The relationship between the Saudis and American have been historically riddled with controversies and complications. Despite extremely different approaches to governance (one being an Islamic Absolute Monarchy and the other a secular constitutional republic), the United States and the Kingdom of Saudi Arabia have a rather interesting diplomatic relationship. While the relationship had strained during the Obama administration, the Americans …

Due to supply chain constraints and the ongoing Russian-Ukraine war, oil prices have markedly increased around the world. In the United States (US), gas prices have reached an all-time high. Drivers, on average, had to pay $4.17 for a gallon of regular gas in March of 2022. [1] This is not the first time the US is experiencing surging oil …

The oil market currently is experiencing a crisis that is beginning to reach the levels of the 1973 oil crisis, with barrel prices circulating above the 100 US dollar margin. The COVID-19 pandemic in correlation with the Russian invasion on Ukraine have both taken its toll on the oil market and the supply thereof. The world is now facing a …

Considering that Russia is the world’s second-largest producer of natural gas, one of the world’s largest oil-producing nations, and that Ukraine is a crucial transition point of the pipelines that link Russia and Europe, with the military invasion of the Ukrainian territory by the Russian troops, there will be a drastic aftermath on numerous sectors, namely the energy one. Although …

After Nord stream 1, the project of Nord stream 2 doubling the gas provision from Russia to Germany came to life. This gas pipeline of one thousand two hundred and thirty kilometers scares the US, which see the expansion of power of the first gas provider to Europe as a threat. The project led by Gazeprom, a russian company with …

The energy transition and the search for zero-carbon solutions have led to a decline in investment in fossil fuels worldwide. This is also due to the reduction in subsidies and the increase in carbon taxes. In the current phase of global economic recovery, where renewable energies are not yet able to fill this gap, the demand for energy far exceeds …

The past months have shown a significant increase in Gas prices in the Member States of the European Union, as well as globally. At this point, the natural gas prices have risen by a stable 400% since the same period last year, leaving the EU citizens baffled by the policies of the EU.             The EU holds that preventing gas …

The news of the last few days have been focused on one thing and one thing only: COP26, it has been the title of newspapers, broadcasts, podcasts, and every other digital-based tool available on the market, making it impossible for the public to ignore what is probably one of the most crucial gatherings in the last decade and that is …

The sudden rise in energy prices all over Europe has governments and citizens worrying about the upcoming winter months and possibly exploding energy bills for consumers. To temper the negative effects the European Commission presented a list of immediate countermeasures on the one side (Commission, 2021): the provision of emergency income support to consumers affected by energy poverty through vouchers or partial payment of bills – …

Turkey has become the focus of criticism for its unilateralism, mainly due to its recent actions in the Eastern Mediterranean, such as the oil exploration and search activities and the agreements reached with the GAN in Libya. The situation has generated tension and contributed to the formation of two fronts, one composed of Greece, Cyprus, Egypt and Israel, and the …