In his latest Quick Take, Ian Bremmer says the Iran war has left the global economy paying a steep price while delivering few of the outcomes the Trump administration promised. But it may have one unintended consequence: accelerating the transition away from fossil fuels.
Ian argues that the focus has shifted away from Iran’s nuclear program and toward restoring normal traffic…
Seven OPEC+ members are meeting Sunday to make their first decision on oil-production quotas since the United Arab Emirates’ departure from the cartel, which added to the soaring price pressure unleashed by the Mideast war. The UAE, one of the world’s top producers, announced April 28 it was withdrawing from the Organization of the Petroleum […]
The post OPEC+ to make first post-UAE production…
In this “ask ian,”Ian Bremmer says the United Arab Emirates’ decision to withdraw from OPEC reflects a broader erosion of trust in longstanding institutions amid growing regional instability.
Ian notes that in this more fragmenting geopolitical landscape, more and more countries are “seeing their own interests as distinct and hindered by, hampered by legacy institutions and…
The United Arab Emirates announced Tuesday that it will leave the Organization of the Petroleum Exporting Countries (OPEC), the 12-country cartel that coordinates oil production and exports, on May 1. The Gulf state has long been frustrated with the crude quotas that the group imposes. It will also exit OPEC+, a group that includes other large oil…
The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on “national interests”, it announced on Tuesday, causing fresh shockwaves as energy prices soar over the Middle East war. The UAE, one of the world’s top oil producers, which has previously chafed at OPEC production quotas, will pull out on […]
The post UAE pulls out of OPEC oil cartels citing ‘national…
La guerra in Iran, con gli attacchi alle infrastrutture e la chiusura dello Stretto di Hormuz, sta producendo effetti pesanti sull’offerta globale di greggio. A marzo, secondo il rapporto mensile dell’Opec, la produzione complessiva del cartello è crollata del 27,5% su base mensile, passando da 28,7 a 20,8 milioni di barili al giorno. È una […]
L'articolo Guerra in Iran, a marzo la produzione di…
Il mercato del petrolio rimane sotto ghiaccio in attesa che il blocco dello Stretto di Hormuz – dovuto alla guerra scatenata da Usa e Israele in Iran – trovi una risoluzione che al momento non si vede all’orizzonte. Così l’Opec+, il comitato che riunisce gli 8 principali Paesi produttori, ha disposto un aumento delle quote […]
L'articolo Gli 8 Paesi big del petrolio danno l’ok all’aumento di…