In the areas of fuel and energy, Saudi Arabia follows a path independent from the United States. Recent anti-Russian sanctions and their secondary and tertiary consequences on the “daredevils” who continue to trade with Russia have caused the world economy to experience extreme instability. In the current environment, few players have been able to adapt to the dramatically changing new reality, but some can definitely be taken as an example. We are talking about the Kingdom of Saudi Arabia, which has shown itself to be unusually agile and flexible on the international stage. At the June 2023 OPEC+ meeting, Riyadh announced a production cut…

Following the undermining of Russian gas pipelines Nord Stream 1 and 2 in the Baltic Sea by Western special services at the end of September 2022, Russian President Vladimir Putin, speaking at the Russian Energy Week forum in Moscow on October 12, 2022, proposed to depoliticize the issue of gas trade and create a “major gas hub” on the territory of Turkey. Moscow plans to redirect the main gas export flows through Turkey to third countries (including the EU). This topic has caught the attention of world actors and provided the same Turkey with new horizons for energy development. The Russian leader’s initiative also came as a surprise…

Due to the fact that oil is always a geopolitical factor, history over the last century demonstrates that there is no such thing as little oil. Many new conflicts have occurred commencing from the beginning of the 20th century as a result of oil. And today, oil still plays a solely geopolitical role in the conflict between the parties, with the ability to rekindle both small-scale and major wars. One of the few nations with significant oil reserves is Iran. Iran is the third-largest oil producer in the world, with reserves that account for 13.5% of global oil reserves. Ahvaz, Marun, Aghajari, Gachsaran, Karanj, Bangestan…

“The OPEC+ decision has purely economic motives,” “Oil prices and voluntary production cuts,” “When OPEC is used as a boogeyman.” These and similar headlines are used by the Middle Eastern media commenting on the agreement of the OPEC+ countries at the beginning of April this year to voluntarily cut oil production by 1.66 million BPD by the end of 2023. Local authors from Algeria to the Sultanate of Oman try to give a picture of the real situation in the “black gold” markets, explain the motives of this cartel decision and polemic with the Western analysts.  The latter, in particular, argue that the time for the…

The US aims to ship oil to the EU by massive tankers as a result of Washington’s sanctions campaign against Russia and the requirement it placed upon Europe to purchase a sizeable amount of American oil as a result. Specifically, these tankers include the 320,000-ton Very Large Crude Carrier (VLCC) and the 200,000-ton Suezmax vessel…

Given the high dependence of today’s energy-intensive economy on gas supplies, it can be argued that any proposals to optimize the transit and sale of the blue fuel are of high interest in world markets. Before the aggravation of Russian-Ukrainian relations, the European Union was the main buyer of Russian gas, with export volumes reaching as high as 174.3 billion cubic meters…

On March 1-5, French President Macron visited a number of African countries, leaving observers with a bitter taste in their mouths.  Conceived with great fanfare as a presentation of Paris ostensibly new course aimed at “equal cooperation” with the African continent, it was remembered only for scandals, public spats with African presidents, and taunts…