March 15, 2023
•News
In his latest essay in Foreign Policy, Jason Bordoff, Founding Director of Columbia University SIPA’s Center on Global Energy Policy, provides reflections from his visit to Vienna for last week’s OPEC/non-OPEC meeting about the importance of the group’s agreement and what it tells us about the role of oil producers, particularly Saudi Arabia and Russia, in managing oil markets despite the shale revolution. “The decision last week to provide oil price relief, reflecting newfound oil policy partnership between Saudi Arabia and Russia, marks a potential turning point in the global oil order and a reminder that despite the shale boom or a possible energy transition, oil geopolitics is alive and well,” Bordoff concludes.
This report examines the prospects of supplying gas from the Eastern Mediterranean to Europe from a technical, geopolitical, and economic perspective.
Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.
It has been over two months since the European Union (EU) ban on Russian crude oil entered into force, triggering friction in oil markets and petroleum supply chains.