Global Update Preview: Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
News on places you can follow.
The New York Times
Your Places: Global Update

May 3, 2025, 2:06 p.m. Eastern time

This is a preview of our Your Places: Global Update email, which provides you with all the latest coverage on the countries, regions or other areas you select. To get started, pick the places you’d like to follow.

News on places you can follow

People seated at a table play board games under a sky lit by gas flares from oil wells.

Oil Prices Are Falling. Here’s Where That Could Spell Trouble.

For countries that depend heavily on oil revenue, dropping prices are worrisome.

Places mentioned: West Africa

Ghana Wanted a Cathedral. It Got an ‘Expensive Hole’ Instead.

The nation had grand plans for a national cathedral designed by a celebrity architect. The $400 million project became a political battleground.

Places mentioned: West Africa

Car Prices Expected to Rise as Tariffs on Parts Kick In

Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.

Places mentioned: Mexico

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