Algeria Explores Offshore

Algeria entered into a deal with Total and ENI to conduct offshore exploration for oil and gas by studying deep waters in the Mediterranean off the Algeria coast. In the words of ENI CEO Claudio Descalzi “Together with Sonatrach and Total, we will have the opportunity to explore the deep water of the Algerian offshore, […]

Continue Reading

Dent On Saudi Arabia

As the third leading producer of crude oil and a leading member of OPEC, Saudi Arabia, is facing a reputational test. The is caused by the assassination of Jamal Khashoggi, a Saudi dissident and journalist for The Washington Post, in Saudi Consulate in Instabul, Turkey. The incident has been seen has premeditated and evidence form […]

Continue Reading

The Bear And Bull

OPEC’s policy of restricting oil production in a bid to maintaining a reasonable oil price for its members was challenged by the bullish production strategy of the United States and Russia. For instance following the imposition of Iran sanction, it provided an opportunity for OPEC to increase production to cover up for Iran. However, oil […]

Continue Reading