Next month the US Administration concludes its review of relations with Iran and addresses its next requirement to report to the US Congress on whether Tehran continues to comply with the Iran nuclear deal. Credible reports suggest that President Trump is seeking a way to justify declaring that Iran is no longer compliant with the deal.
A failure to renew the oil accord would add further oversupply.
Long-term growth in oil production in the Central & Eastern European (CEE) region is dependent on Azerbaijan, Russia and Kazakhstan, according to the outlook for Central & Eastern European oil, gas & fuel released by BMI Research (a unit of Fitch Group).
The current year, 2017, was declared the Year of Ecology in Russia. The goal is to draw attention to the problems existing in the environmental sphere and improve the state of the country's environmental security. A very timely step. After all, more than 40 million Russians live in dysfunctional environmental conditions, and more than 1 million - in territories where the level of pollution is characterized as dangerous. Russia ranks third in the world in terms of the level of energy extravagance and the first - in terms of the volume of absolute losses in heat networks.
Construction of the Trans-Anatolian Natural Gas Pipeline’s underwater section in the Marmara Sea has started, the Turkish media report .
World leaders and foreign ministers in UN General Assembly during last week spoke about real challenge for the global community. World must hope the chance for formal and informal discussions can play its part in reducing tensions and divisions.
A meeting on the Iranian nuclear deal between Iranian Foreign Minister Mohammad Javad Zarif and foreign ministers of Six powers (Russia, the US, France, UK, China and Germany) is planned to be held on the sidelines of the UN General Assembly in New York.
With the three Baltic countries yet again failing to find a common position, Lithuania is considering carrying out a key strategic energy project for synchronizing the power grid with the Western European system without Latvia and Estonia.
The current development of world energy is affected by a number of differently directed factors: the depletion of some traditional deposits and the development of new, sometimes more difficult-to-reach oil shale or heavy oil deposits, efforts to build capacities for the production of liquefied natural gas (LNG) and to provide transportation infrastructure. It is necessary to spend considerable funds on the development of renewable energy sources (RES), on improving technologies for extraction and processing of resources. This is taking place with the aggravation of the political situation and outbreaks of military operations in the Middle East region, which accounts for about 43% of the world's oil production. All this causes a divergence of supply and demand, a depressive state of prices, affects the structure of the existing commodity flows and their filling.
Nowadays diplomacy appears as the sole path to stop global crisis, further military confrontations and perhaps a possible nuclear war.