Tag Archives: Energy Today

OPEC and its non-OPEC allies will gather in Algeria over the weekend to review compliance with existing cuts.

LNG prices in Asia are likely to remain largely unaffected for now.

Cyprus and Egypt are planning to link Aphrodite with the Egypt liquefaction plants in Idku and Damietta.

Crude oil exports from southern Iraq are close to a record-high so far in September.

Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.

In the near-term. the US seems to be counting on Saudi Arabia and Russia. along with American shale drillers. to offset the losses from Iran.

Three billion dollars of the revenue from oil. gas. and condensates have entered the economic cycle of the country.

Saudi Arabia is expected to take the issue of balancing the market at the upcoming summit of OPEC.

Seeking to reverse a downturn in oil prices that began in 2014. OPEC. Russia and other allies decided in late 2016 to reduce supply.

For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.