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Oil

An Oil-Price War’s Surprise Ending

Beyond the Seas

No one expected shale producers to survive extended low oil prices, but they have. The next act could prove even more destabilizing.

Oil Price Collaterals

Beyond the Seas

Since July 2014 the price of oil has been falling, and a new OPEC strategy pushed through by Saudi oil minister Ali Al-Naimi makes a reversal unlikely in the near future. OPEC felt obliged to defend its market share against US fracking firms and other “marginal producers.” The pain felt in Moscow, Tehran, and Caracas is an unintended – if not unwelcome – byproduct.

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Out Now: May/June 2020 Issue



+++ The coronavirus crisis has brought Europe and the rest of the world to a standstill. What are the effects of the pandemic on international affairs? The future of the EU depends on how it handles the crisis, argues Daniela Schwarzer. Much is riding on the German EU presidency. David Goodhart makes the case for a retreat from hyperglobalization, and Richard Sennett foresees big changes coming to our way of life; Efi Koutsokosta profiles Greek Prime Minister Kyriakos Mitsotakis; Noah Gordon, in his Carbon Critical column, points out that solar, like oil, has its overcapacity problems; and much more +++

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European Encounters

European Encounters (#EuropeCounts), supported by Stiftung Mercator (2017-18), aims at contributing toward building a European public. Europeans from different ends and spheres of the continent exchange views on topics relevant to the whole EU. It’s time to make discussions truly European.

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BERLIN POLICY JOURNAL is a bimonthly digital magazine on European affairs, edited in Germany’s capital and published by the German Council on Foreign Relations (DGAP). It is best read via our app – on GooglePlay and the Apple AppStore – on tablets and smart phones.