Oil prices
OPEC + OPEC: Saudis aren’t afraid of US anymore

The surprise OPEC+ reduction consolidates the Saudi-Russian energy alliance, by aligning their production levels and placing them on equal footing. It is a slap in the face for the US

The global faultlines of 2022

NewsClick’s Prabir Purkayastha discusses the major hotspots of 2022, including the Ukraine war and US-China tensions, and their implications for the coming year

OPEC+ oil markets OPEC+ agrees on oil output cut

The message is loud and clear: Saudi Arabia and Russia, who form the axis of the OPEC+, are closely coordinating on shaping the world oil market even as they could be competing for market share

Biden’s visit signals nothing has changed on Saudi Arabia

Except for a brief bout of harsh criticism of Saudi Arabia during his campaign, Joe Biden has stayed the course when it comes to assistance to Saudi Arabia though it has been justified as being for ‘defensive’ purposes

Mapping Faultlines: As war drags on, countries look to protect their interests

In this episode of Mapping Faultlines, NewsClick’s Prabir Purkayastha talks about the latest on the global economic front as the Russia-Ukraine war continues

Workers returning from crisis-hit Gulf economies need state support back home

The Gulf countries are already forcing a large number of migrant workers to go back to their home countries

The absurdity of hiking oil prices amid lockdown and pandemic

Taxing oil is the worst among all tax options when income sources have dried up. It will have the most deleterious effect on the level of output and employment

Oil industry faces existential crisis

Newsclick’s Prabir Purkayastha analyses the state of the global oil market, the geo-strategic implications and the future of oil consumption keeping in mind the nature of the pandemic

oil prices crash COVID US crude oil prices go down in negative for the first time in history

The fall in the futures market shows that the production cut by OPEC+ members may not be enough to address the drastic drop in demand due to the ongoing COVID-19 pandemic

OPEC+ production cut The OPEC+ deal on oil production: what are the implications?

Total global production of oil may go down by 15% with promises from some non-OPEC countries as well. However, this may not be sufficient to stop the fall in international oil prices

Corona shock to the world oil order

The post second World War US hegemony was based on oil prices being pegged to the dollar. Will the hegemony of the dollar survive the corona oil shock?

Migrant workers in Gulf region face heightened risk amid COVID-19 outbreak

Millions of expatriate workers in the Gulf Cooperation Council countries face a grim future as the number of COVID-19 cases increases and their jobs are under threat due to the economic downturn