“Stormy times” of China

Since 1986, the Chinese government started implementing an open-door policy aimed at liberalization of the economy and acceleration of the economic growth through the encouragement of foreign direct investments (FDI) and technologies. The open-door policy promoted the transfer of Western know-how and international capital to People’s Republic of China (PRC). The combination of cheap labour and an active attraction…

OPEC vs Shale producers: there are no winners

It has been more than two months since OPEC+ decided to extend the output limit agreement and no desired results can be observed in the global oil market. In June-July, Brent prices fluctuated within a range of $45-50 per barrel and managed to break a psychologically critical 50-dollar ceiling only by the end of the…