Saudi-Russia oil price war — paused, but not over

The April 12 OPEC+ deal to cut oil production that ended the disastrous five-week Saudi Arabia-Russia price war is a short-term fix for the global industry, but will not resolve the larger problem of over-production. The price war heightened animosity between Riyadh and Moscow and calls into question whether the OPEC+ partnership will ever be the same again.

Norwegian Police Security Service Study on Far-Right Extremism in Norway: Translation and Analysis

Summary

This report builds on background-information on 109 far-right extremist persons, who PST was worried were in a radicalization-process in 2018. Our survey shows that there was an increase in the radicalization to far-right extremism in 2015. The asylum influx is an important mobilization-factor for the milieu. The level of immigration will probably provoke radicalization to far-right extremism in Norway also in the future.

COVID-19, the oil price war, and the remaking of the Middle East

The Middle East is facing an unexpected turning point. The region will not look the same after COVID-19 as it did before it. Prior to the outbreak, the Middle East had managed to normalize the geostrategic implications of the Arab Spring. Tunisia transitioned to a fully functioning democracy, Egypt ended up with a strongman, Syria became a catastrophe, Jordan and Morocco enacted some reforms, while Algeria and Sudan are still struggling with transitions and Lebanon stands on the brink of economic collapse.

Coronavirus: The Looming Collapse of Europe’s Single Currency

In Spain, which recently overtook Italy as the epicenter of the coronavirus in Europe, Prime Minister Pedro Sánchez committed €200 billion — 20% of the country’s GDP — to alleviate the economic and social consequences of the pandemic. When asked how he would pay for that amount of spending, Sánchez replied that he was counting on financial help from “Europe.”