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New Atlanticist

Apr 14, 2020

Oil price war ends, but coronavirus demand crisis remains

By Reed Blakemore

The result of the OPEC+ marathon negotiations should help restore some positive market sentiment and possibly firm up something of a price floor over the short term. However, the impact of a month-long price war, amidst deteriorating oil demand, risks eventually drawing the deal into sharp relief over the next few weeks.

Coronavirus Energy Markets & Governance

New Atlanticist

Apr 14, 2020

Putin concedes defeat in the oil price war

By Anders Åslund

Russia's price war with Saudi Arabia backfired, and Putin's backtracking may signal that he is starting to sour on one of his key officials.

Coronavirus Oil and Gas

New Atlanticist

Apr 13, 2020

War in peacetime: The state comes roaring back

By Ajay Chhibber

The coronavirus pandemic (COVID-19) has brought the state roaring back. As the virus has spread around the world, state control over all aspects of life is now well accepted—just as in a wartime economy—except this time the enemy is an invisible, silent killer disease.

Coronavirus G20

New Atlanticist

Apr 13, 2020

The IMF and World Bank need to protect smaller countries during the Spring Meetings

By Hung Tran

While many larger economies have passed significant coronavirus relief packages, many middle- and low-income countries are in dire straits—suffering the full impact of the pandemic and global economic crises. World leaders in their meetings need to make decisions to significantly increase the lending capacity of the IMF to meet the urgent needs of these countries.

Coronavirus International Financial Institutions

New Atlanticist

Apr 12, 2020

OPEC’s historic deal may still not be enough

By Randolph Bell and Reed Blakemore

On April 12, a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and ten other oil producing countries (known as OPEC+) reached a historic deal to cut 9.7 million barrels per day (bpd) to meet the historic challenge of a COVID-19-driven drop in demand. But as the oil market digests OPEC’s and OPEC+’s largest-ever single oil production cut in the face of an overwhelming demand shock, the question remains: will it be enough?

Oil and Gas Russia

New Atlanticist

Apr 10, 2020

Eurozone passes coronavirus rescue plan, but political unity remains elusive

By David A. Wemer

Although European leaders were finally able to agree on a massive rescue package to help the European economy weather the storm of the novel coronavirus (COVID-19) pandemic, the lack of unity on display over the protracted negotiations raises deep concerns about Europe’s ability to navigate the difficult road to recovery.

Coronavirus European Union

New Atlanticist

Apr 10, 2020

India’s adoption of facial recognition technology could have serious ramifications

By Vappala Balachandran

The application of facial recognition technologies in India would almost certainly aid the country’s stretched law enforcement units and may prove useful in future incidents of public rioting or unrest. Given the state of current technologies, however, observers and government officials in India need to critically examine the reliability of this new platform and its potential to wrongfully infringe on the rights of innocent individuals.

Human Rights India

New Atlanticist

Apr 9, 2020

Fighting COVID-19 side by side with migrants

By Walter Cotte and Rebecca Scheurer

In uncertain times humanity historically comes together to embrace our commonalities. In the case of COVID-19, we can achieve more together if we include migrants as active participants in our efforts to quell the spread and impact of this disease.

Colombia Coronavirus

New Atlanticist

Apr 9, 2020

Third time’s the charm for a new Iraqi PM?

By Atlantic Council

“Iraq needs a prime minister with a mandate from the parliament and the people," Thomas Warrick says, "and al-Kadhimi represents the best chance in a long time for an Iraqi leader who understand the needs of the people for honest, competent, and responsive government."

Democratic Transitions Iraq

New Atlanticist

Apr 9, 2020

The compelling incentives for Saudi-Russian rapprochement

By Alan Riley

The impact of this price war combined with the demand destruction triggered by the impact of the coronavirus are likely to force both Russian and Saudi Arabia back to the negotiating table to agree a deal which will—at least in substance—restore OPEC plus, sooner rather than later.

Coronavirus Energy Markets & Governance