The South Stream pipeline becomes a casualty of the Ukraine crisis, and its demise shows the limits of Moscow’s energy bullying.
Oil prices are at five-year lows thanks to OPEC’s hands-off attitude. But that alone probably won’t be enough to strangle the surge in U.S. oil production.
For the first time in years, an OPEC meeting matters. But the group will be hard-pressed to reach agreement on how to halt the slide in oil prices.
With dropping oil prices and extended negotiations, Iran’s hopes of using oil exports to power economic recovery look doubtful.
After months of acrimony, Baghdad and Erbil are taking steps to sort out the oil-fueled dispute that threatened to tear Iraq to pieces.