D.C. Residents Could Be Left in the Dark Without An Essential Federal Utility Assistance Program
The federal utility assistance program is in limbo after the entire staff was fired in April.
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Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.
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.
CGEP recently hosted a private roundtable conducted on a not-for-attribution basis that focused on key geopolitical issues and oil markets in various hotspots, including the Middle East, Russia/Ukraine, China, and the Americas.
Last month, US President Joe Biden signed into law new sanctions aimed at reducing the flow of Iranian oil to China, which purchases about 90 percent of Iran’s oil exports.
On June 2, Mexican citizens will head to the polls to elect the successor to President Andrés Manuel López Obrador.
While Iran's first direct attack using missiles and drones against Israel on April 13 did not incur significant damage to military sites or, more importantly, civilian casualties, it has changed the dynamic between the two states and increased the chance of a regional if not wider war.