Oil

Displaying 1 - 20 of 64 articles

Increased oil and gas revenues amid lifted sanctions are set to raise Iran’s economic fortunes, which ease Middle Eastern tensions. EPA/Abedin Taherkenareh/AAP Image

Energy and economic diplomacy can trump the nuclear ‘threat’ of the Iran deal

Opponents of the Iran nuclear deal say it raises the nuclear weapons threat in the region. But Middle East tensions are actually likely to ease as Iran grows richer without being shackled by sanctions.
Iraqi troops training with the US Army June 2015. US Army/Reuters

The politics of paralysis: What the Fed and Iraq have in common

On the face of it, Iraq and the US Federal Reserve share little. One is a country plagued by division, war and mayhem since the US invasion of 2003. It is a brutal world where there are no friends, few…
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…
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…
Curtis is one of few BBC film-makers given great artistic freedom. Steve Rhodes

Bitter Lake: Adam Curtis is both self-indulgent and fascinating

Most broadcasters – especially those who work at the BBC – must produce their programmes to conform to strict guidelines. They must be within five seconds of the required length, they must comply with…
Did the Saudis and the Americans do a deal over oil in 2008-09? solkanar

Oil crash: is this the end of a long period of inflated prices?

What on earth is going on in the oil market? Does the recent 60% collapse in oil prices in six months really reflect shifts in underlying supply and demand for crude oil? I’m afraid not, as I have been…
Prices of gas are approaching $2 a gallon. Does that make it a good time to raise the gas tax? Kevin Lamarque/Reuters

Why hiking the US gasoline tax is back on the table

It is well known that the US has a major infrastructure problem with our national highway system. Many of our bridges are in a very poor state of repair and highway maintenance is not keeping up with needs…
US and Venezuela meet in Brazil Reuters photographer

The US-Venezuela-Cuba triangle

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…
The sands of time will turn against the desert oil states. iceink

Oil prices: eventually the Gulf states will run out of power

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…
What doll would you choose? Brandt Luke Zorn

Putin, oil, the ruble and the Russian doll

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…
Wrinkles in the EU plan to drive innovation? Giampaolo Squarcina

Europe’s bid for investment could be bad news for big oil

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…
Is trouble brewing in the North Sea? Jo Christian Oterhals

Why an $80 barrel of oil is bad

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…
Is the sun setting on West African oil? A platform in Limbe, Cameroon. VirginieVV

US fracking boom puts West African oil economies at risk

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…

Top contributors

More