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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Gold mining site blast reportedly kills 59 in Burkina Faso

A strong explosion near a gold mining site in southwestern Burkina Faso killed 59 people and injured more than 100 others Monday, the national broadcaster and witnesses reported. The provisional toll was provided by regional authorities following the blast in the village of Gbomblora, RTB reported. The explosion was believed …

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