by Thomas W. Lippman The country that could ultimately suffer the most damage from a sustained depression in the world price of oil could be one that is not a major producer: Egypt. Unable to sustain itself, Egypt is being propped up by big infusions of cash from Saudi Arabia and the United Arab Emirates
by Sara Vakhshouri In the past several days—despite the conflicts affecting Iraq, Syria, Iran and Russia—oil prices have been on a downward trend, hitting their lowest number in the past four years. As of October 2014, oil prices are more than 20 percent lower than June. This trend started with Saudi Arabia reducing its crude
via LobeLog
by Sara Vakhshouri
After almost a decade of negotiations, Moscow reached a 400 billion dollar energy deal with Beijing yesterday, allowing the Russian state-controlled Gazprom to export gas to China for 30 years.
The key agreement guarantees long-term market access for Russian gas in the Asian market, where Russia has historically had [...]
En Español
The Latest
From IPS News
- Revival of Hope: How a Remote Indian Village Overcame Water Scarcity
- Ahead of UN Summit of the Future, Mobilizing Youth for Change
- The Kids of the Islamic State: A Childhood Stolen
- The Gambia Must Not Repeal FGM Ban
- Global Governance: Time for Reform
- Abandoned Children Growing Problem in Northern Syria
- IMF Urges Non-alignment in Second Cold War
- Child Malnutrition in Peru Driven Up by Poverty and Food Insecurity
- Governments Worldwide Prioritize School Feeding for Its Multiple Benefits
- Parents Harness Pedal and Wind Power To Demand Climate Action
- Online fundraising for IPS Inter Press Service at Razoo