The Obama administration announced the intention to restore diplomatic relations with Cuba the same week that Congress approved sanctions against Venezuela for human rights violations. The timing was coincidental…
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Articles on Oil
Displaying 281 - 300 of 333 articles
Oil prices have now almost halved in six months to below $60/barrel thanks to OPEC’s refusal to cut production. This means all the member countries are revising their government spending policies. While…
This week we have witnessed a plunge in the price of oil and the astonishing demise of the ruble. These events provide the basis for a great series of conspiracy theories, the type that readily find an…
Not too long ago, cynics were wondering if David Cameron’s fears over the global economy were a ploy to shift blame for any flaws in the UK’s performance as we near the May 2015 general election. However…
The European Union might just have made a historically important statement of intent, aimed at laying the foundations to boost investment in the EU as a driver of full recovery and long-term growth. That’s…
A common topic of discussion in Iran is oil and the mixed blessing it represents. The country’s recent history has been intertwined with that of international oil politics since 1908, when William Knox…
The dramatic and unexpected 20% fall in oil prices since mid-June has caused alarm in Scotland, the UK and indeed worldwide. Why did oil prices slump to a four-year low of US$84 (£52) per barrel this week…
The difference between the seething realm of Islamic State (IS) and the relatively safe and democratic region of Iraqi Kurdistan is a stark one. Assuming that the combined humanitarian and military reinforcements…
After the terrorist attacks of 9/11, the US made a point of diversifying its sources of oil to reduce dependence on the Middle East. It was a strategic move which promised a huge boost to West African…
In recent months, Iranian and foreign media have been abuzz with reports that a new generation of petroleum contracts aimed at foreign investors will be unveiled by the Iranian Oil Ministry later this…
The suspension of governor Lamido Sanusi from the helm of the Central Bank of Nigeria (CBN) is important, and not just for for analysts of future Nigerian monetary and exchange policies. Sanusi’s case…
Despite the arguments that once raged and the considerable volumes written to advocate certain viewpoints and disparage others, interest in peak oil is at an all time low. Indeed some commentators have…
Australia’s cost of living is among the highest in the world, despite our low inflation rate. In this series we explore what consumers can expect from the big ticket items - petrol, power and groceries…
The US is in the midst of an oil boom. Shale gas has grabbed much attention, and rightly so. But it is shale oil (a light, crude oil found in shale or tight sandstone, and also known also as tight oil…
For decades the UK has been accustomed to filling its coffers with the bounty from North Sea oil and gas, and the jobs and tax receipts it has brought. At one time exports helped balance the books and…
A recent article in the Wall Street Journal (WSJ) reported: The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding…
If anything good is to come from the devastation caused by the Deepwater Horizon oil spill in the Gulf of Mexico and Australia’s Montara oil and gas leak the year before, it is that we learn from our mistakes…
As intense negotiations between Moscow and Washington draw to a close, the Chinese Government will be heaving a sigh of relief that diplomacy seems to have triumphed over the use of force in Syria. China’s…
You might have heard that peak oil - the theory that one day crude oil production will stop increasing, even as demand grows - is dead. Shale oil production is surging in the US. The premiere peak oil…
Prospective US and UK military action in Syria has created jitters in the financial and commodities markets around the world. Stock markets have experienced significant losses, whereas commodities and…
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