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On April 30, 2025, the United States and Ukraine signed a long-anticipated economic partnership agreement establishing the US–Ukraine Reconstruction Investment Fund.
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After more than three years of intense fighting following Russia's invasion of Ukraine in February 2022, the path to end the war has been challenging. President Trump has...
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The relationship between the US and Canada, each of which is the other’s principal source of imported energy, has become increasingly fraught in recent months. Canada and the...
Reports by James Stock • December 04, 2014
Oil prices have fallen nearly 40 percent since June, translating to a drop of nearly $1 in gasoline prices. Declines in oil prices are generally seen as an economic windfall for net petroleum importers, like the United States. As the United States becomes a much larger oil producer as well, however, lower prices create different winners and losers. This policy brief explores the overall economic impacts of a sharp drop in oil prices for the United States. It was co-authored by Center Founding Director Jason Bordoff and Harvard University Professor James Stock, who served until July 2014 as a Member of the President’s Council of Economic Advisers.
Earlier this month, China convened its “two sessions”—the annual concurrent meetings of the National People’s Congress (NPC), China’s legislature, and the Chinese People’s Political Consultative Congress, a political advisor body.
During a speech at the World Economic Forum in Davos last month, President Donald Trump urged Saudi Arabia and OPEC to increase oil production to lower prices and exert economic pressure on Russia.
China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024.
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Reports by James Stock • December 04, 2014