OPEC minister: “We used to have a WhatsApp group”

As a six-month-old spat between Saudi Arabia and Qatar deepens, OPEC’s Gulf ministers will have to scrap their tradition of meeting behind closed doors to agree on policy before the organisation holds its twice-yearly talks, OPEC sources say. “We used to have a WhatsApp group for all ministers and delegates from the Gulf. It used to… Please follow and like us:

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Venezuela’s disaster and the curse of oil

WASHINGTON, June 21, 2017 – “Rich Venezuelans eat sushi, guzzle cocktails amid chaos,” reads the Yahoo headline. And that neatly summarizes the continuing disaster that is Venezuela. Those who believe that national wealth is a function of natural resources might have a hard time understanding Venezuelan poverty. Venezuela has the advantage of the world’s largest oil… Please follow and like us:

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Venezuela’s worst economic crisis: What went wrong?

Venezuela is experiencing the worst economic crisis in its history, with an inflation above 400 percent and a volatile exchange rate. Heavily in debt and with inflation soaring, its people continue to take to the streets in protest. The opposition has called for new protests on May 1 , International Workers’ Day. President Nicolas Maduro also… Please follow and like us:

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Russia’s new game in Afghanistan

A resurgent Russia is making new inroads into Afghanistan, not in the way the former USSR did, but by aligning itself with some of the very extremists whose leaders were involved in the defeat of the Soviet Union’s decade-long invasion of Afghanistan. In December 2016, Moscow disclosed its contacts with the Taliban, the group that is… Please follow and like us:

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