Courtesy: Hey Tripster
Türkiye has seen steady development under the leadership of Recep Erdoğan despite domestic and international crises and a difficult neighbourhood. It now has a solid middle class that has voted Erdoğan back as President.
Courtesy: Shutterstock
The Coronavirus pandemic has caused crude oil prices to crash almost 40% even as Saudi Arabia and Russia pump more oil into the market. Fears are rife that this crisis will hit demand. There are repercussions on the U.S., the world’s top oil producer, on India, one of its new clients, and on the Gulf Cooperation Council countries
Courtesy: MEA/Flickr
Iran’s foreign minister Javad Zarif was in Mumbai on 16-17 January 2020, just days after the Iran-U.S. showdown in Iraq and the assassination of Iran’s top general. Zarif explained Iran’s dilemma to audiences in India and was hoping for public support. But the fact is that the January tensions are not Iran’s problem alone; it’s a global game-changer that has propelled the formation of new alliances
Courtesy: Atlantic Council
The Atlantic Council Global Energy Forum, held in Abu Dhabi on 10-12 January 2020, had the top businesses and analysts of the global energy industry. It was also part of a larger event, the annual Abu Dhabi Sustainability Week, which aims to be a global platform for sustainability in various industries
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The rise in Saudi Aramco’s stock price within two days of its IPO in November 2019, has taken the company’s market value past the $2-trillion mark. This valuation should not be taken at face value for the offering is miniscule, and closely linked to the ruler's prestige rather than stock market fundamentals
Courtesy: Princess Nora bint Abdul Rahman University
The immediate panic in the aftermath of the missile attack on Saudi Aramco’s facility at Abqaiq underlines the still-critical role of the Kingdom to the world economy. The subsequent recovery of oil production – with no disruption – showed that Saudi Arabia is a reliable partner/guarantor of energy supplies. Our Energy and Environment fellow Amit Bhandari was in Riyadh recently for a conference, and describes a post-Abqaiq Saudi Arabia
Courtesy: Shutterstock
The China-Pakistan Economic Corridor with its unaffordable power projects is one reason for Pakistan’s current economic crisis. Pakistan has ended up with capacity it does not need, relying on fuels it is importing at a high cost
Courtesy: Gateway House
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
Courtesy: Asharq Al-Awsat
Saudi Arabia and its allies have broken off diplomatic ties with Qatar, but Iran may be their real target, a possibility reinforced by some recently leaked emails from a UAE diplomat
Courtesy: Wikipedia
The Indian oil industry is changing. The recent bidding for Discovered Small Fields saw the emergence of small, independent oil explorers in a country that has been dominated by state-owned companies and only a few private sector firms