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Petrostates in Peril
Petrostates in Peril
OPEC’s Coffers Are Drying Up

Cheap oil is taking its toll on the cartel’s net export revenues.

Petrostates in Peril
Here’s How Much the Oil Price Fall Is Hurting OPEC

The collapse in crude prices cut OPEC’s oil export revenues nearly 50 percent in 2015.

Petrostates in Peril
Russia’s Lukoil Wants to Work with OPEC

But it’s hard to see Putin coming to some sort of agreement with OPEC when the cartel’s own members can’t trust one another enough to make any cuts of their own.

Petrostates in Peril
Russia Caps 2015 With Record-Setting Oil Production

For now, Moscow has little choice but to ramp up production to try to offset bargain prices by selling more.

Petrostates in Peril
OPEC’s Own Outlook Getting Grimmer

With lower breakeven prices and innovative new techniques, shale firms are better prepared to weather a price war than OPEC might hope. The cartel’s long-term outlook isn’t bright.

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Walter Russell Mead & Staff
Risky Business

The Long March toward a Chinese meltdown continues.

Make NATO Great Again

Is this the Trump effect?

Terror in the Philippines

The Philippine president cut short his Russia trip to deal with a terrorist outbreak at home.

The Nork's Nukes

As North Korea’s missile progress proceeds apace, the U.S. is coming ever closer to a binary choice: war with North Korea or acceptance of its deterrent.

cost cost cost

A state-run insurance system would cost more than California spends on all other public services—education, police, pensions, and more—combined.

Energy Innovation

How close are renewables to a shale-like boom?

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