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

The quality of Russian crude is gradually improving after a contamination scandal that rocked oil markets, buyers said on Tuesday, but Russia’s energy minister cautioned that it will take until the second half of May to fix the problem.

• May 8, 2019

Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects the global oil deal between OPEC and its allies to end in the first half of the year, a company official said on Tuesday.

• May 8, 2019

By Benyamin Poghosyan, PhD, Executive Director, Political Science Association of Armenia

The United States President Donald J. Trump’s decision to recognize Israel’s sovereignty over the Golan Heights brought upon criticism and admiration from both anti- and pro-Israeli groups worldwide. However, most parts of the discussion were focused on the damages or gains of that step for the US interests in the Middle East or for competing Arab and Israeli narratives regarding the history of the Golan Heights. Meanwhile, one of the lasting implications of this decision will be the future degradation of the world order based on international norms, rules, and principles. READ MORE

• May 7, 2019