Ukraine’s colourful politics drew the attention of the European media again this week. But the farcical failure of special forces to detain Mikheil Saakashvili — former president of Georgia, turned governor of Odessa, turned Ukraine oppositionist — in the centre of Kiev on 4 December was just a sideshow.
“One man’s loss is another man’s gain,” states the aphorism.
Saudi Arabian King Salman bin Abdel-Aziz’s decree to allow women to hold driving licences from June 2018 has come as something of a surprise. No leaks, trial balloons or statements were issued to signal that the decision was imminent.
But the text of the king’s decree also shows that he believes change must be controlled, and must be initiated from the top, rather than coming from the bottom upwards.
This is a story about how LNG producers went through the five stages of grief, before accepting the market will be oversupplied and adjusting their trading strategies accordingly.
The five stages of grief are: denial, anger, bargaining, depression and acceptance.
The market looks to the Opec monthly report for guidance. Over the years since it started at a few faxed pages, rather thin on content, that turned up when it turned up, it has acquired some gravitas, a counterpoint to the IEA report.