Oil price toward new highs, bad news for Central Bankers
When oil surged above $90 a barrel a few days ago, observers attributed it to military tensions between Israel and Iran. However, the underlying reasons...
Tag: oil price
American producers major beneficiaries of sanctions on Russian oil
The United States is the primary beneficiary of sanctions on Russian and Venezuelan oil. American oil exports have set five new monthly records since Western...
OPEC+ extends oil supply cuts
OPEC+ has extended its oil supply cuts until mid-year to avoid a global surplus and support prices. The restrictions, totalling around 2 million barrels per...
The crisis in the Middle East: a risk to the global economy?
Like past wars in the Middle East, the conflict between Israel and Hamas that erupted last week could potentially disrupt the global economy and even...
Saudi Arabia: The Biggest Winner in the Middle East Crisis
The Hamas attack on Israel, which derailed the main diplomatic initiative of Saudi Crown Prince Mohammed bin Salman, a three-way agreement involving the United States...
Oil and the Dollar, a Dangerous Mix for Global Growth
Can the global economy withstand a $100 per barrel oil price next year? Because a triple-digit price wouldn’t just mean higher energy prices but also...
Oil above one hundred dollars, a new normal for the West?
In the oil world, there is not a single price. The financial market focuses on Brent and WTI, traded in London and New York, respectively....
Saudi crude oil exports are in freefall
Crude oil exports have sharply declined in August as the kingdom leads the efforts of the OPEC+ alliance to reduce production and support oil prices....
OPEP+ decision: are we back in the 70s?
OPEC+ has announced a surprise cut in oil production of more than one million barrels per day, abandoning previous assurances that it would maintain stable...