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US oil and gas sector stays strong under Biden for now

Location:

UNITED STATES

President Joe Biden has adopted a gradual approach to replacing fossil fuels with renewable resources, but a second term would see him under greater pressure to address record…

Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Brunei will step up efforts to diversify economy

Location:

BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Algeria’s budget will drive up public debt

Location:

ALGERIA

The budget is geared towards boosting living standards ahead of the presidential elections towards the end of the year, in which President Abdelmadjid Tebboune will most likely…

Parallel imports continue to support Russia’s economy

Location:

RUSSIA

Parallel imports have played a crucial role in securing the supply of goods for the Russian economy. The creation and management of parallel import channels is now an important…

Militarisation will cause rising distortions in Russia

Location:

RUSSIA

Record levels of defence spending have led to surging demand for inputs used to manufacture military equipment, driving up output across various sectors. However, evidence of…

Rising Russian investment will cause structural change

Location:

RUSSIA

The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…

Early Argentine economic successes are unsustainable

Location:

ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Canada's economy will affect political outlook in 2024

Location:

CANADA

The economy has not grown in the past two quarters and, on a per capita basis, has declined for six consecutive quarters. With the Bank of Canada ruling out interest rate cuts…