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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 that helps it attract foreign investment.

Al-Kadhimi’s slow strategy for salvaging Iraq
Tehran retains both economic and security dominance over Iraq. The new prime minister in Baghdad, Mustafa Al-Kadhimi, came to power on a wave of anti-Iranian sentiment and is working to slowly chip away at the institutions that secure Iran’s stranglehold. To achieve that goal, however, he will need his supporters ...


New Opportunities 2021: Some optimism for oil markets
The oil industry has reason to hope for better days. The vaccination campaigns underway in several countries could soon bring the pandemic under control. A return to normalcy would allow consumers to spend their accumulated savings, possibly creating a travel boom that would go a long way in revitalizing oil ...


Oil market outlook: Striking a delicate balance
After a period of stagnation, oil markets have begun to recover and prices are rising again. This development is mostly due to production cuts by the OPEC+ group. However, oil demand is not expected to reach pre-Covid levels before 2022, and the transport sector, which will play a determining role, ...


Oil market outlook: Land in sight but rough seas ahead
In early November, several pharmaceutical companies announced that their Covid-19 vaccine trials had yielded promising results. Markets immediately began to recover, but many experts warned against declaring an early end to the pandemic, especially for oil producers. While global recovery and oil prices have moved in tandem during previous months, ...

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