Tag Archive for Organization of Petroleum Exporting Countries

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Behind the Saudi Oil-Price Gambit

King Abdullah, the ailing monarch of Saudi Arabia whose country is playing a power game with its oil.

Exclusive: Saudi Arabia is wielding its oil weapon by keeping production high and prices low – all the better to punish some rivals and consolidate market share – but the gambit may come back to bite the House of Saud, as Andrés Cala explains.

Economic Blowback from Iran Sanctions

Iranian President Hassan Rouhani at a press conference in Iran. (Official Iranian photo)

Economic sanctions have notched some successes, like freeing Nelson Mandela and ending South Africa’s apartheid, but other sanctions have lost sight of practical reforms and become destructive ends in themselves, as ex-CIA analyst Paul R. Pillar notes about Iran.