Articles on oil prices

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A billboard campaigning against crude oil theft. Nigeria is under pressure from falling oil prices and China’s economic slowdown. Reuters/Akintunde Akinleye

What Nigeria can do to weather low oil prices and slow economic growth

How should Nigeria weather yet another episode of oil price shock? This time it's likely to be worsened by two events of significant global effect.
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…
The drop in oil prices, and consequently fuel costs, is driving down inflation and helping the Australian economy. Andy Rain/EPA/AAP

Interest rates decision could boil down to oil: RBA Shadow Board

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

Explainer: fuel hedging and its impact on airlines and airfares

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

Don’t panic: what you need to know about oil price volatility

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

Oil price drop offers short-term gains but long-term pains

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…
At the recent OPEC meeting Saudi Arabia argued for oil production levels to remain stable. www.shutterstock.com

Oil prices fall as economics trumps geopolitics

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

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…
Smoke pours from the Baiji oil refinery, the largest in Iraq, by some reports under the control of ISIS forces. EPA/STR

Iraq crisis threatens global oil supplies and a stable Middle East

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…

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