Angola

Algeria

Iraq

Kuwait

Oman

Saudi Arabia

United Arab Emirates

Kazakhstan

Russia

Economics

Energy

OPEC+ agreed to increase oil production by 411,000 barrels per day in July, the organization announced in a May 31 communique.

Global: OPEC+ Approves Third Accelerated Production Hike, But Russia-Saudi Tensions May Rise

Indonesia

France

Military & Security

Politics

French President Emmanuel Macron and Indonesian President Prabowo Subianto signed 27 cooperation agreements during the former's state visit to Indonesia, deepening collaboration in defense and energy, among other areas, the Indonesia Business Post reported on May 29.

France, Indonesia: Paris, Jakarta Deepen Defense, Energy Ties

Australia

Australia's conservative Liberal and National parties formally reunited, ending a brief but politically disruptive split, the Australian Broadcasting Corp. reported on May 28.

Australia: Conservative Coalition Reunites, Though Tensions Persist

Nigeria

Nigerian President Bola Tinubu asked Nigeria's bicameral National Assembly to authorize raising around $24 billion in external borrowing over the next two years, Bloomberg reported on May 27. 

Nigeria: Tinubu Requests Fresh Borrowing Splurge

China

China and Indonesia signed 12 cooperation agreements during Chinese Premier Li Qiang's visit to Jakarta, including a central bank memorandum of understanding to promote the use of yuan and rupiah in bilateral trade, the Jakarta Globe reported on May 26. 

China, Indonesia: Countries Deepen Trade Ties, Boost Yuan-Rupiah Mechanisms

Bahrain

Qatar

Brunei Darussalam

Cambodia

Laos

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam

Malaysia hosted the inaugural Association of Southeast Asian Nations-Gulf Cooperation Council-China trilateral summit in Kuala Lumpur, Malaysia Channel News Asia reported on May 27.

Asia-Pacific, MENA: ASEAN-GCC-China Inaugural Summit Marks Deeper Economic Alignment

Guyana

Venezuela

Venezuela's ruling United Socialist Party of Venezuela retained its broad majority in the National Assembly in an election on May 25, winning nearly 83% of votes, and expanded its control to 23 out of the country's 24 governorships, El Pais reported on May 26. 

Venezuela: Government Consolidates Control Following Regional and Legislative Elections

South Africa

United States

The South African government formally offered to buy 75 million to 100 million cubic meters of liquified natural gas a year from the United States under a 10-year contract in exchange for duty-free access to the U.S. market for automotive parts and duty-free annual quotas of 40,000 vehicles, 385,000 tons of steel and 132,000 tons of aluminum sold in the United States, Reuters reported on May 26.

South Africa: Pretoria Eyes U.S. LNG Imports for Duty-Free Trade Perks

The world is connected, but even the broadest topics deserve an individual look. Below are our latest and most relevant energy analyses.

Below are our latest and most relevant energy analyses.

Sub-Saharan Africa

Americas

Asia-Pacific

Europe

Eurasia

Middle East and North Africa

South Asia

The Libyan Civil War

The Fight Against the Islamic State

The Politics of Pipelines

_Energy

Nigeria: Obstacles to Prosperity

The Battle for Mosul

A Crude Recovery

Broken Contracts in the Middle East

Russia's Internal Struggle

East African Integration

Assessments

French President Emmanuel Macron holds a press briefing during his trip to Singapore on May 30, 2025. 

Global Trade

The deals reached with Indonesia, Singapore and Vietnam expand France's role in Southeast Asia amid shifting global trade and defense dynamics, a welcome development for a region increasingly pinned between the U.S. and China.

Macron's Southeast Asia Tour Deepens French Footprint in the Region

U.S.-China Relations

South Korea

Supporters of Kim Moon Soo, the opposition candidate running in South Korea's June 3 presidential election, react during a campaign event in Seoul on May 19, 2025.

A ruling party victory would portend a continuation of Yoon's pro-business, pro-U.S. policies, while an opposition victory would see Seoul focus more on improving domestic economic equity and increasing engagement with North Korea and China.

South Korea's Presidential Election: Potential Outcomes and Their Implications

Global Elections

A worker inspects an oil drilling platform located roughly 35 kilometers away from Port Harcourt in the Niger Delta. 

The recent drop in global oil prices risks exacerbating Nigeria's already high inflation, which would ripen socioeconomic conditions for protests and threaten to fuel recruitment by jihadist and bandit groups.

