Tag Archives: President Vladimir Putin

Five State-Run Oil Economies

The ECOreport reposts a description of some of the most successful Petro-states, Five State-Run Oil Economies

Originally Published on Oilprice.com

By Zainab Calcuttawala

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.

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The Free World’s New Leader

The ECOreport reposts an OP-ED about Angela Merkel, the Free World’s New Leader

Originally Published on UBC News

Less than a week before U.S. President-elect Donald Trump takes office, Germany’s chancellor, Angela Merkel, is being hailed by many as the last defender of Europe and new leader of the free world.

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Why Should You Care About Paris?

Originally Published on Greenpeace Energydesk

by Christine Ottery

It’s less than four weeks until the start of the 21st international climate talks, this one set in Paris. In the past, the negotiations haven’t been all too successful at achieving the multilateral legally-binding agreement necessary to avoid catastrophic climate change. Why should you care about Paris?

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Can Russia Outlast The Saudis?

The two dominant crude exporters both lost over $100 billion in crude revenues in 2015. Who will emerge as #1? Can Russia Outlast The Saudis?

Oil Market Showdown: Can Russia Outlast The Saudis?

“Two men enter, one man leaves, two men enter, one man leaves, two men enter…” – Mad Max: Beyond Thunderdome

Originally Published on Oilprce.com

By Dalan McEndree

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.
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A Real Wake-Up Call For Oil Markets

Governments that depend on oil revenue are also not doing well, which some call A Real Wake-Up Call For Oil Markets

Originally Published on Oilprce.com

By Evan Kelly

Iran announced a decision to push back a key oil conference where it had planned to reveal new contracts for doing business in Iranian oil fields. The London conference, originally scheduled for December 2015, will instead be held in February 2016. The conference has already been postponed several times, but the decision to push it back another 2 months is intended to ensure that there is some clarity regarding western sanctions before the conference is held. For now, there is a decent chance that December will be a pivotal month for the removal of sanctions. The details of the new oil contracts will go a long way in determining how attractive Iran becomes as a new oil frontier for international companies. Iran has historically been a tough place to do business for foreign companies, but with Iranian oil production down more than 1 million barrels per day from its pre-sanctions level, the government has suggested that an overhaul of contracts would make investment much more attractive. Mark your calendars for February 2016.

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