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Matthew Bey on OPEC Production Cuts

Speaking on BNN, Stratfor Energy Analyst Matthew Bey looks at what the cartel's deal to cut oil production does and does not mean in reality.

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Situation Reports

U.S.: Beijing Condemns President-Elect Trump's Taiwan Call

Beijing lodged a formal diplomatic protest Dec. 3 in response to a phone conversation between U.S. President-elect Donald Trump and Taiwanese President Tsai Ing-wen, Reuters reported. Read more…

United States: President-Elect Trump Speaks With Taiwan President, Courts China's Ire

In an extraordinary and perhaps unprecedented break with decades of U.S. foreign policy and diplomatic protocol, President-elect Donald Trump spoke by phone Dec. 2 with Taiwan President Tsai Ying-wen. Read more…

Saudi Arabia: King Orders Replacement Of Prominent Leaders

Saudi King Salman ordered by royal decree Dec. 2 a reshuffle of the Council of Senior Scholars, the Saudi Press Agency and other Saudi sources reported. Read more…

Angola: President Will Not Stand For Re-Election

After holding power since 1979, Angolan President Jose Eduardo dos Santos will not stand for re-election next year, Reuters reported Dec. 2. Read more…

Russia: President Approves First Revised Strategic Concept Since 2013

For the first time since 2013, Russian President Vladimir Putin approved Dec. 1 a new iteration of the country's Strategic Concept, the official document that outlines the country's fundamental security tasks and strategy, RIA Novosti reported. Read more…

France: President Will Not Run For Re-Election

President Francois Hollande has surprised French voters by declaring Dec. 1 that he will not run for re-election next year, the BBC reported. Read more…

Russia: Contact Lost With Resupply Space Craft Bound For International Space Station

Russian authorities lost contact with an unmanned spacecraft launched Dec. 1 to bring supplies to the International Space Agency, Russia's space agency said, The Verge reported. Read more…

South Sudan: Aid Convoys Blocked, Envoy Warns Of Ethnic Cleansing

Humanitarian convoys seeking to provide aid to civilians in South Sudan have been attacked and blocked from reaching their destinations, top U.N. officials in the country said, Reuters reported Dec. 1. Read more…

Thailand: Crown Prince Maha Vajiralongkorn Becomes King

Crown Prince Maha Vajiralongkorn ascended to the throne in Thailand on Dec. 1, Bangkok Post reported. Read more…

Ukraine: Kiev Begins Missile Tests

Ukraine has begun a round of of surface-to-air missile tests over the Black Sea, BBC reported. Read more…

Ethiopia: Opposition Leader Detained After Trip To Europe

Prominent Ethiopian opposition leader Merera Gudina was detained upon arriving at the Addis Ababa airport on Nov. 30, BBC reported Dec. 1. Read more…

Gambia: Internet Shut Down Ahead Of Elections

Gambian authorities shut down the internet and international phone calls in the country late on Nov. 30, as voters prepared to head to the polls for the country's Dec. 1 presidential election, Quartz and BBC reported. Read more…

Colombia: Congress Ratifies Revised FARC Peace Deal

Colombia's Congress ratified a revised peace agreement with the Revolutionary Armed Forces of Colombia (FARC) on Nov. 30, AP reported. Read more…

Mali: Militants Attack Two Northern Airports

Militants in Mali attacked two airports in the country's north, a security source and local residents said Nov. 30, Reuters reported. Read more…

North Korea: U.N. Security Council Imposes New Sanctions

The U.N. Security Council unanimously approved new sanctions against North Korea on Nov. 30, Reuters reported. Read more…

Russia: Moscow Signs Military Deals With Armenia, Azerbaijan

Russian Defense Minister Sergei Shoigu met with Armenian Defense Minister Vigen Sargsyan on Nov. 30 and signed an agreement to establish combined forces, Vestnik Kavkaza reported. Read more…

Turkey: Minister In Brussels For Visa Liberalization Talks

Turkish EU Affairs Minister Omer Celik is in Brussels for negotiations with top European Commission officials over visa liberalization for Turkish nationals, Die Welt reported Nov. 30. Read more…

Ukraine: Kiev Hopes New President Will Provide Lethal Weapons

Secretary of the National Security and Defense Council of Ukraine Oleksandr Turchynov voiced his hopes in a Nov. 30 interview that President-elect Donald Trump will provide Ukraine with lethal weapons while in office, Interfax reported. Read more…

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