Turkey plans new drilling for oil and natural gas in disputed waters, in a major assertion of its claims over resources that could fuel tensions with neighbors. Drilling will take place in the eastern Mediterranean and Black Sea from July, while seismic exploration will be stepped up within maritime borders set by an accord with Libya’s internationally recognized government, the Turkish energy minister said. – Bloomberg
Ellen R. Wald writes: If Saudi Arabia is able to demonstrate that it could sell all of its supply, then that could signal that, at least on one level, its gamble is working. […]If, on the other hand, Saudi Arabia can’t find buyers, the market will have little confidence in the kingdom’s ability to impact prices or its power over the oil market. Global oil prices will fall and Saudi Arabia will face an identity crisis. – Bloomberg
Karen Young writes: The economies of the GCC states will experience major changes from the twin COVID-19 and oil crises, as will the global economy. The societies of the GCC states, however, may be the most changed in terms of their demographic composition and reliance on foreign labor. This could be a moment for recalibration of reliance on foreign workers. It could also be a moment in which standards of living are drastically downshifted as a vibrant consumer base is weakened by expatriate exits. – Al-Monitor
Egypt and Turkey's energy face-off in the Mediterranean
Egypt signing an agreement with five major energy companies to start drilling in the Mediterranean off its coast near Libya raises the prospect of more friction developing with Turkey.
Egypt signing an agreement with five major energy companies to start drilling in the Mediterranean off its coast near Libya raises the prospect of more friction developing with Turkey.
Turkey appears to want more than Syria’s oil
Like Moscow and Washington, Ankara seems to be coveting the oilfields of Deir ez-Zor in Syrian Kurdistan, which Kurds fear would give Turkey an opening to take over the entire Rojava area.
Like Moscow and Washington, Ankara seems to be coveting the oilfields of Deir ez-Zor in Syrian Kurdistan, which Kurds fear would give Turkey an opening to take over the entire Rojava area.
Saudis risk losing last Republican defenders with oil price war
The oil price war places the Saudis at risk of losing their previously stalwart defenders on Capitol Hill, the last line of defense against legislation targeting the kingdom.
The oil price war places the Saudis at risk of losing their previously stalwart defenders on Capitol Hill, the last line of defense against legislation targeting the kingdom.
Turkey appears to want more than Syria’s oil
Like Moscow and Washington, Ankara seems to be coveting the oilfields of Deir ez-Zor in Syrian Kurdistan, which Kurds fear would give Turkey an opening to take over the entire Rojava area.
Like Moscow and Washington, Ankara seems to be coveting the oilfields of Deir ez-Zor in Syrian Kurdistan, which Kurds fear would give Turkey an opening to take over the entire Rojava area.
Dr. Vish Sakthivel writes: The pandemic has brought profound and indefinite uncertainty to societies the world over, and whether the opening provided by the health crisis will have lasting effects on Hirak’s modes of action is yet to be seen. […]However, that the majority is calling for a different tack and ready to use the crisis — and the public outrage that will likely ensue — as a political opportunity reveals a dynamic and adaptable movement that will continue to be a fixture in Algerian politics. – Middle East Institute
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