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April 25, 2024

Singapore
Singapore’s New Prime Minister Lawrence Wong Faces Challenges From Day One

After two decades in office, Singaporean Prime Minister Lee Hsien Loong will pass the baton to the ruling party’s chosen successor, who faces a complex geopolitical environment and growing challenges…

Singapore's deputy prime minister stands at a silver podium wearing a black suit and maroon tie.

March 19, 2020

Oil and Petroleum Products
The Oil Price Shock: Who’s Most Vulnerable in the Coronavirus Slump?

A long dip in oil prices could put several oil-producing countries under great strain, but some are better positioned than others to weather the downturn from the coronavirus.

March 6, 2020

Sub-Saharan Africa
Africa Confronts Falling Oil Prices Amid Coronavirus

The new coronavirus has led to a slowdown in economic activity in China and East Asia more broadly. The global price of oil has now fallen to $53 a barrel. This is beginning to affect the oil-exporting countries of Africa. According to Africa Confidential, three-quarters of Nigeria’s and Angola’s oil production ear-marked for export in April is unsold. Similar deficits are reported from Chad, Republic of Congo, and Gabon.

A man arranges Agip drums at an oil station and depot in Nigeria's capital Abuja, on June 19, 2009.

December 6, 2012

United States
Gasoline Prices

With the Middle East unrest ongoing and the global economy recovering, gasoline prices are rising considerably. But policies to ease U.S. consumer impact take time and policymakers are divided over t…

March 10, 2020

Saudi Arabia
Why Current Saudi-Russia Oil Price War Is Not Déjà Vu

It’s happened several times before: geopolitical tensions between Saudi Arabia and Russia have led to a dramatic drop in oil prices in years past. But the breakdown in Saudi-Russian cooperation in oi…

A gas station worker wearing a protective face mask sits next to a petrol station, after Saudi Arabia imposed a temporary lockdown on the province of Qatif following the spread of coronavirus, in Qatif, Saudi Arabia March 9, 2020. REUTERS/Stringer