A great part of Sub-Saharian Africa, despite the richness of conventional energy resources lives without access to electricity. The lack of delivery infrastructure and discontinuos and unreliable supply, coupled with the high costs to the consumer, are lowering the demand especially in the least developed rural areas.
Investments in the last decade reveal an increasing interest in renewable energy. The increase in investments, the drop in production costs, and the commitment by the governments to contain greenhouse gas emissions will lay the foundations for a further expansion.
The oil market has been trying to find a way to counterbalance a severe drop in prices. With a continued glut, OPEC countries have struggled to find an agreement among themselves and with non-OPEC countries to cut production.
The current approach to stabilizing Saudi Arabia’s power in the region is running up against many unexpected obstacles. As revenue from oil diminishes, the kingdom’s rulers need to assess the direction in which their country is heading.