North Africa

UAE 2013 111

Maria van der Hoeven, Executive Director of the International Energy Agency (IEA) spoke last week at the two-day Energy Information Administration (EIA) conference in Washington, D.C. expressing her view – as reported by Jennifer A. Dlouhy for – that “ending ‘wasteful fossil fuel subsidies’, which may encourage overconsumption of oil and gas, particularly in… Keep reading →

Secretary of Defense Gates Middle East Diplomacy Trip

Washington’s relationship with Riyadh has always been focused on mutually-beneficial policies, while politely ignoring considerable societal differences. There have certainly been periods of ideological conflict, but the House of Saud and the Obama Administration currently find themselves very far apart on several important issues. And while leadership in Washington thus far appears relatively unconcerned –… Keep reading →

Prix de l'Arc de Triomphe - Arrivals

Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →

Congress Meets As Government Shutdown Looms

Head of TransCanada’s Keystone XL project Les Cherwenuk has faulted Republicans for delaying the completion of the Keystone XL pipeline. A Republicans mandate in 2012 requiring President Obama to make a decision on the pipeline was issued before materials needed for approval were complete, he said. “He couldn’t [approve the project] fundamentally , since the work… Keep reading →

Unrest Grows After Court Upholds Death Sentences For 21 Convicted Port Said Football Rioters

It made for great headlines, but the Syrian conflict never posed a serious risk to global oil supplies. Syria’s domestic production has dwindled and civil war ground exports down to virtually nothing last year. Escalating violence in Egypt, however, presents much more serious global oil market risk. Insurgents displeased with the ouster of Muslim Brotherhood… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Global benchmark oil prices in the spotlight for the past few weeks amid Middle East and North African supply concerns have arguably been tempered by strong North American output keeping the global market adequately supplied. How long can this dynamic persist, however? Respected analyst Amy Myers Jaffe delves into this question in a recent Fuel… Keep reading →

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

By: Katie Holliday Uncertainty over rising tensions in Syria has driven oil prices to fresh highs in recent weeks, but analysts say the bullish sentiment is expected to stay regardless of whether or not the scenario escalates into a full blown war. “Even if there is a war in Syria or no war in Syria… Keep reading →

Stocks End Day Flat, As EU Bailout Plan Continues To Affect Markets

“There has rarely been a more compelling time to invest in energy,” said Barclays analysts in their latest Global Energy Outlook, released this morning. Here are four key takeaways: Oil price risk has swung from downside to upside, thanks to geopolitical risk.  Geopolitical risk has supplanted US production growth as the big global story in… Keep reading →