Iraq remains utterly dependent on oil exports, despite suffering the consequences of climate change. Bold political action is required to secure Iraq’s future. At a climate conference in March, Iraqi Prime Minister Mohammed Shia al-Sudani pledged to tackle the deepening...
A recent report in Wall Street Journal notes that Venezuela is entering a post-oil era, and now produces only 10% of what it did two decades ago. From one of the original co-founders of OPEC to a sanctions-ravaged nation that’s...
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...
Saudi Arabia has introduced a stimulus plan to counter worsening economic conditions. On Friday, it announced a $32 billion two-part emergency plan necessitated by low oil prices and the Covid-19 coronavirus global health crisis. Details of the Saudi Stimulus Package...
The coronavirus (Covid-19) outbreak, which supposedly started in a wet market in Wuhan, China, has not only caused global panic and claimed thousands of lives, it has also hurt numerous business sectors. This includes the fossil fuel energy sector, which...
Petrostates — governments that largely depend on oil revenues to sustain themselves — could be in their twilight, Chris Miller wrote recently for Foreign Policy. The Covid-19 coronavirus global epidemic has seen oildemand tailspin. Russia’s rejection of OPEC+ demands to...
Russia broke from OPEC on Friday, refusing calls to decrease oil production. President Vladimir Putin ordered his energy minister, Alexander Novak, to inform Saudi Prince Abdulaziz bin Salman of the decision, a message delivered early Friday morning at OPEC headquarters...
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