Angela Merkel and Francois Hollande’s push for peace in Moscow has helped fuel optimism about the prospects for Russia’s spluttering economy. On the morning of the meeting, the rouble had strengthened…
Alongside the global economic outlook, Russian supply and Chinese demand are contributing to ‘a cocktail of uncertainty’ for oil prices.
Whereas oil producers like Saudi and the UAE are spending heavily to diversify away from carbon, the same can’t be said of many other Opec members.
Most of the emphasis has been on the threat to Europe’s gas needs, but if Russian crude oil is restricted, it will cause even greater problems.
What on earth is going on in the oil market? Does the recent 60% collapse in oil prices in six months really reflect shifts in underlying supply and demand for crude oil? I’m afraid not, as I have been…
The US president appears to have made an abrupt about-turn in US policy towards Russia and the Ukraine war.
An initial squeeze on demand for Russian oil due to western sanctions was temporary but the country’s oil industry might have bigger problems.
Norway’s petroleum sector is its most important industry. The petroleum sector accounts for 21.5% of its GDP, and almost half (48.9%) of total exports. In 2013 Norway was ranked the 15th-largest oil producer…
Oil exporters have made hay with high prices, but their environments have borne the costs.
Gulf states such as Saudi Arabia and Qatar are beginning the painful process of restructuring their economies away from oil dependence.
