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The Kickback That Killed Brazil

Itaboraí was once a petro-boomtown; it’s now an empty shell. How the Petrobras mega-scandal is destroying ordinary lives and bringing down the rich and powerful.

Argument

The U.S. Needs to End Its Ban on Crude Oil Exports

We can help our allies and undermine our adversaries if we get rid of this antiquated policy.

Report

Tentative Nuclear Agreement Doesn’t Mean Iran’s Open for Business

The agreement reached between Iran and the P5+1 countries offers the sanctions relief that Tehran demanded. But that won't translate into a stampede of fresh investment or a gusher of Iranian oil exports anytime soon.

Transitions

In Libya, the Tantalizing Promise of a Unity Government

Yesterday, on March 25, the international peace process aimed at ending Libya’s civil war concluded its latest round of talks in Morocco on schedule. Both ...

Observation Deck

China Is the New Power Broker in the Persian Gulf

Oil is transforming 
the country’s foreign policy. Can the 
United States handle 
the consequences?

Report

Yemen Strife Reminds Oil Markets That Mayhem Matters

Military action by Saudi Arabia and other Gulf states in Yemen spooked oil traders, a reminder that a world in flames can still rattle energy markets.

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    March 2015 Issue Cover