As China’s demand for light oil products continues to drive incremental consumption growth, it is becoming apparent that commodities framed as “oil products” are increasingly not actually made from crude oil. Fellow Gabriel Collins explores the possible ramifications of this situation in this issue brief. He writes that oil producers — whether in Riyadh, Moscow or the Permian Basin — should take stock of how China’s growing use of “oil products” that do not actually come from crude oil may translate into effective reductions in demand and prices for the crude oil they produce.
Larger trucks and SUVs with powerful, high-displacement engines are the low-hanging fruit for any policymaker seeking the most efficient path to reducing gasoline use and the associated emissions.
Fellows Gabriel Collins and Jim Krane argue in this issue brief that despite changes in U.S.-Persian Gulf trade relations, the U.S. retains an enduring interest in preserving political stability and securing oil flows from the region.
Brazil's economy is among those most closed to foreign trade. Debate on trade policy has returned to the political agenda, but domestic and international circumstances do not currently favor reform. This brief discusses the outlook for trade policy reform in Brazil during President Michel Temer's term and the challenges that will be faced by any succeeding government.
China Studies fellow Steve Lewis offers an approach to increase and strengthen the number of “contact points” between the Trump administration and the future leadership of China.
This brief argues that, in contrast to the pessimism and ongoing recession in Latin America generated by the collapse of commodity prices, there are reasons for optimism in the area of external financing.
Japan's once-booming economy has been somnolent, mainly as a result of deflation and decreased productivity. This issue brief discusses Abenomics — the country's strategy for achieving economic growth — and the headwinds created by the demographic forces of aging in Japan.