Syed Rashid Husain
In the evolving scenario, Riyadh and its Gulf Arab allies see Beijing as an emerging military power and a potential ally.
While the players in this geopolitical game today continue to be the same as before, they are now aligned differently.
Despite not wanting to, Saudi Arabia is back in its role of the global swing producer.
The impact of the pandemic would continue to influence global crude demand in 2021 too.
The UAE and Saudi Arabia have long sought to find alternative routes to bypass the Strait, including through pipelines.
The global oil industry needs some $12.6 trillion in investments through 2045 to meet the global demand, says Opec official.
With global oil demand declining, sooner than anticipated, the Russian Finance Ministry has begun preparing for lower revenues.
Opec+ will continue to meet every month, until March 2021, to decide subsequent monthly increments, to a maximum of 500,000 bpd.
For the first time in history, oil revenues would not cover salaries and subsidies, which have swelled since 2006.
Tough market conditions are endangering the very fabric of the group.
ON day one in the office, the US President-elect Joe Biden is vowing to take the US back to the Paris Convention on...
Not long ago, oil demand was expected to peak around 110 million barrels per day.
If Trump wins a second term, he would continue his deregulatory push to expand federal areas to drilling.
Ominous clouds on the Gulf horizon may put the jobs of thousands of Pakistanis employed in that part of the world in jeopardy.
Job reductions in oil and gas upstream and large integrated companies probably have reached the 100,000-mark, says expert.
THE issue of climate change is beginning to impact the ‘crude’ horizon.
Warning traders against betting heavily in the oil market, Saudi energy minister says he will try to make the markets “jumpy”.
Uncertainty about crude fundamentals remain unusually high.
This year may be the turning point for the energy world, Fatih Birol, executive director of International Energy Agency says.
Global oil demand is currently sitting at 89 per cent of pre-pandemic levels, states report.