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The Democratic and Republican candidates for the presidency of the United States have faced off in their first moderated debate.
The series of three one-on-one events will deal with everything from domestic policy to the role of the United States in the wider world touching on the cornerstone and wedge issues that divide the nation’s 226 million eligible voters.
One of the crux areas for both candidates will be their position on the future for energy across the 50 states of the union. We’ve grouped together what Hillary Clinton and Donald Trump have said in their own words.
As the Organisation of Petroleum Exporting Countries (OPEC) prepares to meet next week alongside the International Energy Forum in Algeria, the rumour mill is running at full tilt.
Oil climbed on the global markets as Venezuelan President, Nicolás Maduro, told tale of “positive discussions” with regards to an oil price freeze as September comes to a close. Venezuela has suffered more than most countries in the wake of the oil price rout, with the world’s highest rate of inflation and everything from rolling blackouts to erupting food threatening to disintegrate any façade of socioeconomic and political order.
A Grade-A grey day in this North Sea port city. A man half way through his 50th year wheezes a last breath into the stuffy air of a high-ceilinged bedroom.
The oldest of five children, born into the house of a wealthy merchant from the Hansa city of Gdánsk, he would be orphaned at the age of 15 when both of his parents died on the same August afternoon after eating poisoned mushrooms.
Momentum is building for a referendum on the independence of Iraqi Kurdistan, an autonomous region occupying an area of 79,000 squared kilometres of embattled northern Iraq. Since 2010, the fractious Iraqi central government in Baghdad and the Kurdish Regional Government (KRG) based out of Erbil have been at loggerheads over the proceeds of oil revenues.
In February 2016, Masoud Barzani, President of Iraqi Kurdistan and scion of the Barzani clan, upped the stakes by mooting an independence referendum whilst disarray in Baghdad was at its highpoint. At the end of August 2016, Iraq's Prime Minster, Haider Al-Abadi, affirmed that Kurdish self-determination was an "undisputed right” and moves for a plebiscite would not be opposed by his government. The momentous vote may take place before the US election in November. In 2005, an informal referendum tacked onto regional Iraqi elections saw 98.8 per cent of the electorate opted for an independent Kurdistan.
As the G20 Summit came to a close in the eastern Chinese megacity of Hangzhou, agreements brokered on the undercard of the main event may prove to be more significant.
In a powwow arranged as an adjunct to the global congress, Russian President, Vladimir Putin, and Deputy Crown Prince of Saudi Arabia, Mohammad bin Salman Al-Saud, signed an energy accord that could limit the two nations’ oil output in the future. The announcement of this bilateral oil deal saw the price of a barrel of Brent crude soar by almost five per cent within a matter of hours, as traders leapt on any glimmer of hope in a depressed market.
Statistics coming out of the annual Government Expenditure and Revenue Scotland (GERS) report have made for the starkest reading yet for the UK’s oil and gas industry.
In the past 12 months, revenues from the oil and gas industry have dropped from £1.8 billion ($2.4 billion) to a paltry £60 million ($78 million). In comparison to the £9.6 billion ($12.6 billion) recouped in 2011, that represents a 99.4 per cent decrease in returns in the last five years.
The city that had the highest economic growth in the UK from 2006 to 2011 and more billionaires per capita than London, now has double the amount of emergency food banks it did a year ago. Oil sector job losses are set to hit 120,000 by the end of 2016, leaving more than a quarter of the pre-price slump workforce unemployed.
Hopes of an uptick in the oil price took a knock this week as political skies brightened in two major hydrocarbons producing nations.
In battle-weary Iraq, oil exports are set to increase by five per cent in the coming days, after an agreement between the Northern Oil Company (NOC) and the Kurdistan Regional Government (KRG) was reached.
Since 2010, regular disputes over oil revenues and the ravages of warfare have meant a staccato supply from the autonomous region, which would have the 10th largest oil reserves in the world if it were an independent nation. Shipments from three oil fields in Kirkuk - Baba Gorgor, Jambour and Khabbaz – will resume and add 150,000 barrels to the country’s current oil output.
The complexities of pipeline politics have bubbled to the surface once again, this time breaking water in the Baltic Sea.
Nord Stream-2, the Russian Federation’s initiative to circumnavigate war-torn Ukraine as the main transit route for Siberian gas to reach the European markets, has been dealt a blow in the Polish courts.
UOKiK, Poland’s Office of Competition and Consumer Protection, has blocked the establishment of a joint venture between the partners involved in the construction of the 1,200 kilometre gas artery, citing that it would constitute a monopoly in the face of local competition.
Since the first days of the oil price nosedive that began in 2014, the “Oil Capital of Europe” has suffered an incomparable decline. Before the price crash, the UK oil industry is estimated to have supported more than 450,000 jobs across the oil and gas supply chain. By the end of 2016, that figure is forecast to dip to less than 330,000, the majority of the losses in Aberdeen.