Although pervasive, subsidies have long been accepted by economists as a generally inefficient, costly means of resource allocation that leads to wasteful consumption and distortion of international trade and local markets. Oil-exporting economies have adopted energy pricing reform since the collapse of the oil price in mid-2014, despite lingering fears that such efforts would hurt […]
With proven natural gas reserves standing at 991.6 trillion cubic feet (Tcf), Iran holds the world’s second largest gas reserves after Russia1. Since the Islamic revolution in 1979, the production of gas in Iran has mainly been intended to meet the domestic demand2. However, at the end of 2001 Iran began to export gas to […]
The European Commission has stuck to its guns in proposing ownership unbundling for energy networks. But David Buchan warns that if the Commission’s plans misfire on investment from inside and outside the EU, and create more of a two tier market structure, they would have been better kept in their holster.
The development of the international economy has created a system of interdependent nations, ultimateiy pointing at one world economy. This process of globalisation has strengthened the role of international economic organisations and treaties, creating new sets of rules, procedures, and principles.
New OIES paper: Oilsands firms have shown financial resiliency through cost reduction & vertical integration but se… https://t.co/npp6Nff3mL
Saudi Arabia’s Next Oil Move https://t.co/3SxvDUpSWE
Between 20-30 mb based on difference between tanker- tracking estimates & official customs data gone into bonded ta… https://t.co/SEEfIzEVwn
Renewable investment will benefit MENA oil-rich countries whether or not oil demand peaks; question is how to enabl… https://t.co/nrYEg4hc0w