In Mexico, disappointment with Pena Nieto fuels a desire for change
Mexicans seem set to vote for change in their country’s July presidential election, with Andres Manuel Lopez Obrador far ahead in the polls. The ruling party’s candidate is a distant third, and that reflects widespread disappointment in the current administration of President Enrique Pena Nieto. The government has notched up several successes in its reforms, but positive change is coming slowly, while a rise in violence and corruption have angered ordinary citizens.
Increasing oil competition in Asia
The first supertanker bearing U.S. crude oil to Asia after a 40-year export embargo was liftd left the Gulf Coast of Louisiana in February 2018. The event was hailed as the start of a new oil trading era, and possibly the start of a war for market share in Asia between U.S. shale producers and conventional exporters from the Middle East. In fact, of all oil exporters to Asia, the Middle Eastern producers should be the least concerned.
Opinion: Venezuela nears the breaking point
What will happen to Venezuela after the government tries to steal an unconstitutional presidential election on May 20? Everything depends on the cohesion of the splintered opposition and the determination of the international community. If either fail, the Western hemisphere could be faced with its most severe humanitarian crisis in more than a decade.
Peace process under strain as Colombia gears up for election
Colombia's peace agreement has not led to the immediate prosperity many in the country were hoping for. Violence is still common, the economy is lagging, and refugees from neighboring Venezuela are flooding into the country. The May presidential election could help the peace process move forward – or tear it apart, depending on which candidate wins.
GIS Dossier: The South China Sea
The South China Sea is critical for global trade and security. Beijing’s moves to extend its influence throughout the sea have heightened tensions, risking conflict with neighbors and the United States. China’s global position, economic power and energy riches are all at stake. This survey presents GIS experts’ analyses and predictions for this crucial body of water.
The Caspian Sea basin: lessons from recent major investments
The Caspian region has bucked a global trend of low oil and gas investment because it offers good business conditions and developed infrastructure. As these investments increase production from the region, new opportunities could emerge for both China and Europe to shore up their energy security. But this development could also lead to more confrontation between Russia and the United States.
Oil market rebalancing and the future of ‘OPEC+’
In 2016, some oil-producing countries that were not part of OPEC joined with the cartel to agree on production cuts to shore up oil prices. At the time, plenty of observers were skeptical the group would hold together. But not only did it manage to implement the reductions (and extend them twice), it has put a floor under oil prices. Now that prices are rising, many again doubt the alliance will survive. But the realities of the oil market continue to make cooperation beneficial, especially for the two leading countries: Saudi Arabia and Russia.
India and the Middle East: energy at the heart of new strategic partnerships
Over the past 15 years, India has elevated many of its relationships with countries in the Middle East to “strategic partnerships.” But how much substance is there to that moniker? Energy is the driving force behind the phenomenon: Indian demand for fossil fuels is rising sharply, while Middle Eastern countries want to shore up their positions in a crucial market. Beyond that, there is little that is “strategic” about these ties, and the interests of energy buyers and sellers are not necessarily aligned.
Opinion: New president, new prospects in Angola
Joao Lourenco, Angola’s new president and a long-time insider of its power structure, has taken decisive steps during his first 50 days in office to put the naturally endowed African country on a course to economic recovery, and possibly a political reorientation.
The technological revolution in Oman’s oil and gas industry
Enhanced Oil Recovery (EOR) technologies, “cracking” methods for extracting oil and gas from rock formations and reasonable policies toward foreign investors have enabled the Sultanate of Oman to increase its hydrocarbons production remarkably – despite small proven reserves and difficult geology.