partners” and on top of...
On January 19th, 2018, was revealed the “public” part of the new USA national defense strategy. It is being regarded strictly as a military document, although we seem to forget that there are actually two postulates that have long been known: “War is an extreme form of political conflict” and “Politics is the most concentrated...
The development of civilization can be looked at in different ways. Some believe it is defined by the development of philosophy and arts. Karl Marx, for instance, came up with his own theory of evolution in the form of an endless class conflict. Others might say that civilization’s leap forward is due to the fact...
The interrupted OPEC+ deal and the rapid decline in world demand due to Covid-19 have sparked some real excitement in the world oil market, as new negotiations between the ministers of oil-producing countries have started. The excitement is such that there seems to be no room left in everyone’s attention to recall what really is...
In order to get an objective evaluation of what exactly is happening on the world oil market, what caused a drastic decrease in the prices and what prospects could be expected, it is not only necessary to look at all the events involved in their chronological order but to do so with quite a touch...