The president is clearly hoping that if he shakes hands with the crown prince and the Saudis agree to pump more oil, Americans will not be paying between $5 and $7 for a gallon of gas for very much longer. Read More Here
Global growth is expected to slump from 5.7 percent in 2021 to 2.9 percent in 2022— significantly lower than 4.1 percent that was anticipated in January. It is expected to hover around that pace over 2023-24, as the war in Ukraine disrupts activity, investment, and trade in the near term, pent-up demand fades, and fiscal […]
The most recent change on the supply side of the global oil market has involved Saudi Arabia suddenly and dramatically regaining its swing-producer role. But, in view of growing hostility toward fossil fuels, this development is unlikely to alter the market’s longer-term dynamics. Read More Here
Europe’s decision to ban most Russian oil imports is based on a simple calculation: because the EU accounts for about half of Russia’s oil exports, an embargo would roughly halve Russia’s oil-export revenues. But the reality is more complicated. Read More Here
If he follows through on his plans to visit Riyadh, Biden will be making a bad deal: exchanging near-certain reputational damage for the mere possibility of modest triumphs. It is a visit that should never have been planned. Read More Here
The severe tensions between the US and Saudi Arabia didn’t happen overnight; nor will they be somehow magically addressed by the sugar high the Donald Trump administration created by coddling MBS. Read More Here
Despite predictions of doom for the heavily sanctioned Russian economy, nearly two months into Russian President Vladimir Putin’s invasion of Ukraine, his country’s oil exports to Europe and other have actually risen, and its financial sector is so far avoiding a serious liquidity crisis. Read More Here
Far from being in an unenviable bind, New Delhi now looks well placed to leverage its position in the middle for its own benefit in the short and long term. Read More Here
Even more than the Emiratis, the Saudis hold the key to oil wells and expect big concessions from the United States before opening their taps and reversing their pro-Russia oil policy. Read More Here
While the U.S. and Europe are congratulating themselves over the speed and effectiveness of sanctions against Russia, many Indians decry their hypocrisy and unilateralism. Read More Here
looking beyond borders 