Energy Archive

In mid-March, Spanish Prime Minister Pedro Sanchez sent a letter to Moroccan King Mohamed VI, supporting Rabat’s plan to grant Western Sahara autonomy over its internal affairs, while remaining under Moroccan sovereignty. The move appeared to be an abrupt departure for Spain, which has maintained a position of careful neutrality over its former colony’s efforts to gain independence from Morocco for nearly 47 years. When the Moroccan Foreign Ministry eventually made Sanchez’s support public, it provoked an uproar in Spain centered around two primary questions. First, Does this really constitute a major policy change for Spain, given that it has never explicitly ruled out the Moroccan autonomy […]

Even before Russia’s invasion of Ukraine pushed the price of crude oil above $100 a barrel for the first time since 2014, global oil prices had been on the rise for several months. After the pandemic-induced slump, the spike in prices is expected to create a boon for oil-producing countries. But for Nigeria, Africa’s largest oil producer and the holder of the 10th-largest proven oil reserves in the world, higher prices will be a mixed blessing at best. In fact, they might not provide a financial windfall at all, due to the country’s diminished oil production capacity, large-scale corruption in […]

On Feb. 27, nothing less than a revolution took place in Germany. In a 30-minute speech to parliament, Chancellor Olaf Scholz overturned all the old certainties that have dominated German security policy for over 30 years. He replaced them with an ambitious agenda that had defense, a topic with which Germany normally only reluctantly engages, at its core. Since the end of the Cold War, Germany has not felt threatened militarily. As a result, Berlin has felt little urgency to invest in its military and was reluctant to engage in the various military operations of the post-Cold War period. Where […]

In the aftermath of U.S. President Joe Biden’s announcement last week that he was banning Russian oil imports in the U.S., global markets delivered a stark message to Russia’s leading energy giants: No one wants to buy what they’re selling. No one, that is, other than India, which is the only country that has so far offered to buy Russian crude despite the new round of U.S. sanctions and the European Union’s commitment to decrease its reliance on Russian energy imports. India’s move to buy a one-off shipment of 15 million barrels of oil from Russia is sure to rankle some in Washington, but before the […]

If the global scramble to replace Russia’s oil in the wake of its Ukraine invasion had occurred a few years from now, instead of today, diplomats would be turning not only to Saudi Arabia, Iran and Venezuela for potential new sources of oil, but also to another, perhaps unexpected country: Guyana, a minuscule South American nation that is now in the process of becoming a petroleum powerhouse. In the history of the world, few moments­ like this—in which an impoverished country suddenly discovers that it possesses untold wealth—have ever occurred. And yet, that’s what happened in Guyana in 2017, when ExxonMobil […]

Scarcely more than a week ago, Chinese social media and the country’s internet were ablaze with quick takes from both prominent commentators and ordinary folks praising Russian President Vladimir Putin’s armed bid to subdue Ukraine, as well as with fervent celebrations of what many in China saw as a toothless reaction from the West. The responses from Chinese voices like these, more emotional and nationalistic than lucid and analytical, saw in Putin’s defiance of the United States and Europe more evidence of the unstoppable rise of authoritarian states like their own, and of the longed-for decline of the West. Although […]

The Russian invasion of Ukraine has brought some clarity to regional realignments and strategic partnerships in the Middle East, with the changing relationship between the United States and the oil-producing members of the Gulf Cooperation Council in particular coming into sharp focus. War has a tendency to cause states to pay closer attention to and accelerate policy decisions on issues that they might otherwise prefer to defer action on or to leave ambiguous or unresolved. But after more than a week of fighting in Ukraine, one thing has become clear: Washington’s partners in the Middle East are increasingly confident about […]

The early results are in and could hardly be clearer: The much-dreaded Russian version of a shock-and-awe campaign to subdue Ukraine has failed. No one knows exactly what will happen next, but the Ukrainian people have just offered a robust rebuttal to Russian President Vladimir Putin’s claim that they are not members of a real nation. As the entire world has now seen from the first days of the conflict, their patriotism and valor in standing up to a far larger and better-armed Russian adversary caused the invaders to bog down and lose momentum. Most observers, not least Putin himself, […]