Economy
Which Resource Will Replace Oil
The recent oil price crisis has accelerated — but not created from scratch — the debate on the future of oil and the global energy market. The oil era will not end overnight. Just as every era came to a...
Economy — Pagina 12
Economy
From OPEC to the Emerging Powers: the History of the Oil Markets
Oil is the most important source of energy, the market capable of determining the economic and political structures of entire macro-areas. The race for black gold began as early as the end of the 19th century in the aftermath of...
Economy
Oil Revolution
With crude oil recently falling below zero per barrel thanks to a price war and the sudden pandemic, the future of oil is deeply uncertain. COVID-19 has brought global passenger transportation and trans-national trade to a near stand-still and oil...
Economy
Trump Administration Hits Huawei Again as Beijing Threatens Retaliation
The Trump administration continuing its fight against China-based tech giant Huawei after taking a break during the coronavirus pandemic. Previously, Washington banned the company from deploying its 5G infrastructure in the US, using an executive order to label it a...
Economy
The American Oil Empire
Gaining control of global oil production is often treated as a catch-all explanation for America’s wars. It was used in the case of Iraq, though the reason that then prompted Washington to overthrow Saddam Hussein in 2003 is more accurately...
Economy
Why Oil Prices Plummeted and What It Means
By early March, people around the world had already started comprehending that COVID-19 was something much more complicated and dangerous than “just a Chinese problem.” The exponential spread of the virus across Italy, followed by other European major countries and...
Economy
WTO Director-General Resigns Early, Leaving Organisation Adrift During Global Pandemic
While economies around the world continue to suffer from the coronavirus pandemic, the World Trade Organization faces the added difficult of replacing its director-general Roberto Azevêdo. He resigned on Thursday in a shock move. Azevêdo’s resignation will be effective Aug....
Economy
The Significance Behind Merkel’s Support for EU Economic Recovery
As EU leaders struggle to agree upon a recovery package designed to alleviate the economic effects of Covid-19, Germany has thrown its weight behind funding the bloc’s measures, whatever they may be. German Chancellor Angela Merkel told a meeting of...
Economy
Saudi Arabia Announces Cutbacks, Jeopardizing MBS’ Regional Sunni Supremacy
Saudi Arabia – the world’s largest oil exporter – is another country that is currently succumbing to the economic downturn caused by COVID-19. The kingdom, in which money seemingly has been almost no object for decades, needs to implement cutbacks...
Economy
The US and UK Are Launching Post-Brexit Trade Negotiations
In the post-Brexit world, a US-UK bilateral free trade agreement has become inevitable. Now, with COVID-19 hitting both economies more than ever, both sides intend to strengthen their respective economies. However, a trade deal might also be a matter of...