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Assessments

To Stabilize the Oil Market, OPEC Refines Its Strategy

May 26, 2017 | 10:04 GMT

The newly extended production cut will slowly restore balance to the international oil market. But as the countries participating in the deal get closer to achieving their goals, they will face a different dilemma: how to ease out of it.

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SITUATION REPORTS0
    Leaders of the NATO countries gather on May 25, 2017, for the NATO summit in Brussels, Belgium.
    U.S. Naval Update Map: May 25, 2017

    Reflections

    The fall of powerful Chinese politician Bo Xilai in 2013 stemmed from the same power struggles that led Beijing to redouble its counterintelligence efforts.
    A Washington Post report that U.S. President Donald Trump shared top secret intelligence with the Russian ambassador and foreign minister during their meeting May 10 has raised concerns among the United States' intelligence partners.
    A member of China's honor guard waits to receive Vietnamese President Tran Dai Quang and Chinese President Xi Jinping in Beijing on May 11.
    Smoke rises from an airstrike on Jobar, a rebel-held district on the eastern outskirts of Damascus. As Russia is discovering, it will be difficult to disengage from the conflict it has become embroiled in.
    Emmanuel Macron's victory in France's presidential election averted a crisis for the European Union. But the president-elect faces a formidable task ahead in managing his country's domestic and foreign policy issues.
    French presidential election candidate Marine Le Pen (L) faces off against Emmanuel Macron. Voters go to the polls on Sunday to determine who will hold one of the most powerful democratically elected positions in the world.
    The family comes first in setting the policy course, while the ideologues seem to be losing their voice.

    Snapshots

    Though the defense deal is a means to solidify an alliance with the United States, its true purpose is to beef up the Saudi military and kick-start some form of homegrown capability.
    Snapshot Display: Europe
    Colombia's Constitutional Court accepted a legal challenge introduced by Ivan Duque of the right wing Democratic Center party, amending two aspects of the law allowing Congress to approve the legislation underpinning the government's peace agreement with the Revolutionary Armed Forces of Colombia (FARC).

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