The enforcement of the price ceiling for Russian oil transported by sea enacted on December 5 is not a surprise, as this measure was being discussed by the Unites States and its key partners as early as September 2022. It is, nevertheless, important proof of the Western coalition’s undiminished resolve in undercutting Russia’s ability to… Read more »
Since wars in oil-producing countries may affect the price of, and access to, oil, the so-called conspiracy theorists may be correct that the presence of oil may be a weighty factor in favour of intervention.
East Africa has become the latest hotspot for oil-and-gas discoveries, but the reserves are located in countries characterized by weak state institutions and social unrest. A number of African countries – several of them with significant Norwegian assistance – are on the threshold of becoming major producers of oil and gas. Does this mean that… Read more »