Tag "Oil"
Falling oil prices hamstring Iran’s economy
The recent drop in oil prices has hurt an already struggling Iranian economy as international sanctions continue to cripple the country’s economic growth. Relief from these restrictive measures could revitalize the economy.
Petrobras scandal threatens to derail pre-salts deposit development
Petrobras looked like a model for transparency in the energy sector and, with a recent discovery of large offshore deposits, was poised to make Brazil a regional energy superpower. However, a corruption scandal
Shale oil boom uncertain in wake of falling oil prices
No state in the US has benefitted more from the shale oil boom than North Dakota. Just as quickly as the transformation came, it could disappear with low oil prices.
Top 5 political risks in 2015
From Russian recession and falling oil prices to emerging market reform and divided responses to Islamic State, five areas will define political risk in 2015. One year ago today, the
Piracy in West Africa targets the region’s oil industry
Mostly conducted by Nigerian pirates in the Gulf of Guinea, piracy in West Africa has been on the rise for the last years and has proven to be much more sophisticated
OPEC ‘no-cut’ decision adds to Middle East divide
OPEC’s recent decision to not to cut oil production and instead maintain low prices is having a ripple effect across the Middle East. While countries with rich oil reserves are
Will low oil prices affect the US Fed’s decisions?
Falling oil prices are the newest wrench in the Fed’s decision making, but the effect might seem counter-intuitive. Since the Fed’s last meeting in October, oil prices have fallen 25%. With
Latin America’s oil winners and losers
The recent fall in international oil prices will provide oil-importing countries in Latin America with an economic bonus, while oil exporters will suffer, both economically and politically. The chances of
GRI Weekly Risk Outlook
Putin visits India to reach out on energy, defense. Crude oil reaches new lows as economies thrive on cheap energy. US likely to avoid a repeat of 2013 shutdown. Eurozone ministers
Rocky ride for Russia’s economy set to continue
Western sanctions and falling oil prices have cost Russia over $160 billion and have been “catastrophic” for the Russian economy. Despite this, the Russian leadership is unlikely to alter its provocative
