A UN-brokered deal to remove some 1m barrels of crude from the FSO Safer should avert an environmental disaster at the dangerously unstable wreck near Yemen's Hodeidah port and also points to increasing scope for deals between the Houthis and other authorities.
Issue 1166 - 23 March 2023
Tempers are fraying over the early-October decision by members of the Organisation of the Petroleum Exporting Countries and their allies in the Opec+ group to cut oil production. The most prominent members, Russia and Saudi Arabia, remain in a cosy alliance and western efforts to drive a wedge between Moscow and the Gulf countries have yet to show any returns. Riyadh and Abu Dhabi seem unfazed by any possible reputational risks, while they continue to sweat the global economy for revenues.
Issue 1156 - 09 October 2022
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