Statoil CEO Helge Lund discusses global oil and gas trends as well as his company’s response to recent geopolitical issues in this interview produced by Platts and hosted by Bill Loveless.
Further reading: Saudi Arabia Willing To Supply More Oil In Case Of Shortage
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European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy.
Israel and Iran appeared to be honoring a ceasefire agreement unexpectedly announced by US President Donald Trump overnight, after the American leader reacted angrily to early breaches of the deal by both sides.
U.S. strikes on several Iranian nuclear sites represent a meaningful escalation of the Middle East conflict that could lead Tehran to disrupt vital exports of oil and gas from the region, sparking a surge in energy prices. But history tells us that any disruption would likely be short-lived.
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