Fosil Fuels
A Six Month Probation?
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the…
The OPEC Monthly Oil Market Report
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends…
Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades
Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause “spikes” in prices and affect the global economy, according to the president and CEO of…
Secretariat Questions Legality of Serbia-Russia Intergovernmental Agreement on Natural Gas Supply
On 12 January 2017, the Secretariat sent an Opening Letter to Serbia in Case ECS-18 In its Letter, the Secretariat addressed a 2012 Agreement between the Serbian and Russian governments on the supply of natural gas to Serbia. The Agreement…
Alexey Miller’s Speech about Gazprom Results
Beside wide analysis of 2016. year, Mr Alexey Miller at the end of last year stressed some facts at the internal meeting in Gazprom. Over the course of 2016, the working gas capacity of our UGS facilities grew by 1,260…
“Man of the Year”, Choice Made by the Daily
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has been named ‘Man of the Year’ for 2016 by The Daily, the leading African online newspaper. The Daily explained: “This year,” the letter announcing the award states, “the choice is anchored on…
Indonesia’s steady progress in tackling fossil fuel subsidies
Many countries use fossil-fuel subsidies to advance particular goals – whether political, economic, social and environmental. Common justifications range from reducing energy poverty, redistributing wealth, or protecting jobs. But in many cases, the net effects of fossil fuel subsidies are…