Page 1 - FSUOGM Week 31 2022
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Issue 1188 05•August•2022 Week 31
OPEC+'s tiny increase
US President Joe Biden failed to get anything more than a very small increase in
oil production from OPEC+ following talks with Saudi Arabia.
Caspian clashes
Military clashes have once again broken out between Azerbaijan and Armenia,
undermining the EU's plan for more Azeri gas.
Showdown on Sakhalin
Russia is increasing the stakes in a standoff with foreign investors at the two
major oil and gas projects in the Far East.
Lukoil seeks bond buyback
Russia's Lukoil is seeking to buy back $6.3bn in Eurobonds to avoid a
possible default because of difficulties created by sanctions.
