Economy

FLASH:IEA Reduces Oil Demand Forecast for 2021

Santa Barbara Channel / Ellwood Oil Field. From left to right: Harmony, Hondo, Heritage., cc Flickr Glenn Beltz, modified, https://creativecommons.org/licenses/by/2.0/

Weak oil demand is projected to persist through the first half of 2021, compounding divisions within the OPEC+ cartel.

US Stimulus: Biden Era to Open with a Fiscal Bang

Joe BIden speaks at a rally outside his campaign office in Council Bluffs, Iowa. Please attribute to Matt A.J. is used elsewhere., modified, https://www.flickr.com/photos/cornstalker/49148794278/in/photolist-2hT7qdN-DJWD4T-DRAF4o-DMKaXJ-DvmhkL-E4UD37-EiYthH-EswGHQ-EkCRoA-DYviMA-DDJJUK-DqttdY-Da6o24-E1Drk2-Dfvmm7-DypzT8-DfQJi4-E1DoQT-dGHyZJ-DDVQeS-E2N4rj-E7daCQ-E4qsBE-Dc8N6K-Dhtj7D-DDrBNe-2kpuX4v-Dh8BZy-2k4gLnK-DkZxr7-DhtfCz-DXuJjh-EaFsL4-DrvgtF-2gAV4u2-Ecxe7f-DY8kbG-Etr5Ch-Dmkk2M-DE7YPL-DGSHGb-Dhts4k-2hTaZX9-Dh8FAw-E6C5xn-2gAV5nE-2gAVCWy-2gAVD2P-97Gk16-E8heEt

The Biden administration has proposed a bold – and expensive – stimulus package to reinvigorate the US economy, and its legislative path will say a lot about how US politics will operate over the next two years.

The Dawn of a New 30 Years’ Crisis

cc Flickr Official U.S. Navy Page, modified, Official U.S. Navy Page USS George H. W. Bush transits the Atlantic Ocean. ATLANTIC OCEAN (Aug. 8, 2017) The Nimitz-class aircraft carrier USS George H. W. Bush (CVN 77) transits the Atlantic Ocean during exercise Saxon Warrior 2017. The U.S. and United Kingdom co-hosted carrier strike group exercise demonstrates allied interoperability and capability to respond to crises and deter potential threats. (U.S. Navy photo by Mass Communication Specialist 1st Class Theron J. Godbold/Released)170808-N-FP878-041, https://www.flickr.com/photos/usnavy/35628757294/in/photolist-WhoGfS-EG1Nzr-2assCKb-ZUsqQM-is7w3K-26E3ycw-22kKzcb-9cmpaL-28rtL6f-YCTuj3-21gDB6K-Q6CfVy-ZenH6m-24JgvTn-KRdPSP-TyJhHB-2cehmVF-YWRbvu-nb4A3G-YRwRhB-26BBnR1-2cYoRiG-27LPmju-yggvFX-22hocKf-H1zxEt-2cXUuXN-qUZyYd-o62bew-27LPyp1-DDHT3Z-BD6BY2-i5ZEEB-TqpaWJ-22KpNhP-2cXUxpG-9sFHpc-GySAj8-29no4gT-oL7MbT-29LS2jb-21DvJN7-29R9ntN-25xHV9X-KRdJtn-qRDdCs-SuwpHw-29sGRX3-29LWHbh-i5osTb

The Trump era will have lasting repercussions for US power and the structure of the global system.

Resurgent COVID-19 Looms over Asia’s Economic Recovery

cc Flickr nagi usano, modified, https://creativecommons.org/licenses/by-sa/2.0/

Asia is expected to lead the way in a post-COVID global economic recovery, but a new upsurge in COVID-19 cases highlights how the region is not out of the woods yet.

Turning Inward: GCC Sovereign Wealth Funds Reinvent Themselves in the COVID Era

Deputy Crown Prince, Second Deputy Prime Minister and Minister of Defense of the Kingdom of Saudi Arabia, Mohammad Bin Salman bin Abdulaziz Al-Saud participates in the Counter-ISIL Ministerial Joint Ministerial Plenary Session, at the U.S. Department of State in Washington, D.C. on July 21, 2016. [State Department Photo/Public Domain], https://commons.wikimedia.org/wiki/File:Deputy_Crown_Prince_Mohammad_Bin_Salman_bin_Abdulaziz_Al-Saud_Participates_in_the_Counter-ISIL_Ministerial_Plenary_Session_-_Flickr_-_U.S._Department_of_State_(cropped).jpg

But the path to a post-oil future won’t be easy.

Trump Unveils a New Strategic Framework for the Indo-Pacific

Ships from the Royal Australian Navy, Indian navy, Japan Maritime Self-Defense Force and the United States Navy participate in Malabar 2020., cc Flickr Official U.S. Navy Page, modified, https://www.flickr.com/photos/usnavy/50613870887/in/photolist-2k7zjsk-2k8s7Fo-2k89r7Y-CwWaMh-VAfibR-WRGbUK-Vy11vY-VABjDi-Vy12ij-Vy11WY-VxZZwo-WLxHNh-Vy115Y-YyiLr5-2dTgKFL-ZKcBLA-ZMX6cZ-ZJdAZ9-FRntMV-W35JeS-WH1K2J-WEc1eM-WEbZ9k-XiQ3Wi-L1sqBu-L1sqks-L1sqSE-2dTg7Xf-2dAocUi-2dThcf1-2eZe3Pn-5DFc39-2853ShY-Vsm6Ad-VsYesT-VzHAWo-WASr2E-Wt8vjV-VsYdyD-WgyQ6J-WASqmG-W5saTj-WgyNP5-WgyP4y-WNhu1L-WJyqWR-WgyQHA-WgyPsu-W7bPss-2853RBu

But was it really secret before its sudden declassification?

Outlook 2021: A New Dawn for the European Union?

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With Brexit now in the past, what will the future hold for the European Union?

Outlook 2021: ASEAN under Brunei’s Chairmanship

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ASEAN represents one of the most dynamic and fastest-growing economic blocs in the world. What can we expect in 2021?

Outlook 2021: Can China Rebuild its Damaged Reputation in the West?

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Last year saw a dramatic rise in negative perceptions of China. What can Beijing do to reverse the trend in 2021?

EU-China Investment Agreement Casts Europe as a Great Power

cc kremlin.ru, modified, https://commons.wikimedia.org/wiki/File:Emmanuel_Macron_and_Angela_Merkel_(2019-12-10).jpg,

The EU-China Comprehensive Agreement on Investment has demonstrated Europe’s importance on the world stage – even if the agreement never sees the light of day.

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