President Trump has suggested America still has “a lot of power over the situation” and could yet find a middle ground. The U.S. leader will need all his famed dealmaking ability and more though to pull off what could be a deal of the century with Saudi Arabia, to keep U.S. energy independence and the […]
The failure of the Organization of Petroleum Exporting Countries to reach any meaningful agreement at their meeting in Vienna on Friday confirmed that the historic storm besetting the oil market has markedly reduced this once-powerful group’s effectiveness and influence. Read Here – Bloomberg
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 […]
Governments typically make big bets either when they are overly confident or increasingly worried. Saudi Arabia’s oil strategy doesn’t reflect confidence. With the frail health of King Abdullah, possible succession rivalries, domestic pressures for change, conflict in neighboring Yemen, and the many challenges posed by ISIS, Riyadh may be in for more than it bargained for. Read Here – Foreign Affairs
looking beyond borders 