Oil exporters have had a tough year … but there is hope for economic reform via the Islamic bond market.
A billboard campaigning against crude oil theft. Nigeria is under pressure from falling oil prices and China’s economic slowdown.
Reuters/Akintunde Akinleye
It’s been done before but tapping the Strategic Petroleum Reserve – particularly when prices for oil are low – isn’t the best way to fund the Highway Trust Fund.
The drop in oil has not sparked the nadir of green energy.
David Clarke/flickr
Contrary to economic theory, data shows that the latest drop in energy prices does not undermine investment in renewable energy.
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
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…
The drop in oil prices, and consequently fuel costs, is driving down inflation and helping the Australian economy.
Andy Rain/EPA/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
When airlines fill up, it’s not always easy to work out the cost.
Patrick Lauke/Flickr
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…
Volatility in the oil and gas markets is not being matched in the wider indexes.
Flickr/arbyreed
Financial markets are certainly experiencing considerable turbulence at present, with a six year low in oil prices weighing on international exchanges and the value of Australia’s energy industry falling…
Oil prices have dropped to levels not seen in years. It’s not all good news.
Reuters
The recent drop in crude oil and gasoline prices in the United States is a nice stocking stuffer for consumers this holiday season, but it could turn into a lump of coal. A global oil glut has caused the…
The rouble continues to slide against the US dollar and euro.
EPA/Yuri Kochetkov
Since the summer, the global price of oil has plummeted. After hovering above the US$100 per barrel level since 2010, prices have declined by around 40% in the space of just a few months. Brent crude has…
At the recent OPEC meeting Saudi Arabia argued for oil production levels to remain stable.
www.shutterstock.com
As at early December, the international price of crude oil is around US$70 a barrel, depending on grade. Over the last six months, oil prices have slumped by 30% and crude oil is now at its lowest level…
Wrinkles in the EU plan to drive innovation?
Giampaolo Squarcina
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…
Smoke pours from the Baiji oil refinery, the largest in Iraq, by some reports under the control of ISIS forces.
EPA/STR
The mid-June penetration of northwestern Iraq by the extreme Islamist movement ISIS has prompted major concerns about the world’s oil supply and energy security. The group’s incursion threatens Iraq’s…
Baiji oil refinery in northern Iraq under attack.
STR
David Elmes, Warwick Business School, University of Warwick
Recent tensions progressing to conflict in Iraq have raised concerns that world prices for oil will rise after a period of relative price stability that’s masked significant changes in supplies. Conflict…
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
Senior Lecturer in International Relations, Discipline of Politics & International Relations, Macquarie School of Social Sciences, Macquarie University