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Yemeni Oil Reserves Under Dispute As Civil War Rag...
03 Mar 2017 22:34

A Yemeni economic expert from the region contends  [ ... ]

Trade War May Push China To Russian Energy
22 Aug 2018 11:09

By Global Risk Insights   Although China ha [ ... ]

A Yemeni economic expert from the region contends that French Total's operations in the Kharkhir region amount to stealing on behalf of Saudi Arabia and ousted president Mansour Hadi – who, as the internationally recognized leader of Yemen, likely believes his actions are within his range of powers.

oil-exports-saudi-arabia-and-russia

Empire-of-Frack-400x238Energy prices started to move downward in late-2014, when Saudi oil began to flood energy markets. Variations of two main schools of thought about this emerged. One school explained things purely on the basis of business interests whereas the other school viewed the drop in oil prices geopolitically.

 

Some analysts viewed the Saudi move as a means of pushing out competitors in a saturated market with falling demands that have been caused by economic stagnation. Within this group of analysts, there were also those that viewed this as an attack on the growing shale industry in the US. According to RusEnergy analysts Mikhail Krutikhin, Saudi Arabia is trying to push US shale production out from the market by making extraction unprofitable and ultimately expanding its share of the market at the expense of US producers. [1] The decline in oil prices will hurt production in areas not controlled by the Organization of Petroleum Exporting Nations (OPEC) and this may be a means of preventing the oil market from transforming from a «seller’s marker» into a «buyer’s market». [2] Others, like Lukoil’s Leonid Fedun, maintained that the US shale industry risked becoming the victim of its own success. [3]

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