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March 9, 2022

Oil and Petroleum Products
OPEC in a Changing World

Western leaders have long criticized OPEC’s power to raise oil prices, and the bloc continues to influence the global market even as U.S. oil production has soared and alternative energies have come …

OPEC

April 20, 2020

Financial Markets
OPEC Plus’ Zero-Sum Oil Game

Prior to the U.S. invasion of Iraq in 2003, international sanctions had severely curtailed Iraq’s oil industry. Oil production sat at 1.4 million barrels a day (b/d). Iraq’s beleaguered refining indu…

The Suezmax sized oil tanker Karvounis lies at anchor south of Port Fourchon, Louisiana, U.S.

April 6, 2020

Oil and Petroleum Products
Oil Ground Zero: Running Out of Storage

In recent days, the Donald J. Trump administration appears to have been sending mixed messages about oil. Typically, low oil prices can be a stimulus to the U.S. economy, but that is in situations wh…

 A local mural takes on new meaning while a United Parcel Service (UPS) delivery truck pauses at a traffic light, as the spread of coronavirus disease (COVID-19) continues in Washington, U.S., March 27, 2020.

September 16, 2019

Saudi Arabia
Scale and Nature of Attacks on Saudi Oil Makes This One Different

In the swirl of conflicting reports about who might be responsible for the latest attack against Saudi Arabian oil installations, it is important not to miss what makes this latest attack categorical…

Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019.

June 4, 2021

South Africa
South Africa: Cyril Ramaphosa, Jacob Zuma, and Ace Magashule From 30,000 Feet

The African National Congress (ANC), the party which has dominated government since the end of apartheid in 1994, is a mélange of democratic and "liberation" assumptions and procedures. Once multiracial, the ANC is now largely a Black political party. During the 2009–2018 presidency of Jacob Zuma, it became deeply ensnarled in corruption and steadily lost the support of the electorate. Zuma is widely regarded as personally corrupt. Cyril Ramaphosa, a close associate of Nelson Mandela, campaigned within the party to unseat Zuma and clean up the corruption, not least to stimulate foreign and domestic investment in the economy.

South African President Cyril Ramaphosa and former President Jacob Zuma, both wearing yellow shirts with black and green stripes, cut a cake together. Several others stand around them wearing shirts of the same coloring.