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Kuwait oil: Time to catch up
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 to wean itself off fossil fuels.
Oil in the energy transition age
Concerned that demand for oil will dwindle and eventually vanish, energy companies are gradually moving away from fossil fuels and toward renewable energy sources. However, this trend does not apply to state-owned companies, which are proving less responsive to external incentives. As a result, they could end up as the ...
Shadow over Brazil’s oil production outlook
Experts forecast a considerable growth of oil supply in Brazil, but similar predictions turned out to be overly optimistic in the past. For such predictions to become a reality, the Brazilian government would need to remove the regulations that discouraged large and private oil companies from investing during the latest ...
Angola’s oil comeback: Cautious optimism
After experiencing a meteoric rise following the end of the civil war in 2002, the Angolan oil industry came tumbling down with the 2008 oil price crash and never recovered. Several recent developments indicate that a partial return to health could be on the horizon – although pre-2008 production will ...
The UAE’s oil and gas investment spree
In 2018, the United Arab Emirates launched a five-year spending plan of more than $130 billion to overhaul its oil and gas sector, ultimately aiming to become gas self-sufficient. The increase in production could result in a larger share of the oil market, but only if environmental concerns do not ...
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