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Muhammadu Buhari has finally put in place a cabinet that can get on with the job of running the country. EPA/Deji Yake

The strategic business of running Nigeria can now begin

President Buhari's cabinet selection brings hope. The major challenge now is to delivery on his promise to fight corruption, restructure Nigeria's economy and reduce poverty.
A billboard campaigning against crude oil theft. Nigeria is under pressure from falling oil prices and China’s economic slowdown. Reuters/Akintunde Akinleye

What Nigeria can do to weather low oil prices and slow economic growth

How should Nigeria weather yet another episode of oil price shock? This time it's likely to be worsened by two events of significant global effect.
The Arak heavy-water reactor has been at the center of concerns about potential Iranian nuclear proliferation. Stringer/Reuters

The alarming consequences of scuttling the Iran nuclear deal

Critics of the nuclear deal with Iran have good reasons to be skeptical, but blocking the deal would make the United States and its allies less secure.
Increased oil and gas revenues amid lifted sanctions are set to raise Iran’s economic fortunes, which ease Middle Eastern tensions. EPA/Abedin Taherkenareh/AAP Image

Energy and economic diplomacy can trump the nuclear ‘threat’ of the Iran deal

Opponents of the Iran nuclear deal say it raises the nuclear weapons threat in the region. But Middle East tensions are actually likely to ease as Iran grows richer without being shackled by sanctions.
Iraqi troops training with the US Army June 2015. US Army/Reuters

The politics of paralysis: What the Fed and Iraq have in common

On the face of it, Iraq and the US Federal Reserve share little. One is a country plagued by division, war and mayhem since the US invasion of 2003. It is a brutal world where there are no friends, few…
Steady as she goes. Simon Pedersen

Why Norway is not panicking about the oil price collapse

Norway’s petroleum sector is its most important industry. The petroleum sector accounts for 21.5% of its GDP, and almost half (48.9%) of total exports. In 2013 Norway was ranked the 15th-largest oil producer…
Saudi workers have been given a pay bonus by their new king, but unless oil prices rebound the country will find itself eating into its US$750 billion sovereign nest egg. EPA/Ali Haider

Black oil, red budgets: how long can Gulf states endure low prices?

In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…
Curtis is one of few BBC film-makers given great artistic freedom. Steve Rhodes

Bitter Lake: Adam Curtis is both self-indulgent and fascinating

Most broadcasters – especially those who work at the BBC – must produce their programmes to conform to strict guidelines. They must be within five seconds of the required length, they must comply with…
Did the Saudis and the Americans do a deal over oil in 2008-09? solkanar

Oil crash: is this the end of a long period of inflated prices?

What on earth is going on in the oil market? Does the recent 60% collapse in oil prices in six months really reflect shifts in underlying supply and demand for crude oil? I’m afraid not, as I have been…

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