Articles on crude oil

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OPEC can’t stop the flow. Isaac Urrutia/Reuters

Is OPEC’s oil era over?

OPEC has been declared dead in recent months as the group of oil-exporters has been unable to agree on a plan to stabilize the market. But was it really ever alive in the first place?
The vivid pink pools of Western Australia’s Hutt Lagoon are the world’s largest algae farm. Steve Back (used with permission)

Sustainable oil from algae: the technology is ready, but what about the politics?

We have the technology to make oil from algae, rather than digging up crude oil from organisms that lived billions of years ago. But bringing it to market will take a force of economic and political will.
Nigerian youth celebrate presidential candidate Muhammadu Buhari’s victory. Youth unemployment will continue to threaten the continent’s growth. Reuters/Goran Tomasevic

Renaissance or mirage: can Africa sustain its growth?

How realistic are expectations about Africa’s economic prospects? There are several reasons why we should be both optimistic and cautious about the continent's future economic performance.
Does King Salman have what it takes? Reuters

New Saudi king should reform economy before it’s too late

Ever since its unification as a nation state in 1932, the Kingdom of Saudi Arabia has been an oil-dominated economy. Most improvements and setbacks in its economic and social indicators can be invariably…
Oil prices have dropped to levels not seen in years. It’s not all good news. Reuters

Oil price drop offers short-term gains but long-term pains

The recent drop in crude oil and gasoline prices in the United States is a nice stocking stuffer for consumers this holiday season, but it could turn into a lump of coal. A global oil glut has caused the…

Oil spill detrimental to Gulf species

The effects of the Deepwater Horizon accident may have long-term consequences for regional animals. Researchers have discovered…

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