Counting the Cost

Venezuela's oil meltdown

We examine why Venezuela's oil-based economy is falling apart despite the fact that global oil prices have recovered.

Counting the Cost

US pullout from Iran deal: Who will pay the economic price?

We examine Trump's decision to withdraw from the Iran nuclear deal and the implications for the global economy.

Counting the Cost

Is Saudi Arabia biting off more than it can chew?

Economic reality has gripped the Kingdom of Saudi Arabia, which aims to move away from oil dependency.

Counting the Cost

Iran and the oil market

How Iran's nuclear deal and a host of other factors are forging a new crude reality.

Counting the Cost

Trade wars and debt: The biggest risks to world economy

What's behind the IMF's and the World Bank's warnings about a looming global economic downturn?

Oil Price

Oil prices soar over fears of US strike on Syria

Brent rises to its highest level since December 2014, amid possibility of US-led strikes on Syria.

Oil prices soar over fears of US strike on Syria

Saudi Arabia

Saudi oil Tanker attacked off Hudaida port

'It was a minor attack. There was no impact, but the question is will it continue?'

Saudi oil Tanker attacked off Hudaida port

Oil Price

Iraq anticipates awarding of oil contracts

Iraq changed the contracts after a glut caused oil prices to crash in 2014, reducing Baghdad’s ability to pay the fees.

Iraq anticipates awarding of oil contracts

Counting the Cost

China's 'petro-yuan': The end of the dollar hegemony?

Shanghai is reportedly taking the first steps to pay for imported oil in reminbi, or yuan, instead of the US dollar.

Business & Economy

Saudi Arabia and Russia consider 10 to 20 year oil alliance

Russia and OPEC member Saudi Arabia are seeking to extend oil market cooperation for decades to stabilise crude prices.

Saudi Arabia and Russia consider 10 to 20 year oil alliance

Oil Price

Oil price crosses $70 amid Iran deal tensions

Oil prices rose as investors saw increasing possibility that the US could withdraw from the historic Iran nuclear deal.

Oil price crosses $70 amid Iran deal tensions

Counting the Cost

What's behind the Saudi Aramco IPO delay?

We discuss why the initial public offering of Saudi oil giant Aramco, scheduled for 2018, could be postponed to 2019.

The Big Picture

Venezuela: From riches to rags

What led to the economic collapse of Latin America's richest country?

The Big Picture

The Battle for Venezuela

The Big Picture examines the present-day crisis in Venezuela by exploring the divisions rooted in its past.

The Big Picture

Hugo Chavez and the coup that never happened

How Venezuela's Hugo Chavez survived a coup in 2002.