Thanks to fracking, the United States is reaching the top spot among world oil producers sooner than expected, and is well on its way to realizing the American dream of energy independence. This was the conclusion of the International Energy Agency (...)
Arab citizens raise constant questions about the future of oil, especially in light of important changes taking place in the energy sector. In this article, we will try to review some forecasts up until 2035, produced by the Organization of (...)
Wars are often accompanied by the spread of false news and claims repeated without verifying their source or authenticity. But as they are repeated again and again, they become facts that are hard to question.
Several factors overlapped in the (...)
Crude oil prices recently settled at levels around the $100 per barrel mark. Relatively speaking, oil prices have been more stable compared to violent fluctuations in the prices of other commodities, gold, and currencies. Yet despite this stability, (...)
The Lebanese became optimistic when they heard about the possibility of discovering natural gas reserves in their territorial waters. But the optimism was soon followed by a question that nearly all Lebanese asked: who would benefit from the (...)
The ongoing Western-led embargo on Iranian oil has been in place since the early 1980s. There have been many reasons behind this series of boycotts and embargos on the most important economic resource for Iran. Experience shows that the early (...)
On September 14, the Oil and Energy Committee in the Iraqi Parliament published a report prepared by the advisers in the Prime Minister's Office, stating that Iraq is losing annually around $ 40 billion due to the chronic crisis of power outages. (...)
From time to time, huge oil reserves are discovered, and are added to global supply reserves. In this regard, we find that the large-scale production of oil in the Middle East began shortly after WWII, though some mega fields had been discovered in (...)
The spark of the civil war in Syria started in March 2011. The petroleum sector (oil and gas) incurred its share of the devastation that hit the country since the beginning of the uprising. The Syrian Minister of Petroleum said in October 2012 that (...)
Brent crude oil prices rose last week to nearly $117 per barrel, an increase of $6 in the span of almost one week, on account of the tension in the Middle East and the possibility of a military strike on Syria. However, and as is known, Syria is not (...)
Iraq has huge oil reserves, estimated to be at around 143 billion barrels, in addition to gas reserves of about 3.2 trillion cubic meters. However, despite these massive reserves that put Iraq in the ranks of the top five oil countries worldwide, (...)
Interest in renewable energy among the Arab public remains very limited, given the dominance of the hydrocarbon industry over the economies of the region. This way of thinking among the public has not changed, despite the major transformations in (...)
The discovery of shale oil and gas in North Africa represents a major challenge for the global oil and gas industry, which shale has taken into a new hydrocarbon era that will no doubt leave its mark on prices, competition, and even geostrategic (...)
Near the end of June 2013, after years of negotiations between companies and European countries, an agreement for the export of natural gas from the Shah Deniz – Phase II offshore field in Azerbaijan was announced. The agreement would see the (...)
Recently, Mr. Gebran Bassil, Minister of Energy and Water in the caretaker government of Lebanon, announced that Israel "has discovered a new gas field about 4km from the Lebanese border, which means that Israel is now able to reach Lebanese (...)
According to a study recently released by the OPEC secretariat, world economic activity in the current year has been marked by cautious calm. However, data trends indicate that the second half of the year could see a rise in the demand for OPEC oil, (...)
After decades of waiting throughout the twentieth century, the features of a new petroleum industry in East Africa, a region comprising 21 countries, have started to emerge. So far, five East African nations have established petroleum prospects, (...)
Iraq possesses huge oil reserves, but the political turmoil over the past decades of wars and economic embargo, not to mention the problem of how to allocate oil revenues among salaries, pensions, and the military, prevented extensive investment in (...)
Last week, the US Energy Information Administration (EIA) released the first study of its kind on shale oil and gas reserves worldwide. While the EIA presented extensive information on the size of global shale reserves, the challenge that remains is (...)
One of the key problems blighting Iraq lies in the lack of accord among the main communities of Iraq, namely, the Shias, Sunnis, and Kurds. In 2005, Iraq adopted a federal constitution, which the Kurds played a major role in drafting. One goal of (...)
Last week, the regular semi-annual meeting of OPEC's ministerial council convened, as oil prices continued to be above the $100 per barrel mark since 2012. This, of course, would be reassuring to exporting countries in normal circumstances. However, (...)
The discovery and production of shale oil in the United States has led to a ‘revolution' in the industry. This development, which will transform the United States into an oil- and gas-exporting country, is garnering wide attention in light of the (...)
Gas discoveries in the eastern Mediterranean represent extremely important economic opportunities for the countries concerned. Nevertheless, they create geopolitical problems for these countries as a result of military occupation; failure to (...)
Mid-last month, the US Energy Information Administration (EIA) released a study that advanced five scenarios regarding the impact of shale oil on the United States. The most optimistic scenario suggests that the United States may become an (...)
The oil sanctions imposed by Western powers and the United Nations have formed a staple part of the policies of the major powers to punish certain Middle Eastern nations in the past three decades. And whenever they failed to obtain consensus at the (...)