Bloomberg/London Countries heavily reliant on oil and gas for revenue must diversify their economies or face worsening finances, the International Energy Agency warns in a new report. While revenue for petro-states has…
Opec and allies may ‘need to change course’ as oil inventories rise
Reuters/London/Riyadh Opec signalled yesterday it may have to return to oil production cuts as global inventories rise, in a statement that may further sour relations with US President Donald Trump. The president…
ECB sticks to stimulus exit, downplaying uncertainties
Reuters/Frankfurt The European Central Bank stuck to plans yesterday to claw back unprecedented stimulus, even as the growth outlook continues to darken and political turmoil in Italy looms large over the currency…
Global natural gas rally seen wavering as buyers expand horizons
The upside to global natural gas prices is seen limited as competition with other energy intensifi es. Benchmarks in Asia and Europe have soared since mid2016, leaving buyers in those regions paying…
The global economy’s three games
By Jean Pisani-Ferry/Paris Chess masters are able to play simultaneously on several boards with several partners. And the more time passes, the more US President Donald Trump’s international economic strategy looks like…
U.S. gas a no-go for Chinese buyers despite weaker tariff
TOKYO and SINGAPORE (Bloomberg) — Even with China’s smaller-than-threatened tariff on U.S. natural gas, American cargoes may still be kryptonite for Chinese traders trying to navigate the ongoing trade war. Chinese buyers…
The global economy in 2018
By Michael Spence/Hong Kong Economists like me are asked a set of recurring questions that might inform the choices of firms, individuals, and institutions in areas like investment, education, and jobs, as…
Erdogan holds all the cards in the Jamal Khashoggi mystery
(CNN)It was trailed as Turkish President Recep Tayyip Erdogan’s great reveal. Finally, after weeks of murky leaks to journalists, Turkey clearly wanted to give the impression that it was going to provide…
Renaud Girard: «Derrière l’affaire Khashoggi, le bras de fer Arabie-Turquie»
FIGAROVOX/CHRONIQUE – Il y a, entre le néo-ottomanisme du président Erdogan et le wahhabisme modernisé du prince héritier Mohammed Ben Salman, une rivalité pour la domination du monde sunnite, la grande majorité des…
Khashoggi case has put Saudi prince right where Erdoğan wants him
At about noon on Tuesday two regional leaders are due to make landmark addresses. In Riyadh, the de facto ruler of Saudi Arabia, Mohammed bin Salman, will open an investment showpiece declaring the kingdom…