Venezuela’s loss of production volumes was the largest global unplanned fall in crude oil output in 2017, a trend that has continued to intensify into 2018 and has the potential to get significantly worse in the coming months.
June 11, 2018
| Frank A. Verrastro, Larry Goldstein, Albert HelmigThe global oil market continues to evolve in both predictable and yet uncertain ways. Like previous OPEC meetings, next week’s discussions, including the emerging rifts between the larger members with spare capacity and those without such luxury, will need to be managed.
May 31, 2018
| Frank A. Verrastro, Andrew J. StanleyWhile higher oil prices have provided Venezuela with an economic lifeline in the past, the dramatic collapse of production and exports makes it increasingly impossible for even such revenue inflows to alter Venezuela’s fate.
In a frenemy foreign policy world, where all favors and actions are considered in the context of an ongoing and uncertain negotiation over myriad issues, let’s hope this complexity does not come back to bite us.
April 13, 2018
| Philippe BenoitClimate models are all clear on one point: going forward, we need to lower dramatically the carbon content of our energy use to address the climate change threat. While much has changed in the world since 1990, the carbon intensity of the energy mix unfortunately hasn’t.
The Trump administration’s decision to levy tariffs on imported steel and aluminum is further evidence of the president’s preference for symbolic gestures rather than systemic change. Here, four CSIS experts unpack the varied ramifications of the decision.
The combination of a cyclical correction with an imbalance between prices and costs has led to a marked fall in investment in liquid natural gas over the last two years. Three forces can help the sector get back on track.