The Fuse

Petropolitics

OPEC/MENA

OPEC Meets With U.S. Producers as It Ponders Next Move

OPEC officials warn that underinvestment may lead to a price spike, but major oil producers do not have a strategy to meet longer-term demand growth. Read More

OPEC/MENA

Nigeria Bribery Scandal Reflects Cost of Doing Business in Petrostates

High-ranking officials of two major IOCs will go on trial in Milan for bribing Nigerian officials to secure lucrative contracts, marking the third major corruption scandal that has touched large oil companies in recent years. Read More

OPEC/MENA

Rage Against the Shale Boom: The Move to Institutionalize the Vienna Group

Although they have been caught off guard by U.S. growth, OPEC members and their non-OPEC partners have successfully regrouped and will likely be well positioned if fundamentals eventually tighten even more. Read More

OPEC/MENA

Egypt-Israel Gas Deal Points to Eastern Med Energy Hub

Texas-based Noble Energy and Israel’s Delek Group, the two companies producing gas in Israeli waters, will ship about 64 billion cubic meters of natural gas over the next decade to Egypt’s Dolphinus Holdings. Read More

OPEC/MENA

Kurdish Oil After the Vote: A Post-Mortem

The independence referendum exposed how vulnerable the semi-autonomous KRG was—as a landlocked, oil-dependent territory surrounded by hostile powers. Read More

Economics

Weaker Dollar Hurts Purchasing Power of OPEC Countries, Helps Shale

The weaker dollar has large implications for oil-exporting countries, particularly those in OPEC, as it cuts their purchasing power. Read More

OPEC/MENA

Saudi Arabia and Russia Deepen Energy Ties, Set to Continue Oil Market ‘Cooperation’

Saudi Arabia and Russia successfully collaborating on tightening fundamentals and lifting prices, if it continues, will likely have large ramifications for the global oil market in the future, given that both are in a position of strength with high production volumes and large proven reserves. Read More

Oil and the Economy

U.S. LNG Arrives in Europe, Set to Compete With Russian Gas

While U.S. LNG will play second fiddle to pipeline gas from Russia in the European market, the mere fact that Gazprom has granted pricing concessions is a sign that Europe's LNG imports are having a significant effect. Read More

Petropolitics

Energy Implications of Tighter U.S. Sanctions on Russia

The new sanctions will still tighten the screws on Russia’s energy sector, altering how the country does business with the global energy industry and increasing risks of partnering with Russian companies. Read More

OPEC/MENA

OPEC Still Trying to Get What It Wants

OPEC’s gamble to cut production to shore up prices has not worked out the way members thought it would, but the cartel cannot be faulted for not trying. The inadequacy of its policy in the first part of 2017 means that OPEC will do whatever it takes during the second half of the year to achieve its goals. Read More

Economics

Do Foreign-Owned Refining Assets Undermine U.S. Energy Security?

The possibility that Russia may soon own refineries in the U.S. if Venezuela’s PDVSA defaults on its loans from Rosneft has pushed the risks of foreign-owned energy assets in the U.S. into the spotlight. As of now, some 30 percent of U.S. refining capacity is owned by foreign companies. Read More

OPEC/MENA

Venezuela-Russia Deal Threatens U.S. Energy Security

In the event that Venezuela defaults on its loan to Rosneft, the Russians would assume control of critical U.S. energy infrastructure. Read More