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OPEC

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Irreversible Decline?

"Saudi oil policy… has been subject to a great deal of wild and inaccurate conjecture in recent weeks. We do not seek to politicize oil… For us it’s a question of supply and demand, it’s purely business.”

EDITOR'S CHOICE | 30.12.2014


 

Is Oil Price Weapon Really Effective against Russia?

The US is engaged in rather dubious activities as it attempts to damage the Russia’s economy by making fall down the world oil prices... Concentrated on hurting Russia Americans fail to see what’s happening in their own backyard... There is ground to believe that while openly supporting the United States Saudi Arabia plays its own game aimed at squeezing the competitors away, including America, from the market. Some time ago Riyadh used to say that OPEC members will not cut production even if the price plunges to $40 dollars a barrel. With oil prices plummeting traditional oil producers have enough reserves to make it through a period of frugality while the US shale industry will be delivered a deadly blow to make it never bounce back. The negative economic trends are already visible in the US while Russia has not even started to take counter measures as the economic war unleashed against it is raging on...

Olga SHEDROVA | 25.12.2014


 

How the CIA Launched the «Financial Pearl Harbor» Attacks on Russia and Venezuela

Central Intelligence Agency director John Brennan's long familiarity with Saudi Arabia, owing to the time he spent there as the CIA station chief in Riyadh in the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum industry insiders claim that Brennan's agents inside Saudi Aramco convinced the firm's management and the Saudi Oil Ministry to begin fracking operations in order to stimulate production in Saudi Arabia's oldest oil fields. The Saudis, who are not known for their hands-on knowledge of their nation’s own oil industry, agreed to what became an oil pricing catastrophe which would not only affect Saudi Arabia but oil producing nations around the world from Russia and Venezuela to Nigeria and Indonesia...

Wayne MADSEN | 20.12.2014


 

The Oil Coup

EDITOR'S CHOICE | 16.12.2014


 

US - Saudi Arabia Oil Prices Collusion: Calculations and Errors

This is the time the markets should expect oil prices to go up but they go down. It proves that a tacit collusion is taking place between the leading oil exporters and the countries involved, for instance, the United States... The history of tacit agreement between the United States and Saudi Arabia allegedly goes back to the President Obama’s visit to Saudi Arabia in April 2014 when the US Middle East policy ended up in total failure and there was an urgent need for a way out. Some reporters hurried up to say that it was the most important foreign tour during the whole tenure of President Obama. The agenda included the US initiative to bring the oil prices down to “punish Iran and Russia»...

Dmitry MININ | 27.10.2014


 

Gas Exporting Countries to Gather in Moscow for Influential Forum

Members of the influential Gas Exporting Countries Forum (GECF) will gather in Moscow 1-2 July 2013. Long-term contracts and infrastructure projects are reported to be high on the agenda. The GECF is an international club of major natural gas exporters including Russia, Iran, Qatar, Libya and Venezuela. Exporters strive to guarantee the stability of gas supplies, open new markets for this clean energy source and provide a balanced risk sharing mechanism between producers and consumers...

Igor ALEXEEV | 27.06.2013


 

OPEC's Home Stability Costs

At first glance, OPEC, the oil-exporting countries' alliance established in 1960 by Iran, Iraq, Saudi Arabia, and Venezuela, must be reliving the good old days with spectacular oil prices reinstated and its end-of-the-year gain as projected by the IEA inching towards a trillion dollar mark. The figure, however, reflects only the brighter part of OPEC's present-day picture, the downside being that its formerly robust internal consensus is being washed away by a tide of financial egotisms and national rivalries...

Vadim VIKHROV | 07.08.2011




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OUR COLUMNIST
    Melkulangara BHADRAKUMAR

Obama Hustles Modi, Did He Succeed?

...Indeed, the US objective has always been to recruit India in its containment strategy against China... However, the moment Obama and the spin doctors in his entourage took off for home, Indian officials scrambled to do fire-fighting, distancing themselves from their «strategic misinterpretation» of the joint strategic vision statement. According to them, Modi made it clear to Obama that India’s independent foreign policies would not allow any «third power» (read US) to forge a common front against China...

30.01.2015
 
 
 
 
 
 
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