L
ibya is planning to double its crude oil production next year. Although it has been an OPEC member since 1962, as well as the African country with the largest (and best quality) oil reserves, for obvious geopolitical reasons it has not been involved in the recent agreement between OPEC and non-OPEC countries, which favours the Russian Federation, reconnects Russia to Saudi Arabia, thus avoiding too close a link between Russia and Iran, and make Russia play a primary broker’s role in the Middle East.

Published in Middle East

O
PEC, which is the cartel of the 14 major oil producers, has recently adopted a policy that is bound to change all future political, strategic and economic equilibria.

Published in Economy

O
f-late the monotonous oscillation of oil prices is making it difficult for writers and analysts to get any sense out of this whimsical trend. After the Vienna Oil deal in November 2016 and after the 21st January meeting between oil producers the oil prices have been moving up and down in the $50-$60 band.

Published in Market Insights

I
ran test-fired a missile and the U.S. government went ballistic. It put Iran 'on notice' -- a phrase meaning little but with a distinct menace.

Published in Middle East

I
t is only with difficulty that Obama's friends and foes alike can dispute his leadership abilities. Charismatic, humane, inspirational, well-read, composed- name it, he has it. And yet, going back to examine his foreign policy-making, whether one calls it 'entrenchment' or 'offshore balancing',  fact remains that America today finds itself in retreat.

Published in Americas

W
hile the vast majority of President Donald Trump’s lightening fast and blitzkrieg-like Executive Orders over the past week and a half appear to have been positively aimed primarily at improving the U.S. Economy, augmenting the creation of U.S. well paying and stable jobs, building and re-instituting industry and manufacturing within the United States, and by and large removing excessive governmental largesse and over-regulation that stifles job growth and economic freedom.

Published in Americas

A
complex strategic game is underway between Russia, Iran, Syria and, consequently, between Assad’ supporters and the other actors of the current Syrian war balance.

Published in Middle East

E
IA recently reported that this year (2017) will see a highly volatile oil price. From 30th November to hitherto oil prices have seen a considerable upward trend. The prices have fluctuated at times due to the build-up in inventory and increase in the rig count, and at times when the wave of uncertainty swept across the markets---as it did in case of Libya and Iraq. Kuwait, Saudi Arabia and others have reported to be cutting their production as per the agreement.

Published in Market Insights
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