10:17 [Strategic Culture Foundation] (E)
The decision by Qatar to abandon OPEC threatens to redefine the global energy market, especially in light of Saudi Arabia’s growing difficulties and the growing influence of the Russian Federation in the OPEC+ mechanism. In a surprising statement, Qatari energy minister Saad al-Kaabi warned OPEC on Monday December 3 that his country had sent all the necessary documentation to start the country’s withdrawal from the oil organization in January 2019.
13:55 [MishTalk] (E)
Diesel is in short supply in Europe. The situation is about to worsen as the biggest French refinery is shutting down. Bloomberg reports Europe`s Diesel Woes Deepen as Strike Halts French Oil Refinery.
23:24 [Tom Luongo] (E)
While the Trump Administration still thinks it can play enough games to derail the Nordstream 2 pipeline via sanctions and threats, the impotence of its position geopolitically was on display the other day as the final pipe of the first train of the Turkstream pipeline entered the waters of the Black Sea.
0:10 [Investmentwatchblog] (E)
The situation at Canada’s Alberta Tar Sands Operations has gone from bad to worse as the super-low oil price is now costing the industry billions of dollars each month.
17:34 [Tom Luongo] (E)
Everyone should forget about fighting Nordstream 2 because Germany will need Nordstream 3.
8:48 [Zero Hedge] (E)
On Tuesday, The Wall Street Journal reported that earlier this month German Chancellor Angela Merkel offered government support to efforts to open up Germany to U.S. gas, in what the report called “a key concession to President Trump as he tries to loosen Russia’s grip on Europe’s largest energy market.”
15:07 [Oil Prices.com] (E)
Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it now appears that the two fledgling allies are also going to cooperate in the liquefied natural gas (LNG) sector.
15:06 [RT] (E)
There are some early signs that the US shale industry is starting to show its age, with depletion rates on the rise.
2:17 [The Greek Observer] (E)
Greece’s offshore blocks in Crete and west of Corfu appear to be comparable to the great oil and gas fields in Egypt though this remains to be confirmed, Environment and Energy Minister George Stathakis said in an interview on Thursday.