After last week’s OPEC+ meeting failed to reach an agreement, an oil-war has been started. Although Saudi Arabia has low production costs, its government is highly reliant on oil revenues facing budget cuts. The US faces opposite challenges, where private producers have relatively high costs, the government is not reliant on oil revenue. Russia has...
Greater competition between gas supplying countries can be expected over the next decade. Gas is an important fuel in the European energy mix and as such the continent is depended on gas imports. Therefore, gas infrastructure projects are still being developed especially in the Mediterranean where gas exploration has led to new findings of the...
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