Recent Posts

How OPEC Shook Off a Historic Crash to Successfully Stabilize Oil Markets

The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as …

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Russian troops invaded Ukraine. Sanctions are in place. What happens next?

It’s official from the White House: Russia has invaded Ukraine. Russia deployed troops to two regions in Eastern Ukraine, calling it a “peacekeeping force” after declaring their independence. Meanwhile, U.S. deputy national security adviser Jon Finer said, “I am calling it an invasion.” President Biden has just announced severe sanctions …

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