oil

Production delays, sudden windfalls, and political reactions after discoveries create major challenges for local governments in Brazil

Oil multinationals in Nigeria divesting their onshore assets to local firms resulted in substantial improvements in output and declines in oil theft and violence, driven by politically connected firms

Anti-corruption regulation against multinational corporations in developed countries can increase the local economic benefits of natural resource extraction for African communities

The recent decline in prices presents an opportunity to reduce consumer fuel subsidies without risking a backlash from consumers and vested interests