Over-reliance on sanctions and economic warfare measures have led to strategic complacency and the avoidance of negotiations on the part of the western governments.
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Articles on Oil prices
Displaying 21 - 40 of 74 articles
Price shocks are a feature of the global oil market, not a bug – and even when governments take many steps to grow supply or reduce demand, it can be years before prices ease.
Every time Alberta’s energy-based economy goes into a tailspin, it’s because the price of oil has declined precipitously, and when it booms, it’s because the price has soared.
Proposals to cut Australia’s fuel excise will prolong an already alarming dependence on oil-based imports and undermine policies to shift the nation away from fossil fuels.
Despite limited direct economic ties, Russia’s invasion of Ukraine has important consequences for Australians too.
Australia may not import crude oil or petrol from Russia. But the world oil market behaves as one great pool.
Nigeria’s post COVID-19 economic recovery plan has resulted in only marginal improvements in economic growth, manufacturing and foreign direct investment.
How the cost of what we eat rises and falls.
Newfoundland and Labrador’s offshore oil and gas industry is the province’s largest contributor to the economy and will be critically important to its future.
The federal government is spending $94 million to buy cheap oil. Instead, Australia should use the money to manufacture our own energy.
Helium plays an important role in breathing devices and it mostly comes as a by-product of petroleum production.
Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. The province’s oil industry will struggle to recover.
The BP Deepwater Horizon blowout on April 20, 2010 triggered the largest offshore oil spill in history. Ten years later, post-spill reforms are being undone and the Gulf of Mexico remains vulnerable.
The US is gradually shifting to lower-carbon energy sources, but the COVID-19 pandemic, an oil price crash and a likely recession are big speed bumps.
COVID-19 is a huge challenge for the whole world, and Canadian oil producers, already suffering from long-term market trends, will be particularly badly hit.
Tensions between Iran and the US have spiked, but oil prices have barely budged. Why not? And is the oil markets’ muted response an accurate reflection of the rising tensions?
To make sense of the Soleimani assassination, you need to look at the global economics of oil.
A fifth of the world’s oil travels through the narrow waterway.
Drivers buy less gas when filling the tank burns holes in their wallets.
Vladimir Putin may well have something on Donald Trump. But their close ties could also be about oil prices and Trump’s efforts to get Russia to ends it alliance with China.
Top contributors
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Lecturer, Jackson School of International Studies, University of Washington
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Professor Emeritus of Economics, McMaster University
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Honorary Fellow, The University of Queensland
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Fellow, University of Surrey
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Professor and Head, School of Business, Monash University
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Energy Economist, University of Surrey
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Departmental Visitor, Centre for Arab and Islamic Studies, Australian National University
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Lecturer in Security Studies, Macquarie University
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Professor of Sustainability, Curtin University
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Senior Lecturer, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Adjunct Senior Research Fellow, Business Law and Taxation Dept, Monash Business School, Monash University
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Professor in Transport and Supply Chain Management and Deputy Director, Institute of Transport and Logistics Studies (ITLS), University of Sydney Business School, University of Sydney
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Associate Professor of Accounting, University of Nottingham
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Professor of Energy Policy, SPRU, University of Sussex Business School, University of Sussex
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Senior Lecturer in International Relations, Discipline of Politics & International Relations, Macquarie School of Social Sciences, Macquarie University
