The OPEC cartel and its Russia-led allies have decided to cut oil production, starting January. The deal, which will see oil production cut by 1.2
Author: Dr Puneet Parikh
An Oxymoron: Saudi Arabia and its Austerity Plan
Saudi Arabia has come to the realization that oil is no longer a reliable source of revenue to develop its economy. As a result, the
The Story of ISIS Oil: A Way to the Marketplace
It is a widely acknowledged fact that oil trade is the main source of revenue for the Islamic State, also known as ISIS. In fact,
Why Cheap Commodities Jeopardize Democracy and Stability
The current period of falling commodity prices have had far-reaching repercussions on resource-rich developing markets. Since mid-2014, when the price of oil stood approximately at
Breaking the Spell of Africa’s “Resource Curse”
Prosperity in Africa has traditionally been very tightly connected to the price of commodities. As such, the resource-rich continent, a home to a third of
Petrobras-Gate: A Scandal Bound to Change Resources-Rich Brazil Forever
Petrobras, a semi-public and quasi-state oil company, has proven to be a disaster for Brazil. Thanks to the major corruption scandal, which has left millions
Geopolitics and the (In)Security of EU’s Phosphate Imports
Natural gas is by far not the only area in which the European Union is significantly dependent on the outside world. When it comes to
A $100–Billion Plan to ‘Fix’ Algeria’s Moribund Resources Sector
Algeria’s state-owned firm, Sonatrach, has announced a plan to invest about 100 billion USD into the country’s energy sector between 2014 and 2018 with the
EU’s Policy of Reducing Russian Energy Dependence: Still in the Brainstorming Phase
Over the last few weeks, we have witnessed several major steps that Russia had taken in order to fortify its revenues from selling its natural
Tackling Global Challenges in the Mining Industry
Last month’s mining tragedy in western Turkey that killed more than 280 people pointed out the corrupted mining safety not only in Turkey but throughout