OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.

• May 15, 2019

Exports of clean Russian oil via the Druzhba pipeline, interrupted due to contamination, will be fully restored in late May or early June, Russian Energy Minister Alexander Novak said on Wednesday.

• May 15, 2019

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

On 5th April of 2019, a meeting of the railway authorities of Kazakhstan, China, Iran, Turkmenistan, and Uzbekistan took place in Almaty dedicated to advancing cargo traffic along the North-South Transit Corridor. In fact, the participation of Uzbekistan in the project will shorten the route of goods from China to Iran and forward. Being a part of the ambitious North-South Transit Corridor, the China-Kazakhstan-Turkmenistan-Uzbekistan-Iran railway can shape the geopolitics of Central Asia. READ MORE

• May 14, 2019

Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say.

• May 13, 2019

Mike Pompeo will make his first trip to Russia as U.S. secretary of state next week for talks with President Vladimir Putin and Foreign Minister Sergei Lavrov on “aggressive and destabilizing actions” Moscow has taken around the world, a senior State Department official said on Friday.

• May 13, 2019

U.S. Secretary of State Mike Pompeo said he discussed concerns about interference in upcoming U.S. elections with Russian Foreign Minister Sergei Lavrov on Monday and told him interference was “not appropriate.”

• May 13, 2019

By Nika Chitadze, PhD, Director, Center for International Studies, International Black Sea University, Tbilisi

Environmental resources such as water and air have always been necessary for human life and human activities. For the majority of human history, the environment did, however, not represent a problem for mankind and its sustainable development. The environment and the natural resources satisfied the needs of the people, without causing damage to the next generations. In the second half of the 20th century, the topic of environmental protection has entered the political agenda, because humanity’s economic activities have raised environmental pollution to a level that threatens various species and even the ecosystem as a whole. READ MORE

• May 9, 2019

Pipeline operator Ukrtransnafta said on Monday that clean Russian oil had started flowing from Belarus towards Ukraine and it was ready to resume oil exports to the European Union following a transit hiatus over contaminated crude.

• May 8, 2019