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+ 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
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
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
- “Why aren’t you at The Hague?”: Journalist dragged from US Secretary of State briefing
- Warhawk Senator Marco Rubio confirmed as Trump’s Secretary of State
- Impeached South Korean president Yoon Suk Yeol arrested over martial law decree
- Guatemalan journalist José Rubén Zamora to remain under house arrest
- Former Colombian president calls for a military invasion of Venezuela
