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.
Many predicted Russia’s currency would just keep plunging, but it hasn’t.
Josh Frydenberg says halving the fuel excise will save a family with two cars $700. Our calculations show for most households it will be less.
Enormous price rises beyond Australia’s control are cutting our standard of living. Cutting it further by rising rates won’t help.
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
A prolonged Russian-Ukraine conflict will cause further economic troubles for Ghana.
Most of the emphasis has been on the threat to Europe’s gas needs, but if Russian crude oil is restricted, it will cause even greater problems.
Extreme weather is already having an influence on global food prices.
Crude is key to inflation. Here’s why has it been going up so much.
Gulf states have given women great education, but they are still very limited participants in the workplace.
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.
Investors who think oil is a good long-term bet should read this first.
So low has the demand for oil sunk that the US is running out of places to store it.
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?
Recent pipeline explosions have brought the problem of Mexico’s black market for oil into tragic relief.
Venezuela’s Petro cryptocurrency is a clever way to raise money by getting around international sanctions against the country.
Angola’s president-elect, João Lourenço, has a reputation for relative probity. But, he’s unlikely to rock the boat as Eduardo dos Santos remains party chairman.
When the price collapsed, the world’s most disastrously oil-dependent state was the biggest casualty.