Sub-Saharan Africa Mark Istvan Ledeczi-Domonkos Sub-Saharan Africa Mark Istvan Ledeczi-Domonkos

OPEC African Members React to Cuts in Oil Exports

OPEC, the Organization of Oil Exporting Countries, will be cutting their oil exports by over two million barrels a day, a spokesman representing the organisation announced last Wednesday. OPEC is a coalition of fifteen nations that pools their oil resources in order to influence global prices, primarily by setting production quotas and export limits.

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Middle East and North Africa Jakob Mieszkowski-Lapping Middle East and North Africa Jakob Mieszkowski-Lapping

OPEC Cutting Oil Production Defines Saudi Arabia's Global Influence

On Oct. 5, the Organization of Petroleum Exporting Countries (OPEC) and its partner nations announced a collective production cut to two million barrels of oil per day, spiking energy prices worldwide. OPEC, primarily led by Saudi Arabia and its Gulf State allies, controls an enormous share of the global energy market and utilizes this leverage with little resistance.

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COP28 Looms: Global Climate Challenges and Funding Dilemmas Take Center Stage in Dubai Talks

On Oct. 25, Hurricane Otis struck the city of Acapulco on the Pacific coast of Mexico, leaving the country with landslides, flooding, and devastation, becoming the second-strongest storm in Mexico's history.

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EU’s Decision on Chinese EVs and Germany’s Response

On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.

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