OPEC’s recent decision to keep production at its current levels lead to the realization by many investors that the current oil price may become the new norm.
OPEC’s recent decision to keep production at its current levels lead to the realization by many investors that the current oil price may become the new norm.
During President Obama’s recent trip spanning China, Myanmar and Australia, he along with Chinese President Xi Jingping announced what amounts to a historic agreement between the nations to reduce greenhouse emissions (amongst agreements to extend visas and trade deals to eliminate tariffs on IT products).
Latin America often receives secondary attention with the world’s focus on the Middle East. For North Americans, however, issues with regional partners may have more weight on the average person in the U.S. and Canada than problems in Iraq and Ukraine.
Even if war is not always good for business, it is at least a business. Whether dealing in arms, antiquities, oil, grain, taxes or international aid, the Islamic State is building the basis for the sort of exploitative economy whose inequities and corruption (ironically) helped its star rise among the poor and discontented.
It is not breaking news that Iraq sits atop vast amounts of oil. The country has the fifth largest proven crude oil reserves globally with an estimated 140 billion barrels. (For comparison: Iran, fourth globally, has an estimated 150 billion barrels, and Kuwait, sixth globally, has about 104 billion barrels of proved reserves. Iraq […]
Soner Cagaptay is the Beyer Family fellow and director of the Turkish Research Program at The Washington Institute. Dr. Cagaptay has written extensively on U.S.-Turkish relations, Turkish domestic politics, and Turkish nationalism, publishing in scholarly journals as well as key American and Turkish media outlets. He writes regularly as a columnist for Hürriyet Daily News, Turkey’s oldest and […]
Russia and China last month agreed to a landmark natural gas deal nearly a decade in the making that will put the two in partnership for the next 30 years. Russia’s energy giant, Gazprom, and the China National Petroleum Corp. signed the much-anticipated $400 billion natural gas deal on May 21. The exact pricing remains […]
Editor’s Note: The following is a contributing guest piece. Saeed Ghasseminejad is the cofounder of the Iranian Liberal students and Graduates (ILSG) and the International Center for Liberalism Studies (ICLS). His work on economy and politics of Iran and the Middle East and has been published in CNBC, The Weekly Standard, National Post, International Business […]
To the south, Iraqi Kurdistan sees an unstable Baghdad struggling to maintain control against a violent insurgency, all the while seeking to exert control over the Kurdish region’s vast oil wealth. It is to the west, though, where Kurds see a brighter future, eyeing the opportunity for independence through a pipeline to Turkey to sell […]
Earlier this month, the Wall Street Journal reported that more crude oil is being sent by sea and inland waterways as a supplement to railways and pipelines. Since 2010, the amount of oil shipped on barges from the Midwest down the Mississippi River to the Gulf of Mexico has increased 13 times. Much of this […]
One of the year’s most urgent policy questions—whether or not the U.S. should export oil–is finally garnering attention in Washington as both sides of the U.S. oil export debate make their case. The United States began safeguarding domestically produced oil after the 1973 Arab oil embargo, which caused supply disruptions and price spikes in the […]
Libyan foreign minister Mohamed Abdelaziz announced earlier this week that with Western assistance, Libya had completed the destruction of its chemical weapons. The process to dismantle the Libyan chemical stockpile began in 2004 under the Ghaddafi regime as part of his campaign to normalize relations with the West. At that time, Libya had declared approximately […]
“We do not give up the North Pole. Canada’s claims to the North Pole are no more than ambition.” So declared Russian polar explorer and scientist Artur Chilingarov on December 11, whom President Vladimir Putin named a “Hero of Russia” after he famously planted his country’s flag on the seabed underneath the North Pole in 2007. […]
For all the talk of China and the Arctic, there’s one dark horse that definitely made itself known at the Arctic Circle: Singapore. With a speech that hit all the right notes, Sam Tan Chin Siong, Senior Parliamentary Secretary at the Ministry of Foreign Affairs and a Member of Parliament, described the contributions Singapore can […]
Under the guidance of President Ólafur Grímsson, Iceland has strived to position itself as a new geopolitical center for the Arctic. While only a tiny portion of the country, the island of Grimsey, sits above the Arctic Circle, that hasn’t stopped it from claiming Arctic coastal statehood. With lots of shipping activity, plans to build […]