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The last hurrah? Guyana rides the oil wave
Amid a global downturn in 2020, Guyana boasted record economic growth of over 43 percent, as it became the world’s newest oil exporter. The exploration of recent discoveries will unlock more oil riches yet for the small South American nation. However, it remains to be seen whether Guyana can escape the resource curse that has plagued other developing countries or how much the climate agenda could dent its economic prospects.
Opinion: Could Murban crude become a new oil benchmark?
The trade launch of the United Arab Emirates’ flagship oil, Murban, marks yet another step toward privatization and competitiveness for the Emirati energy sector. With production volumes far surpassing those of other crude oils in the region, Murban could become a new benchmark in the Middle East and possibly beyond.
U.S. energy policy: Clinging to old tracks
The Biden administration’s early days in office prompted many to say that the American oil and gas industry was condemned. However, Washington has yet to make a move that would seriously threaten producers.
Angola: The curse of being stuck between oil and debt
Africa’s second-largest oil producer had been going through a rough patch since the 2014 oil-price collapse – and then came the pandemic. The country’s prospects for post-Covid recovery are hampered by crippling foreign debt and lack of progress in economic diversification. However, Angola has an important edge in sub-Saharan Africa ...
Saudi Arabia’s energy ambition: From oil to gas
As oil grows out of fashion, Saudi Arabia is banking on natural gas. Not only can it help the country generate electricity, it can also provide a crucial basis for a robust petrochemical industry. Riyadh wants to become a gas exporter by 2030 as well, but that goal may be ...
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