Tag: oil
How Oil Trading Could Make You Rich
Many people have made a fortune from oil trading, and there’s no reason why you couldn’t be one of them….
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Keir Starmer calls for extra tax on oil and gas producers
Commodities & Geopolitics: Four Areas To Watch in Oil, Gas & Metals
This is an update on what is happening more broadly around the world as commodities become more crucial to geopolitics. The areas to watch in oil & gas are in the European Union (EU)/Mediterranean region and Central Asia/Caspian Sea region. Click on the links below for the most updated reading and other related stories with more details.
As a result of the effects from the Russia-Ukraine war, the Caspian Pipeline Consortium (CPC) has been caught in the geopolitical crosshairs of Russia’s political agenda and the United States/EU sanctions on a broad base of Russian industries. Due to the issues of CPC (read the link in the paragraph), Kazakhstan has really had no choice but to look for other options, as the price of oil surged and they lost out on some high chances for profits from oil and gas revenues.
That’s where Azerbaijan comes in to play. The state-owned enterprise known as SOCAR is reportedly in talks with Kazakhstan’s Kazmunaigaz (KMG), a state-owned oil company, to allow crude oil from Kazakhstan to be sold through the Azeri pipeline. This would allow Kazakhstan an alternative export route in lieu of the CPC.
2. France and Spain seek to build a gas pipeline from Portugal
According to Spanish Energy Minister Teresa Ribera a gas pipeline from Portugal, through Spain, could be built in less than one year for the benefit of France, Spain and other European energy consumers. Calling it a “new interconnection” German Chancellor Olaf Scholz agreed that the pipeline would be beneficial to Europe’s energy supply dilemmas.
This is essentially an issue of increasing liquified natural gas (LNG) imports to Europe. With the capacity of Portugal to receive LNG at its terminals on the coastline, it is a perfect way for France to receive more imports of LNG. However, this plan has been in the works since 2019 as the Spanish grid operator Enagas called for the pipeline to be abandoned.
The Secret Oil Companies Don’t Want You To Know
The areas to watch in metals are in Chile and Indonesia. Anyone following metals mining and political transitions would know that metals such as copper and nickel are correlated with Chile’s and Indonesia’s politics. Click on the links below for the most updated reading and other related stories with more details.
3. The new administation in Chile is getting tougher on copper mines
It was reported that a huge sinkhole appeared in a field around a Canadian company Lundin Mining’s operation in Indonesia. For this reason the Chilean mining regulators forced the company to halt all mining activities in the area. An investigation is still being carried out as to what happened but it is being speculated that it is possible the area was over exploited by copper mining.
This is a classic story to reveal how governments and companies are coming under more pressure as a result of Environment, Social, Governance (ESG) frameworks and the impacts on local communities from mining operations. Chile’s new administration under President Gariel Boric already finalized a new constitution after calls from the public to address social inequality.
Going Green is Driving a World Copper Shortage
4. Indonesia President Joko Widodo revokes mining licenses
It was announced by Indonesia’s investment minister that more than 2,000 mining permits were revoked due to the government’s land redistribution plan. Citing non-compliance from coal mining companies such as PT Bayan Resources, the government claims that the land redistributon plan will help level the playing field for newer enterprises in the mining sector.
Indonesian politics and economy are synonomous with mining operations, foreign investment, and a wide range of ethnic disputes over territories with natural resources. Battery metals have become quite an important part of Indonesia’s future economic development. It is also making them more vulnerable to sanctions on China and Russia.
The Widodo government is under pressure both domestically and internationally for how it is handling political opposition. It is being debated on whether Widodo would be willing to step down per the results of an upcoming democratic election in Indonesia. How and if there is a political transition in Indonesia would be a major sign for how some of the world’s most critical metals are supplied in the near-future.
Read More About Commodities and Geopolitics:
- Metals 2.0: The Game-Changers in Geopolitics
- Legal Analysis: Swiss Mining and Commodities Trader Glencore’s Fuel Oil Market Manipulation and…
- Future Facing Commodities: Copper, Nickel & Potash
- G7 & Russia: Global LNG Supplies And Oil Prices Are On The Brink
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Commodities & Geopolitics: Four Areas To Watch in Oil, Gas & Metals was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.