Sanctions imposed on Russia since its Ukraine invasion have reshaped global trade, with countries like China and the UAE emerging as winners.
Oil
Guyana is the world’s fastest growing economy and an emerging oil giant. But its newfound abundance presents as many challenges as it does opportunities.
The Ugandan government must consider potential price shocks when designing and negotiating oil agreements.
Venezuela’s territorial dispute with neighboring Guyana is a longstanding one made worse by news of the oil and gas potential in Essequibo.
The UAE has the private capital and sovereign wealth required to build a post-oil economy. But will it risk being the first mover?
Western sanctions continue to take a toll on Russian oil revenues. But Moscow is stepping up its evasion efforts.
There are no easy solutions to Sudan’s multiple crises. The political, economic, and humanitarian situation is likely to worsen further.
The G7’s Russian oil price cap amounts to a subsidy for many of Asia’s biggest energy players: China, India, Saudi Arabia, and the UAE.
Despite heavy sanctions, Vladimir Putin retains his grip on power and the will to fight in Ukraine.
Wealthy nations will continue outbidding developing nations for energy resources without significant climate adaptation measures.