Saudi Arabia has mixed expectations ahead of Donald Trump’s imminent second presidency. On the one hand, the royal family maintains close business relations with the president-elect and his entourage, which could lead to privileged access to the White House. On the other hand, Trump’s Middle...

Geopolitics is an overarching characteristic of much of this outlook for the key themes in the global energy economy in 2025. The start of Donald Trump’s second term in the White House will herald new pressures to multiple layers of the global economy, from trade to labour, monetary policy to...

The rapid evolution of global trade offers great productivity gains to participating countries but also raises the likelihood of losing domestic resources through trade-based money laundering. This paper empirically examined whether trade-based money laundering affects domestic resource...

Considering the undeniable importance of the environment in people's lives, this study investigates the combined effects of information and communication technology (ICT) and foreign direct investment (FDI) on achieving environmental sustainability. With increasing carbon emissions and their...

This year’s key themes outlook focuses heavily on the resilience of hydrocarbon markets in the face of disruptions of many kinds; how sustainability and energy transition are becoming a strategic political objective that reaches well beyond the energy economy; and the technology elements of...

This paper investigates the impact of oil price variations on sectoral inflation for a sample of 10 top oil importing and exporting countries. Specifically, we analyze the effects of oil prices on the consumer price index using monthly data spanning the July 2009 to February 2021 period. Two...

This paper investigates the impact of oil price variations on sectoral inflation for a sample of 10 top oil importing and exporting countries. Specifically, we analyze the effects of oil prices on the consumer price index using monthly data spanning the July 2009 to February 2021 period. Two...

A common approach for estimating the macroeconomic effects of oil supply news employs SVAR-IV models identified using changes in oil futures prices around OPEC quota announcements as an instrument. However, we show that the reduced-form oil price innovations, structural shocks, and the...

This study examines the relationship between macroeconomic variables and stock price indices of four prominent OPEC oil-exporting members. Bayesian model averaging (BMA) and regularized linear regression (RLR) are employed to address uncertainties arising from diferent estimation models and...

Our recent article on "The Road to Gaza" examined the history of the three supreme-God churches and the growing role of their militias in armed conflicts and wars around the world. The present paper situates these militia wars in the broader vista of the capitalist mode of power. Focusing...

The study aims to critically assess the safe-haven properties of Bitcoin and a diverse set of commodities in mitigating stock market risks during periods of extreme financial turbulence. Specifically, this research seeks to evaluate the effectiveness of these assets as hedging tools or...

The OPEC governments mainly financed their budgets by relying on oil production, similar to many other governments globally. However, the world’s ongoing economic development, changes in countries’ political relationships, and exchange of sanctions could have adverse consequences for...

Financial intermediation is one of the vital determinants of long-run economic growth. It might carry extra relevance in natural resource-rich developing economies, challenged by the long-term negative effects of windfall revenues, namely the resource curse. This study explores whether financial...

This study explores the dynamic co-movement between oil and six stock markets (China, India, Japan, Saudi Arabia, Russia, and Canada) by using two types of wavelet analysis (wavelet multi-scale decomposition and wavelet coherence). The main empirical results are as follows: (1) Maximal overlap...

Crude oil is one of the sources by which budgets are financed in OPEC countries. However, the fall in oil prices in 2014 put their governments' finances under significant pressure. Healthcare was one of the sectors experiencing fiscal strain. This study examined the effect of a fall in oil...

"The UN's Net Zero goal is to limit the rise in mean global temperatures to 1.5°C by 2050. They suggested that it could be achieved by reducing global emissions by 45 percent by 2030, then to zero by 2050. This book is a new stress test in applied econometric analysis of oil producing...

This study investigates why the exchange rates of oil-exporting countries do not follow the monetary model after the oil prices hikes in 2000. In empirical research, real GDP is considered as real output, while changes in oil rents are not included in GDP growth. However, in practice, oil rents...

With greater importance given to the climate change debate, energy has slowly attracted the complete attention of the whole world. The energy sector can be roughly divided into renewable energy, on the one hand, and fossil fuels, on the other. The former category is at the core of all the main...