United States

It Takes a Village to Make a Monster

Foreign Policy | Apr 15, 2019 at 3:09 PM
  • The world loves to hate a villain, and Sudan’s recently ousted president, Omar al-Bashir, is a villain worthy of despise.
  • In a country of extraordinary ethnic, religious, cultural, and linguistic diversity, different regimes have attempted to control the country through a process of divide and conquer.
  • A coalition of African, European, and American diplomats persisted, year after year, to support the efforts of leaders in the south of Sudan to bring the NCP into a peace agreement.

United States

OPEC Has a New Best Friend: Russia

The Wall Street Journal | Apr 15, 2019 at 3:05 PM
  • Vladimir Putin has helped resolve conflicts within the oil cartel by wielding Russia’s power as a major oil producer. That has given the country considerable influence over the direction of the world’s $1.7 trillion crude-oil market, and more power in the Middle East.

Russian Federation

Russia’s oil production down 177,000 barrels daily by mid-April within OPEC+ deal framework – CDU TEK

TASS Russian News Agency | Apr 15, 2019 at 3:02 PM
  • Russia’s average oil production amounted to 1.534 mln tonnes per day as of mid-April 2019.
  • Oil production as of April 14 was 1.538 mln tonnes or 11.273 mln barrels daily when converting CDU data into barrels with the factor of 7.33.
  • The OPEC+ deal participants, including Russia, made a decision to slash oil production by 1.2 mln barrels daily from January 1, 2019 from the reference level of October 2018.

United Kingdom

Fuel-Starved Haiti In Crisis As Venezuela Deal Dies

OilPrice.com | Apr 15, 2019 at 3:00 PM
  • The poorest nation in the Western hemisphere has seen its fuel supply increasingly challenged since a program designed by Venezuela to supply fuel and gain influence in the Caribbean collapsed last year amid the raging Venezuelan crisis.
  • Haiti had received almost 70 percent of its fuel from Venezuela at the peak of the so-called Petrocaribe program, under which Venezuela offered very attractive financing to Caribbean nations to buy its refined oil products.
  • Novum had been supplying fuels to Haiti via the Bureau of Monetization of Programs and Development Aid (BMPAD) for more than four years.

United Kingdom

Hungary’s MOL purchases recycler Aurora Group

S&P Global Platts | Apr 15, 2019 at 2:53 PM
  • Hungarian oil and gas company MOL has agreed a deal to buy Aurora Group, a German company that recycles plastics including polypropylene, polycarbonates, polyamides and polyoxymethylene, the company announced Monday.
  • Aurora Group, which has a 15,000 mt/year production capacity, specializes in recycling post-industrial waste based on a closed-loop concept of collection, regrinding and compounding material which is then sold to the automotive industry, as well as for electrical, construction, furniture and machinery sectors.
  • The purchase forms part of MOL’s 2030 strategy to invest $4.5 billion in chemical and petrochemical projects.

Canada

Canadian business sentiment drops from high levels: central bank survey

Financial Post | Apr 15, 2019 at 2:40 PM
  • Canadian business sentiment has fallen from elevated levels as companies point to uncertainty around global trade, the housing sector and the energy industry.
  • The latest survey, based on interviews conducted between late February and early March, comes after Canadian economic growth saw an abrupt deceleration in the final three months of 2018 as oil prices tumbled.

Ukraine

EU to help integrate Ukraine in the bloc’s gas market: official

UNIAN Information Agency | Apr 15, 2019 at 2:40 PM
  • The European Commission will work to ensure the integration of Ukraine in EU markets and support competition in eastern European countries as a means to minimize the impact of the NordStream 2 and TurkStream projects, an EU official told ICIS.
  • Currently 77% of the capacity of these four pipelines is booked by Gazprom.
  • Borchardt was sceptical that the rerouting of Russian transit via NordStream 2 would happen from next year, pointing out the pipeline required a ramp-up period.