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...
After the 6th of March, 2020, when the ministers of countries participating in the OPEC + agreement were unable to agree on the continuation of the deal, thousands of comments burst out on this subject. But surprisingly, several factors have not been taken into account in the numerous analyzing attempts. When considering the situation on...
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 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...
Politics are not the only field that has been turbulent towards the end of 2019 and beginning of 2020. Around that same period of time a whole heap of events occurred in an industry known as the international gas trade. As a result of repeated consultations, Russia, Ukraine and the European Commission were able to...
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...