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Gas prices are displayed at a gas station in Frankfurt, Germany. OPEC countries have decided to cut oil production by 2 million barrels per day in response to rising global interest rates. (AP Photo/Michael Probst)

Sanctions on Russia are increasing, not decreasing, its revenue

The impact of oil sanctions on Russia is limited compared to the severe repercussions they have on the global economy and other countries’ abilities to achieve energy security and transition.
Everyday Russians, like these people in Moscow, may shoulder much of the burden of the world’s economic sanctions aimed at Vladimir Putin and his oligarchs. AFP via Getty Images

Economic sanctions may make Russians’ lives worse – without stopping Putin’s assault on Ukraine

Personalist dictators tend to shield the elites who support them from the economic pain of sanctions by pushing costs onto regular people.
Oil tanks get filled on Russia’s Mendeleev Prospect oil tanker in Primorsk on the Baltic Sea. Alexander Ryumin\TASS via Getty Images

Can wealthy nations stop buying Russian oil?

Russia is one of the world’s top three oil producers and a major oil exporter. How will it, and global oil markets, respond if its wealthiest customers turn off the tap?
The surge in U.S. oil and natural gas production has transformed the energy picture in the country, but the influence is muted globally. Pixabay

Is energy ‘dominance’ the right goal for US policy?

The Trump administration has set a new national policy: energy dominance. But can the US really dominate other countries through fossil fuel exports?
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?
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…
Gas guzzled: OPEC’s 1973 oil embargo threw America into crisis and underlined the political power of energy. David Falconer/Wikimedia Commons

Four decades later, has America finally got over the oil crisis?

The Australian Financial Review recently trumpeted America’s “re-emergence as a world oil power”. It is an accomplishment four decades in the making and its success is still under debate. Energy security…

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