Alongside the global economic outlook, Russian supply and Chinese demand are contributing to ‘a cocktail of uncertainty’ for oil prices.
Russia tried to weaponize energy to keep European nations from opposing its war in Ukraine, but the real pain from Putin’s actions and Western sanctions has been felt far from Europe.
Government attempts to manage energy prices could actually create more volatility in oil and gas markets.
The impact of oil sanctions on Russia is limited compared to the severe repercussions they have on the global economy and other countries’ abilities to achieve energy security and transition.
A G-7 strategy to cap Russia’s oil prices and continue to weaken that economy is intended to halt the war in Ukraine. Could it work?
The key to reducing green hydrogen costs in the future lies mainly in technological improvements.
With global oil prices falling, the end of the fuel excise discount will put Australian motorists back in familiar price territory.
If the fuel excise cut is not extended, average petrol prices in Australia will almost certainly return to the above $2 territory by early October. But a different solution is needed.
Hopes that prices will ease are probably wishful thinking.
Asked how high an inflation rate Australia should prepare to tolerate, three of the 48 economists nominated 8% or higher. Seven expected inflation to fall without the need for further action.
Joe Biden is set to make his first visit as president to the Middle East, during which he will meet the Saudi crown prince the US accuses of ordering the murder of a journalist.
We asked four experts to explain what gas taxes are used for and whether waiving them will make much of a difference to American households.
The underlying reason for the price increases is the acceleration in the international price of crude oil, linked to the Russian war in the Ukraine.
A digest of the week’s coverage of the war against Ukraine.
Electric cars are important - but we can now electrify all land-based transport, from buses to bikes to trucks. We need good policy settings.
The total release could reach 180 million barrels over six months, which would make it the biggest in the history of the Strategic Petroleum Reserve.
Oil is used throughout the US economy. It goes into packaging, toys, clothing and especially the food we eat.
The Russian invasion of Ukraine will have global impacts far beyond the region directly involved in the fighting. Food prices will increase, and the effects will be felt by the most vulnerable.
Over-reliance on sanctions and economic warfare measures have led to strategic complacency and the avoidance of negotiations on the part of the western governments.
Price shocks are a feature of the global oil market, not a bug – and even when governments take many steps to grow supply or reduce demand, it can be years before prices ease.