The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — partly due to a global slowdown, but more due to a power struggle within OPEC+.
South Korea, together with Hong Kong, Macau and Puerto Rico, is one of only a few places in the world with a fertility rate below 1, data by the World Bank shows, Statista reports.
Armenia is seeking partnerships with African producers of rough diamonds to ensure a stable supply for its diamond processing industry and diversify away from sanctions-hit Russian suppliers.
The Democratic Republic of the Congo is offering the United States significant mining rights in exchange for military support.
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.