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The Presource Curse: Why Major Oil Discoveries Can Lead to Economic Distress
Symptoms of the resource curse can often arise even before natural resources are produced.

Nigeria’s Prepayment Deals With Traders Necessary to Support Economic Goals
The fact that Nigeria is considering prepayment deals with traders these deals is significant. It reflects how countries that are highly dependent on oil income are taking extraordinary measures to maintain stability while oil prices are relatively low.

Gabon Officially Rejoins OPEC as Low Prices, Declining Production Hurt Country’s Economy
Gabon's official return to OPEC comes at a time when the country needs to attract outside investment in its oil sector in order to boost production and help its economy grow.

Low Oil Prices Trigger Long-Overdue Revisions of Fossil Fuel Subsidies
Economists have long supported the phasing out of global fossil fuel subsidies as a way to temper global oil demand. The era of cheap oil is finally making these reforms a reality.

For Petro-states, World Bank Offers Stopgap Before IMF
The IMF is the world's de-facto crisis lender. But for oil producers on the brink, the World Bank can offer relief, without the terms or the stigma.

Reserve-Currency Status for Yuan to Boost China’s Clout in Global Economy, Oil Markets
The IMF's inclusion of China’s yuan in the global currency basket gives the country a big symbolic victory ahead of the launch of its yuan-denominated crude futures exchange.

One Year Later: Gulf Oil Producers Struggle Following OPEC’s Historic Meeting
The IMF has estimated that oil exporting nations in the Middle East and North Africa as a whole will see their current account balances drop from a collective 8.9 percent of GDP surplus last year to a 4.3 percent of GDP deficit in 2016.

Diesel Market Contending With Short-Term Glut, Long-Term Image Problem
The diesel market is dealing with two major issues, one of which is a short-term glut and the other which surrounds questions about its long-term outlook in the wake of Volkswagen cheating on emissions testing.

How Are MENA Oil Exporters Faring With Lower Oil Prices? It’s Not Good
Saudi Arabia may run out of financial assets in five years if the government continues with current policies, according to the IMF.

Saudi Arabia’s Strategy Working, But Economy Is Hurting
Following steady increases in output since last November’s OPEC meeting, Saudi Arabia’s production has fallen to its lowest level in six months. But that doesn’t mean the kingdom is giving up on its policy of sacrificing higher revenues for market share.