Oil prices have experienced a steep drop in recent months, with experts not believing in a near-term trend reversal. Consumers may be happy, but most producers of the black gold certainly aren't.
The drastic fall in oil prices has pundits wondering when oil-producing nations are finally willing to strike a deal on reducing their output so as to ease the current glut. This page collates recent DW content on the topic.
This week: We go underground to meet Thai dissidents in hiding, speak with a rape survivor in India and visit a street art festival in the war-scarred Bosnian city of Mostar. Plus: Venezuelans struggle to survive the collapsing oil industry, Moroccan teen refugees in Ceuta, culinary graffiti in Verona and $1-dollar eyeglasses in Bolivia.
Venezuela's economic collapse impacts people in the once booming oil town of Maracaibo -- After price hikes, people in Egypt are struggling to make ends meet -- How one woman brought jobs - and a tasty bite to a refugee camp in the Western Sahara desert
Venezuela was once the richest country in South America thanks to a booming oil industry. But the state oil company's facilities are rotting. At Maracaibo Lake, which holds some of the largest crude oil reserves in the world, operations have come to an almost complete standstill, with drilling facilities falling into disrepair. Maracaibo's citizens are struggling to survive.
Jose Filomeno dos Santos has been accused of making a fraudulent $500 million transaction out of Angola's sovereign wealth fund. The case highlights the endemic cycle of corruption within the oil-dependent country.
It's toxic for the environment and also a huge waste of energy. According to recent studies, the oil industry of Nigeria alone flares off 8 billion cubic metres of gas each year.The gas is a by-product of oil production and could be used as energy. But so far, oil companies have avoided making the necessary investments to do that.