Energy supplies

Measures put in place to stop the spread of Covid-19 have hit oil-producing economies hard, with energy demand plummeting. To halt the downward spiral of oil prices, the U.S., Russia and Saudi Arabia formed a partnership that has held so far. Yet all three countries have different underlying priorities and ...

The coronavirus-triggered collapse of global demand for oil has produced the worst disruption in the energy industry’s history. Output reductions agreed upon by OPEC and other major actors have made little difference, as much of the world’s economic activity was frozen by governments. Prices went into freefall in March and ...

Despite much political hardship in recent decades, Iraq has managed to bring its oil production back to prewar levels. However, its aging infrastructure is in dire need of investment, which might not materialize in the current economic climate. Furthermore, the country’s economy remains dangerously dependent on oil, and could be ...

At first glance, small Kuwait is sitting pretty with one of the largest known oil deposits under its surface, enough to last more than 90 years. The colossal resource earned the emirate its staggering sovereign wealth fund. However, Kuwait’s single-commodity economy faces a longer-term existential threat as the world begins ...