Total SA was denied per- mission to drill fi ve deep- water blocks in the Ama- zon Reef off Brazil’s coast over biodiversity concerns. The Brazilian Environment Agency, known as Ibama, said…
Huawei Arrest Keeps U.S.-China LNG Spat Alive, Developer Says
The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, according to the developer of a U.S. project to…
Shale will take Opec cut but no longer needs it
U.S. shale’s response to OPEC’s decision to cut supply and boost prices: We’ll take it, but we don’t need it. In 2014, the U.S. oil industry’s fate seemed to rest in the…
OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak
OPEC’s surprise output reduction has wrong-footed short-sellers. Hedge funds cut bets on rising Brent crude prices to the lowest in more than three years in the week through Tuesday as short positions…
QP signs exploration agreement marking its first entry into Mozambique
Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in Mozambique. The agreement is…
GCC Summit today as unjust blockade of Qatar continues
The 39th GCC Summit takes place today in Riyadh amid an ongoing blockade on Qatar imposed in June 2017 by Saudi Arabia, Bahrain, the United Arab Emirates and Egypt.Without even giving the…
Kristian Ulrichsen: Leaving OPEC Reinforces Qatar’s Autonomy
Kristian Ulrichsen, a Baker Institute fellow and author of “The Gulf States in International Political Economy,” published an op-ed in The New York Times this week on the logic behind Qatar’s decision…
U.S. energy secretary pledges American support to wean Iraq off Iranian gas
BAGHDAD —Iraq’s stability rests on revitalizing its energy sector and weaning itself off natural gas imports, Energy Secretary Rick Perry said Tuesday during a rare visit by a member of President Trump’s…
Why Is Qatar Leaving OPEC?
The decision to leave the oil cartel is aimed at reinforcing the country’s autonomy from its Persian Gulf neighbors. The surprising declaration by Qatar about leaving OPEC on Jan. 1 is a…
The GCC summit against a backdrop of regional crises
The 39th annual Gulf Cooperation Council (GCC) summit took place in Riyadh as the body is ridden with crises including regional disunity, challenges to sovereignty and the diminishing international reputation of Saudi Arabia, the…