At the end of the day, no swing producer controls the fate of today’s oil prices. A sustained price recovery requires a healthier global economy that combines faster inclusive growth and greater financial stability. And this will not occur quickly, especially given the policy shortcomings in both advanced and emerging countries. Read Here – Project […]
The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken, Ruchir Sharma argues Read Here – Bloomberg
Imagine a future meeting of the Organization of Petroleum Exporting Countries, where the agenda is set not by Iran or Saudi Arabia, but by the United States. Oh, and the meeting takes place in Tel Aviv — because the other big power in OPEC is Israel. That’s where the world is headed, thanks to the […]
Saudi Arabia is the world’s last absolute monarchy. Like Louis XIV, King Abdullah has complete authority to do as he likes. But while a revolution in Saudi Arabia is still not likely, the Arab Awakening has made one possible for the first time, and it could come in President Obama’s second term. Read Here – The Daily […]
For the last 60 years or so, the relationship between the US and the Gulf states can be likened to a Catholic marriage. Both were in need of each other and kept supporting each other in times of difficulty. During the oil crisis, the Gulf states came to the help of the world economy by […]
looking beyond borders 