Energy Archive

Saudi Arabia’s oil sector has probably never seen developments as jarring as the ones since late August. An unprecedented shakeup in the Ministry of Energy, with a member of the royal family appointed energy minister for the first time, was followed by the stunningly precise attacks on oil facilities in eastern Saudi Arabia in the early hours of Sept. 14. Once-inconceivable questions are now being asked about the extent of U.S. commitments to the kingdom’s security, which have formed the backbone of Saudi policy for decades. How will the kingdom react? The removal of Khalid al-Falih as both energy minister […]

Venezuela’s economic collapse and Washington’s new sanctions on companies shipping Venezuelan oil to Cuba have plunged the island nation into its most severe energy crisis since the collapse of the Soviet Union in the early 1990s. In response, Havana is looking to its old ally Russia to plug the hole in energy supplies left by the decline in Venezuelan shipments. But the crisis is hampering plans to implement economic reforms that Havana hopes will respond to popular demands for economic liberalization while retaining the Communist Party’s political dominance. Visiting Cuba last week, Prime Minister Dmitry Medvedev promised that Russia would […]