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In March 2026, the Office of the US Trade Representative (USTR) announced it was investigating "structural excess capacity and production in manufacturing sectors" in 16 economies.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
For years, the energy transition was discussed as a shift that would happen in steady, predictable increments. But a massive surge in electricity demand in recent years—now colliding...
Venezuela is facing profound social and political crises, creating the circumstance of a potential catastrophe to come. Beyond the humanitarian concerns that exist, Venezuela has become a supply risk for oil markets, not only because of the multiple operational challenges it has recently faced but also due to the spiraling impact of the steep oil production declines already suffered this year. An important supplier of oil to the United States and China, Venezuela’s oil production declined by almost 230,000 barrels per day during the first six months of 2016. In this new report, author Luisa Palacios (’95 SIPA), a senior managing director at Medley Global Advisors, head of Latin America Macro and Energy Research and a Fellow at the Center on Global Energy Policy, explores the increasing risks posed by the troubles in this OPEC nation’s oil patch and the unprecedented economic, social and political crisis. The report notes that while the decline in production has yet to translate into a significant fall in oil exports, the most severe threats to the oil market from Venezuela are likely yet to come.
The Center has also published a brief companion piece on the statecraft approach being taken by the U.S. to Venezuela’s ongoing crisis. It can be found here [PDF].
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Key Findings
The US-Israeli war against Iran highlights the Gulf’s dual role as the backbone of global energy supply and a major source of systemic risk.
Within days of the initial U.S. and Israeli attack on Iran on February 28, 2026, the world was plunged into an energy crisis.
Full report
Reports by , , • August 16, 2016