North Korea responds to sanctions by the UN Security Council
Analysis

North Korea responds to sanctions by the UN Security Council

The United Nations Security Council (UNSC) recently passed new sanctions against North Korea as a result of Pyongyang’s fifth nuclear test on September 9, 2016. The sanctions resulted in a verbose response by the North Korean government directed at the UNSC and the United States (US). It can be established with high confidence that such rhetoric is usual and sanctions will not have any serious effect for months, thus solidifying the view that the North Korean regime will remain stable throughout 2016. Continue reading

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Nigeria exempted from OPEC oil production cut
Analysis

Nigeria exempted from OPEC oil production cut

On Wednesday November 30, the Organization of Petroleum Exporting Countries (OPEC) and Russia agreed to a cut in oil production. A stipulation of the deal was that Nigeria, a member of OPEC, is to be exempted from the oil cut. With Nigeria’s reprieve and Angolan participation, it can be said with moderate confidence that, depending on the severity of the Angolan production cut, Nigeria may once again become Africa’s top oil producer by January of 2017. Continue reading