With ExxonMobil set to begin oil production in Guyana next year, this tiny South American country will soon become unthinkably rich. But neighboring Venezuela shows how an oil boom can go bust.
Geopolitical changes, such as a crisis in Russia’s relations with the United States and the EU plus their sanctions on Russia’s economy, as well as the US-Chinese trade war, have given a fresh impetus to Russian-Chinese trade and economic ties.
This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, Exxon Mobil Corp. made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Since then, it’s found so much oil […]
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