Seven Questions About Climate Change

Seven Questions About Climate Change

Climate change is at the top of the agenda of policymakers as they gather in Paris for the United Nations Climate Change Conference, COP21. Climate change is a threat to the very survival of humanity. Notwithstanding the severity of the threat, actions to halt climate change have been scant and uneven across countries. This Q&A […]

Oil Price Meltdown Heralds New Wave of Destabilization

Oil Price Meltdown Heralds New Wave of Destabilization

As the recent summit of the Organization of the Petroleum Exporting Countries (OPEC) suggests, the ceiling of oil production will not be lowered, despite great overcapacity. What we are witnessing is not just a cyclical shift, but a new secular tend that heralds the demise of the petrodollar era in the Middle East. Meltdown of […]

Future Of Iraq’s Oil Industry Under Threat

By Nick Cunningham of Oilprice.com Iraq is one of the major reasons why OPEC has been able to increase oil production over the past year, even as oil prices have dropped to six-year lows. The war-torn country averaged 3.2 million barrels per day (mb/d) of production in 2014. But despite the onslaught from ISIS and the […]

Qatar in the Global Context – Past and Future Trends

Qatar in the Global Context – Past and Future Trends

photo by: Francisco Anzola Key takeaway – In a challenging global and regional context, Qatar is rising to prominence. The global economy is characterized by weak fundamentals, below-potential growth and low inflation. The regional outlook is hampered by political instability and declining oil prices. By leveraging its resources and location, Qatar is trying to make the […]

The Impact of ‘Currency Wars’ in Oil-Exporting Africa

The Impact of ‘Currency Wars’ in Oil-Exporting Africa

Since lower oil prices typically result in depreciation of the oil exporters’ currencies, the dramatic plunge of oil prices has severe implications for sub-Saharan Africa. After the global financial crisis, many emerging economies have coped with diminished global growth prospects by deploying direct government intervention and capital controls for competitive devaluation. In turn, advanced economies […]

Oil Prices and the Future of Petrocaribe

Oil Prices and the Future of Petrocaribe

On June 2005, upon the initiative of late Venezuelan President Hugo Chavez, the governments of Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Venezuela, agreed on the creation of Petrocaribe, a Cooperation Agreement to strengthen energy security in […]