Dimarts, 19 Març 2019
The Latin American nation is in a vicious circle. Oil exports are its largest source of income, and falling oil prices since 2014 coupled with Washington’s sanctions have thrown the country into a tailspin. Spending cuts have severely impacted the oil sector. The country’s refineries, storage facilities and oil tankers...
Mentre que els Estats Units no demostren gaire interès per Llatinoamèrica, el drac asiàtic intensifica de manera gradual —però ferma— la seva presència a la regió a través del comerç bilateral, la inversió estrangera directa (IED), les fusions i adquisicions, així com el finançament econòmic de les infraestructures dels...
Since August 2017, Canada, Mexico and the US have conducted 7 rounds of renegotiations on the North American Free Trade Agreement (NAFTA). The deal encompasses 20 industry sectors. How much is at stake for the energy sector? The continent is rich in natural resources and the 3 nations’ energy interdependence...
While the US is showing disinterest in Latin America, the Asian dragon is slowly but surely increasing its presence in the region through bilateral trade, foreign direct investment (FDI), mergers and acquisitions, and economic financing of the countries’ infrastructures. On one hand, the Chinese economy needs to be fed,...
Washington’s tactic to contain emerging powers trying to break free from the US’s decades long control on the world’s economy could in fact provoke an opposite effect. Increasingly, US-sanctioned states and their allies have reinforced bilateral cooperation and started conducting oil and other trades in their national currencies. In doing...
The US dollar has been reigning as the world’s reserve currency since the Bretton Woods agreement in 1944. The US then possessed the world’s largest gold reserves and were able to peg the dollar to gold. By 1971, the US gold reserves had significantly reduced and Washington was no...
This was one of the biggest energy deal ever struck back in 2014, and “the largest contract in the history of the gas sector of the former USSR,” as stated by President Putin. Today the pipeline connecting the gas-starving northern provinces of China to some of Russia’s largest gas...
Chinese president Xi Jinping’s anti-corruption campaign which had been targeting high officials since 2012 turned into a crackdown on private entrepreneurs with, as Beijing sees it, over-ambitious expansion goals. Anbang, Wanda, Fosun, HNA and now CEFC have all fallen under Xi Jinping’s ruthless campaign. They all led an aggressive...
This week, energy market analyst Diane Pallardy was invited to a France 24 live panel to discuss the current Russia-EU relations. The discussion covered, among others, the expulsion of Russian diplomats from several EU countries following the Skripal affair, Vladimir Putin’s re-election and the fire that destroyed a shopping...
The United Kingdom is planning to do precisely what it has been accusing Russia of doing over the past decade: use gas deliveries as a political weapon. Monday 12 March, Theresa May issued an ultimatum to the Kremlin to provide the UK with a credible explanation on former double agent...