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Economic Research Council

Britain's Oldest Economic Think Tank

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The Economic Research Council, Britain’s oldest economics-based think tank, is dedicated to extending the reach of economic education, debate and leadership. In support of this, the ERC raises the profile of economic conversations; we host events to cultivate wider accessibility, inclusion and civic participation.

Historical GDP of African OPEC Nations vs Oil Price

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2 million barrels of oil are extracted in the Niger Delta – costing $28.99 to extract each barrel of oil in Nigeria. This is significantly lower than the North Sea oil (at $44.33) but over three times more expensive than in Saudi Arabia (at $8.98)…