Big Oil in Retreat


by Michael Klare The plunge of global oil prices began in June 2014, when benchmark Brent crude was selling at $114 per barrel. It hit bottom at $46 this January, a near-collapse widely viewed as a major but temporary calamity for the… Continue Reading  

It’s Egypt That Needs Higher Oil Prices


by Thomas W. Lippman The country that could ultimately suffer the most damage from a sustained depression in the world price of oil could be one that is not a major producer: Egypt. Unable to sustain itself, Egypt is being… Continue Reading  

Explainer: The Oil Price Plunge


by Sara Vakhshouri In the past several days—despite the conflicts affecting Iraq, Syria, Iran and Russia—oil prices have been on a downward trend, hitting their lowest number in the past four years. As of October 2014, oil prices are more… Continue Reading  

Russia, China Finally Sign $400 Billion Energy Deal: Why Now?


by Sara Vakhshouri After almost a decade of negotiations, Moscow reached a 400 billion dollar energy deal with Beijing yesterday, allowing the Russian state-controlled Gazprom to export gas to China for 30 years. The key agreement guarantees long-term market access… Continue Reading