What To Buy To Benefit From Low Oil Prices. Part Two: India

Forbes By Chris Wright Earlier this week, I started a series on countries that will benefit from the decline on oil prices with a piece onTurkey. As we discussed, countries that have a deficit in their oil supplies stand to benefit strongly from lower oil prices. The second example in the series is India. Much […]

Read More

In Natural Gas, All Pipelines Go Through Turkey

Al-Monitor  By Mehmet Cetingulec The number of projects that will turn Turkey into a natural gas bridge between East and West is increasing. Azerbaijan, Turkmenistan, Iraq, Iran, Russia and Israel all have a desire to transport natural gas to Europe viaTurkey. Turkey itself is a major natural gas consumer with its annual demand of about 50 […]

Read More

Leonid Bershidsky: Vladimir Putin’s Gas Crunch

National Post By Leonid Bershidsky BERLIN — Ever since Russia became something of a rogue state in the eyes of its European energy clients, it has tried to demonstrate that it can mostly do without them — if not immediately, then in a few years’ time. Two major deals have been announced since the annexation of […]

Read More

What To Buy To Benefit From Low Oil Prices. Part One: Turkey

Forbes Chris Wright We know the countries that are set to suffer from low oil prices: Russia, which this column has frequently discussed, is in a world of trouble; Nigeria, which has had to devalue its currency; and Venezuela, which hardly needed another reason to fall into turmoil but now has one, and is likely […]

Read More

Russia Says Economy Could Fall Into Recession Next Year

Eurasia Review The Russian government has warned the economy will fall into recession next year as Western sanctions, in response to its role in eastern Ukraine, and falling oil prices begin to bite. According to BBC News, Russia’s economic development ministry estimates the economy will contract by 0.8% next year.It had previously estimated the economy […]

Read More

Survival of Fittest as Oil Tumbles Below $65

The National West Texas Intermediate tumbled below US$65 a barrel to the lowest level since July 2009 amid speculation prices have further to drop before Opec’s decision to maintain output slows US shale supply. Benchmark futures in New York and London slumped more than 3 per cent after capping their biggest monthly loss in about […]

Read More

Egypt in Talks to Import Cypriot Natural Gas

ABC NEWS By Menelaos Hadjicostis Associated Press Egypt is speeding up talks with neighboring Cyprus to import natural gas for its domestic use and for possible re-export to other countries, the Egyptian petroleum minister said Tuesday. Sherif Ismail said gas can be piped directly to Egypt from the field off Cyprus’ southern coast that is estimated […]

Read More

China Shale Boom Fizzles as Clean Energy, Imports Take Lead

Bloomberg By Aibing Guo China has sharply cut its output target for shale, signaling the country’s drilling boom is fizzling out before it even gets going. The nation has reduced its goal for the end of the decade to a third of an earlier estimate, as difficult geology, lack of infrastructure and limited exploration rights conspire […]

Read More