The COVID-19 coronavirus has dealt the Russian crude oil industry a two-pronged blow: first, decimating global demand, and now, disrupting output by infecting hundreds of oil-field workers. It has similarly hit natural gas–production operations, another Russian economic mainstay. The blame rests squarely with the Russian... MORE

News about a new deal on oil production cuts, agreed between Russia and the Organization of the Petroleum Exporting Countries (OPEC) and then augmented by the communique of the G20 energy minsters last Friday (April 10), had been expected; as such, the developments made little... MORE

The oil price fixing pact known as “OPEC+”—between the original oil-producing members of the Organization of the Petroleum Exporting Countries (OPEC) and some non-members, primarily Russia—was agreed in December 2016 and implemented in 2017. By limiting oil production, OPEC+ helped keep global prices relatively high.... MORE

On March 19, 2019, Nursultan Nazarbayev resigned as president of Kazakhstan and was constitutionally succeeded the following day by the speaker of the Senate, Kassym-Zhomart Tokayev. Less than three months later, on June 9, the president ad interim was confirmed in his role through a... MORE

The timing could not have been worse for Russia to provoke a spat with Saudi Arabia over oil production quotas in early March. Moscow’s decision to withdraw from the OPEC+ agreement restricting oil production in order to maintain higher oil prices triggered a harsh reaction... MORE

The veil of uncertainty (see EDM, March 17) surrounding Belarus’s short- to medium-term socio-economic prospects continues to thicken. Alexander Chubrik, a reputable economist, writes about the Four Horsemen of the Apocalypse who have arrived in Belarus at the same time (Tut.by, March 16). They represent... MORE

As the novel coronavirus responsible for the COVID-19 pandemic continued to spread across the Eurasian landmass and beyond, the energy-producing states of the South Caucasus and Central Asia were dealt a separate, serious economic blow by Russia. Specifically, Russia’s decision to pull out of the... MORE

“Utmost uncertainty” is perhaps the most fitting label summarizing the current situation in Belarus. Against the backdrop of a possible recession, international oil prices plummeted on March 9, in the wake of Russia’s decision to pull out of the so-called OPEC+ agreement with Saudi Arabia,... MORE

Introduction Over the years, unremitting hostility between the United States and the Islamic Republic of Iran has created opportunities as well as dilemmas for the People’s Republic of China (PRC). The Trump administration’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in May... MORE

Belarus continues to scramble in search of alternate oil sources two months after its traditional Russian suppliers halted flows through the Druzhba Pipeline (see EDM, January 22, February 13). The five suppliers that have provided Belarus with 90 percent of its oil for years cut... MORE