Can Nigeria Navigate Lower Oil Prices? 

Azerbaijan

Belarus

Russian President Vladimir Putin (R) and Vietnamese Communist Party General Secretary To Lam (L) address journalists following their talks in Moscow, Russia, on May 10, 2025, during celebrations of the 80th anniversary of the Soviet Union's victory over Nazi Germany in World War II. 

Vietnam is strengthening its relationships with Eurasian countries, especially Russia, as it looks to further diversify economic and energy ties away from great powers amid an unstable geopolitical landscape.

Russia-Vietnam Ties Are Set To Grow Following Lam's Eurasia Tour

The OPEC logo is seen outside the bloc's headquarters in Vienna, Austria, on Oct. 4, 2022.

The production boost will further decrease oil prices, which will provide some financial relief for oil-consuming countries affected by U.S. tariffs, while further straining the budgets of poorer oil producers like Iraq. 

The Mixed Economic Impact of OPEC's Production Increase

After winning the general election, Australia's Prime Minister Anthony Albanese waves as he arrives onstage at the Labor Party election night event in Sydney on May 3, 2025. 

The Labor Party's sweeping victory in Australia will strengthen Prime Minister Anthony Albanese's ability to increase public spending and bolster ties with foreign partners.

Albanese Returns Stronger Than Ever Following Australia's General Election

Iran

A woman walks by anti-U.S. murals on the walls of the former U.S. embassy in downtown Tehran, Iran, on April 11, 2025. 

The U.S. will likely have to allow some Iranian uranium enrichment to ink a nuclear deal, likely resulting in Saudi Arabia seeking similar provisions for its own civilian nuclear program.

With Iran and Saudi Arabia, the U.S. Faces a Uranium Enrichment Dilemma

U.S.-Iran Relations

Snapshots

Kuwaiti traders follow the stock market activity at the Boursa Kuwait stock exchange building in Kuwait City on April 7, 2025. 

The law will enable external borrowing to finance the country's deficits and Vision 2035 investments, but Kuwait's growing reliance on debt markets to increase capital expenditure could eventually prove problematic. 

After Eight Years of Gridlock, Kuwait Finally Passes a New Debt Law

Israel

Rising tensions between the U.S., Israel and Iran are increasing the risk of direct strikes on Iranian territory and potential retaliation in the Strait of Hormuz, threatening to disrupt global oil flows and destabilize energy markets.

The Geopolitics of Trade: Security Threats in the Strait of Hormuz and Likely Strategies

Cyber

Environment, Science & Technology

Israel-Hamas Conflict

Russia-Ukraine Conflict

Social Issues

Intensifying trade wars, a potential ceasefire in Ukraine, continued volatility in the Middle East and consequential elections in key countries will shape the quarter.

2025 Second-Quarter Forecast: An Excerpt

Bolivia

Morales supporters march against the Arce government and denounce the economic crisis Jan. 13 in La Paz, Bolivia. The crisis will fuel political instability ahead of the country's August presidential election amid shortages of dollars and fuel.

The crisis will fuel political instability ahead of the country's August presidential election amid shortages of dollars and fuel.

Bolivia's Socioeconomic Crisis Will Spiral Ahead of Its Presidential Election

Italy

Gilberto Pichetto Fratin, Italy's Minister of the Environment and Energy Security, discusses a new draft law on nuclear energy with the press at Palazzo Chigi on Feb. 28, 2025, in Rome, Italy. 

Reintroducing nuclear power could enhance Italy's energy security, industrial competitiveness and economic growth, but major political and technical hurdles make a nuclear comeback unlikely in the next decade.

The Challenges Facing Italy's Nuclear Comeback

Energy

SITUATION REPORTS

Global: OPEC+ Approves Third Accelerated Production Hike, But Russia-Saudi Tensions May Rise

France, Indonesia: Paris, Jakarta Deepen Defense, Energy Ties

Australia: Conservative Coalition Reunites, Though Tensions Persist

Nigeria: Tinubu Requests Fresh Borrowing Splurge

China, Indonesia: Countries Deepen Trade Ties, Boost Yuan-Rupiah Mechanisms

Asia-Pacific, MENA: ASEAN-GCC-China Inaugural Summit Marks Deeper Economic Alignment

Venezuela: Government Consolidates Control Following Regional and Legislative Elections

South Africa: Pretoria Eyes U.S. LNG Imports for Duty-Free Trade Perks

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