Energy Archive

Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. Earlier this month, the Mexican government submitted a budget to cut spending in 2016, including reduced investment in the state oil company Pemex, given the drop in global oil prices. In an email interview, Amb. Antonio Garza, former U.S. ambassador to Mexico and currently counsel in the Mexico City office of White & Case LLP, discussed Mexico’s economy and the impact of the oil shock. WPR: How have declining oil revenues affected Mexico’s budget and spending power? […]

When the collapse of the Chinese stock market signaled a slowdown in China’s breakneck pace of economic growth, one could easily identify a long list of countries already showing symptoms of suffering a cold from China’s sneeze. Within that list, one country stands out, one where the impact will have potentially significant geopolitical consequences: Russia. When it comes to Russia, China’s challenges will have global implications. The only question is how severe that impact will be. The Chinese slowdown, to be sure, creates new problems for Russian President Vladimir Putin and his plans to rely on stronger links with Beijing […]

In late July, Turkish President Recep Tayyip Erdogan was in Beijing, his first state visit to China as president. Weeks earlier, back in Istanbul, Turkish nationalists enraged at the treatment of Uighurs in China’s Xinjiang province had attacked Korean tourists, thinking they were Chinese, and stormed the Thai Consulate after Thailand deported a group of Uighurs who had fled China. With Erdogan pushing a more nationalist agenda to overcome a challenge from the right after his party’s electoral setbacks in June, most observers focused on whether China’s ethnic tensions and Turkish criticism of Beijing’s policies toward the Uighur minority could […]