A crisis erupted on the Black Sea on Friday when a Turkish-flagged fishing boat entered the waters of the Romanian economic zone and allegedly failed to heed calls to stop. READ MORE

Kazakhstan is prepared to host an international nuclear fuel bank under the auspices of the International Atomic Energy Agency (IAEA) once such a facility is set up, the country's Secretary of State Kanat Saudabayev said at an international conference in London last Saturday. READ MORE

The policy pursued by Turkey's ruling party has not justified the hopes of the people on either external or internal aspects, so the victory of the party in the elections is definitely impossible, said Turkish MP from the opposition Nationalist Movement Party Senol Bal. READ MORE

President Obama and Russian President Dmitri Medvedev have a friendship reputed to be so warm that they can go out for hamburgers together, and joke about mutual acquaintances (even if they refuse to say who they are). READ MORE

The eminent cognitive psychologist Gerd Gigerenzer wrote a classic article back in 2004 for the journal Psychological Science which, I believe, explains a bizarre fact about America energy policy. READ MORE

The Caspian nations have reiterated pledges to solve their differences later this year ahead of the Caspian summit in Moscow, but they apparently continued to disagree on a number of key issues. During a meeting in Baku on April 26 – 27, representatives of the five countries that border the Caspian Sea (Azerbaijan, Kazakhstan, Iran, Russia and Turkmenistan) made yet another attempt to reach an agreement on the Caspian’s division. READ MORE

Every time the International Monetary Fund awaits a new managing director, critics complain that it is past time for the appointee to come from an emerging-market country. But whining won’t change the unjust 60-year-old tradition by which a European heads the IMF and an American leads the World Bank. Only if emerging-market countries unite behind a single candidate will they have a shot at securing the post. READ MORE

China has taken another step to loosen Russia’s stranglehold on central Asian gas supplies after winning an offer from Uzbekistan to double the amount of gas it has promised to supply. READ MORE

Britain is so desperate for America's approval that it doesn't realize the "special relationship" was never really in its interest. READ MORE

Meeting of Economy and Energy Ministers of the countries participating in AGRI project - Azerbaijan, Romania, Hungary and the next meeting of the Managing Board of AGRI LNG Co., a company set up for the project implementation, will be held May 26-27 in Bucharest, SOCAR (State Oil Company of Azerbaijan) said in a statement. READ MORE