The Israel-Hamas war has had little effect on the price of oil so far because neither Israel nor the Gaza Strip produces much oil. If oil exporters got involved, things might change.
Inflation has hit 6.1%, and the rate of inflation on necessities is 7.6%. Bringing it down will require still higher interest rates and exquisite judgement in order to avoid a recession.
The shock waves from Russia’s invasion of Ukraine rippling through world energy, food and trade supply lines are profound, but not big enough to split the global economy
While some stereotype Alberta as a “conservative” province, the bucking and swift horses that typify the Calgary Stampede speak to a more complex spirit of risk seen in local musicians.
Has the world entered an era of ultra-low prices? An energy scholar argues that a long period of low oil prices will set the U.S. – and globe – back on the economy and the environment.
Indonesia, which has the world’s largest Muslim population, is expected to face no political impacts from US-Iran conflict due to Indonesia’s minimal involvement in the region.
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?
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