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Opinion: Is Russia Plotting To Bring Down OPEC?

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Russia supplied about 30 percent (146.6 The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Death by Energy.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection). As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. Moreover, any comfort the OPEC outsiders gain at best may be cold comfort.

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Europe moves forward on the Energy Union; transport key element

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Six Member States depend on a single supplier for their entire gas imports and therefore remain too vulnerable to supply shocks. 94% percent of transport relies on oil products, of which 90% is imported. The Energy Union is based on the three long-established objectives of EU energy policy: security of supply; sustainability; and.