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Tough Choices For Russia

Russia's currency crisis has abated since December 16 when the currency lost 35% of its value versus the US dollar at one point despite FX intervention and aggressive monetary tightening by the...

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OPEC's Decision: Global Implications

Our expectation that OPEC would coordinate modest cuts in production has not played out, with the group deciding to maintain the 30mn b/d ceiling and let the markets take their course. Our risk...

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A New Cold War?

The Russia-Ukraine conflict this year and the celebrations over the weekend marking the 25th anniversary of the fall of the Berlin Wall have rekindled memories of the Cold War. Many are asking...

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