The UAE isn't the only oil-rich country making major investments in solar. Saudi Arabia, the world's largest producer of oil, is investing $100 billion in solar in order to produce one-third of ...

The COVID-19 pandemic has routed the oil industry, and countries that depend on oil.Oil-rich countries have been talking about transitioning away from oil, but it’s so much easier said than done ...

In many countries, oil generates windfall profits that enrich only the governing elite. Maybe they should look to Norway for a better way to manage their oil wealth.

Oil-Rich Countries Need to Diversify and Liberalize. Jul 12, 2019 2 min read Commentary By. Anthony B. Kim @akfreedom. Research Fellow and Editor of the Index of Economic Freedom.

Top 20 countries with the highest oil consumption. Photo by Robin Sommer on Unsplash. The economy of many oil-rich countries depends entirely on their oil production, as evidenced in the 20 ...

Why Do Countries Rich In Oil Still Have Poverty? This week's Planet Money report deals with what economists call the "paradox of oil." We'll meet two men who work in the African nation of Angola.

Along with fellow oil-rich nation Saudi Arabia, Kuwait is one of the only countries that rank among the richest in the world that saw a decline in their GDP in 2017.

Jobless Migrants Flee Oil-Rich Countries to the Chagrin of Their Home Countries Legions of foreign workers are leaving Gulf nations, part of a global shift of migrant labor that is depriving their ...

The COVID-19 pandemic has routed the oil industry, and countries that depend on oil.Oil-rich countries have been talking about transitioning away from oil, but it’s so much easier said than done ...

In reality, all OPEC member countries monopolize oil resources through government-owned or state-controlled enterprises. Cronyism and corruption make the problem much worse.