Articles on Oil price

Displaying 1 - 20 of 35 articles

High-rise buildings amid shacks in Luanda. President Dos Santo has announced plans to retire amid growing unease among Angolans over deepening poverty despite a recent oil boom. Reuters/Siphiwe Sibeko

Dos Santos maintains the status quo while suggesting change in Angola

Angola's Dos Santos is buying time. His promise to step down is an attempt to diffuse growing political tensions, as repression continues. He might relinquish his position, but not his power.
The Angolan government failed to use revenues when the oil price was high to tackle massive social and economic challenges. Reuters/Siphiwe Sibeko

Why Luanda’s residents are asking: where did all the oil riches go?

As the oil price crisis deepens, Angolans are beginning to ask what actually happened to the glut of oil dollars. Very little has come from the oil boom of 2004-14.
Offshore oil is not just a risk to the environment – if the world gets serious about mitigating climate change, these resources risk becoming stranded assets. Green Fire Productions/Flickr

Big oil’s offshore scramble is risky business all round

Big oil companies are moving to exploit new resources such as the Arctic or the Great Australian Bight. But are they worth the risk?
Australia likely has several decades of coal left in it yet. eyeweed/flickr

Four ways to boost Australia’s economy that can help the climate

Australia likely has decades of fossil fuels left to extract, export and burn. That could prove to be a problem if the world comes to an agreement on climate change. Here's four ways to help the economy, and the climate.
Steady as she goes. Simon Pedersen

Why Norway is not panicking about the oil price collapse

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…
German Chancellor Angela Merkel and French President Francois Hollande are in Kiev to discuss a peace plan. EPA/Roman Pilipey

Why peace in Ukraine won’t save the Russian economy

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…
Saudi workers have been given a pay bonus by their new king, but unless oil prices rebound the country will find itself eating into its US$750 billion sovereign nest egg. EPA/Ali Haider

Black oil, red budgets: how long can Gulf states endure low prices?

In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…
When airlines fill up, it’s not always easy to work out the cost. Patrick Lauke/Flickr

Explainer: fuel hedging and its impact on airlines and airfares

With oil prices on the decline, and analysts predicting record profits for the 2014/15 financial year, Qantas and Virgin Australia are under increasing pressure to abolish fuel surcharges and lower their…

Top contributors