Sanctions Round Up: Second Quarter 2015

OPEC Ministers Attend Conference In Iran

After almost two years of negotiations, the P5+1 and Iran reach a final comprehensive agreement regarding Iran’s nuclear program.


On Monday the Advanced Energy Economy Institute released a new report on the United State’s clean energy revolution, documenting how renewable power and energy efficiency have become cost-competitive. “But the report can also be read as a damning indictment of America’s official energy information service, the EIA, which has been a consistent source of misinformation for the policymakers, planners and… Keep reading →

China and Iran Diplomacy Meeting

Oil and gas deals between China and Iran are set to change. Last week, several news agencies in the region, including the Iran Daily and Trend News Agency said that Iran and China have agreed that China would pay in cash for the oil and gas it buys from Iran. China is currently the biggest… Keep reading →

south china sea

Rhetoric over China’s land reclamation work, placed at more than 2,000 acres, on submerged reefs and inlets in the Spratly Islands in the South China Sea (SCS) has entered its fourth week. The latest installment of this high-stakes drama reignited in early May when US satellite images showed that China had been building artificial islands… Keep reading →

A picture taken on June 05, 2010 shows t

Just when it looked like Sino-American relations were finally starting to improve, new satellite images last week showed troubling developments. China has been building artificial islands on reefs in the Spratly islands in the South China Sea at an alarming pace. Not that this would be alarming news per se, but the reefs have been,… Keep reading →

Shell Reports Large Drop In Quarterly Earnings

Just a month after oil major Royal Dutch Shell announced that it would acquire BG Group, the UK’s third largest energy company, for $70 billion in cash and stock, making it the biggest energy deal in a decade, Shell’s CEO Ben Van Beurden was off to China to convince regulators there that the deal did… Keep reading →

Palestinian President Mahmoud Abbas Visits Saudi Arabia

Saudi Arabia’s King Salman pulled out of meetings at the White House and Camp David this week at the last minute. The move is being interpreted as a signal the Saudis are unhappy with United States’ Iranian foreign policy. “Jon Alterman, senior vice president at the Center for Strategic and International Studies, said King Salman’s… Keep reading →

Federal Reserve Announces Interest Rate Decision

The Middle East would have had a different shape today, if the US dollar were never pegged to oil trading. The ‘Petrodollar’ was born out of a US-Saudi agreement where oil sales would be denominated in dollars in return for US protection. Being established on a geopolitical infrastructure, the petrodollar has developed dimensions of security,… Keep reading →


Continued low oil prices keep the leaders of many oil-producing states awake at night, but few feel the pressure as keenly as Nigerian authorities. Dienzani Alison-Madueke, Nigeria’s oil minister and current OPEC president, pled for an emergency meeting to discuss oil production cuts last month. Though such a meeting is unlikely to occur, Alison-Madueke’s proposed… Keep reading →


    Three sources, speaking on condition of anonymity, said last week that the much touted Power of Siberia (POS) natural gas pipeline to be built by Russian gas giant Gazprom and earmarked to bring natural gas from two new fields in Russia to China could be delayed. The sources said that the pipeline could… Keep reading →

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