T
he oil markets have just received a long awaited yet unexpected jolt. “No one is yawning now”, as an article in New York Times puts it. The prices plunged 8pc in two days as the report from EIA department showed an inventory build-up of 8.2 million barrels rendering the total inventory at 528 million barrels, the highest in history. Before we move on there are few things to consider making sense of what is happening in the oil markets of-late. How did we get here?

Published in Market Insights

T
he war in Syria against Assad’s Alawites and his post-Baathist State began with the people’s uprising of March-April 2011. Mass demonstrations in the traditional Sunni areas of Hama and Homs, to which the pro-government organizations responded with rallies supporting Bashar al-Assad and his regime.

Published in Middle East

Y
emen, one of the most turbulent and thoroughly disregarded states of the globe, has been exhausted by continuous civil wars, sectarianism, and tribalism since its inception as an independent country. Not only has Yemen divided into two states in her history, but also has dealt with endless flows of conflicts and turmoils.

Published in Middle East

L
ast week, Saudi Arabia’s King Salman bin Abdulaziz Al Saud kicked off a month-long tour in Asia in a bid to win over one of the fastest growing regions in the world. Responding to the steady decline of American influence in the Middle East, the scrapping of the Trans-Pacific Partnership, and China’s expanding clout, Saudi Arabia has been hedging its bets over the past few months by deepening its commercial and political relationships with countries like the United Kingdom and Japan.

Published in Southeast Asia

2
017 will be a challenging year for Saudi Arabia, who is losing its leadership in the Middle East and faces looming economic challenges stemming from low oil prices.

Published in Middle East

T
he human race has experienced two devastating world wars and the race is not ready to experience one more. Although another world war is neither hoped nor acceptable by the general human race, the developing incidents in Arctic region, South China Sea, Europe and Middle East indicate that the military superpowers may impose on human race another of such devastating wars.

Published in Defense

I
n Syria, on February 24 last, Iraq carried out its first bombing against Isis in the region of Abu Kemal, but the tactical and intelligence support to the Iraqi forces was been given by Russia and Iran, not by the United States which, however, also tacitly allowed the operations.

Published in Middle East

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
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