Energy Archive

Oil markets are expecting the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend their supply quotas when they meet in Vienna on Thursday. The current production cuts have failed to drain bloated oil inventories due to a remarkable resurgence in U.S. shale production. Keeping production down will not be easy for the coalition of 24 oil producers, 11 of which are not in OPEC. Even if fully implemented, an extension of the deal will likely just prevent oil prices from falling, while giving more market share to U.S. shale. It seems that OPEC has lost the […]

Vietnam’s campaign against corruption notched a significant victory earlier this month with the removal of a top Politburo official for “very serious mistakes and violations” while he was chair of PetroVietnam, the state-owned oil and gas company. But analysts say that there is a more complicated story behind the rare Politburo sacking—just the fourth in Vietnam’s history and the first for corruption—that involves personal and factional maneuverings at the top levels of the ruling Communist Party. Dinh La Thang, once a rising star in Vietnam’s government, was dismissed from the 19-member Politburo, Vietnam’s top decision-making body, on May 7. Three […]

Rodrigo Duterte, president of the Philippines, went on his first visit to the Gulf last month, spending six days in Saudi Arabia, Qatar and Bahrain. In an email interview, Aaron Jed Rabena, resident fellow at the Ateneo Teehankee Center for the Rule of Law and associate fellow at the Philippine Council for Foreign Relations, explains what was on the agenda, including protections for migrant workers and the conflict in the southern Mindanao region. WPR: How have ties been between the Philippines and the Gulf evolved in recent decades, and what have been past areas of cooperation? Aaron Jed Rabena: Traditionally, […]