OPEC deal unlikely to boost oil prices in 2017 - Fitch
Dec 02, 2016 14:54 pm UTC| Commentary
Ratings agency Fitch cheered the OPEC deal but at the same time warned that it may not cause a major lift to oil prices. The agency said that prices are unlikely to move much higher than they are now, expecting them to...
The Rise and Fall of oil in popular culture
Dec 01, 2016 20:22 pm UTC| Entertainment
Oils pipelines now supply energy to every conceivable part of our personal and professional lives. Oil can take us practically anywhere on earth. Its social and cultural significance cannot be overstated since it fuels...
Oil in Global Economy Series: OPEC schedule and sticking points
Nov 30, 2016 09:41 am UTC| Commentary
OPEC members are about to start the much-awaited meeting in Vienna to discuss the production freeze deal that could see OPEC production cut by as much as 1.2 million barrels per day. The scheduled is below, OPEC...
Nov 30, 2016 06:36 am UTC| Commentary
The OPEC leaders are scheduled to hold ameeting in Vienna today, where the 14-member cartel is widely expected to deliver a deal that would see production cuts from the cartel for the first time since the Great Recession...
Vladimir Putin weighs on OPEC deal
Nov 29, 2016 10:45 am UTC| Commentary
After OPECs de-facto leader and its largest producer Saudi Arabia canceled a meeting with non-OPEC producers including Russia on Monday, and reportedly revealed its negotiating position to the world, Russian President...
Oil in Global Economy Series: Checking viability of a deal after Saudi Arabia's position
Nov 29, 2016 09:11 am UTC| Commentary
Yesterday, reports came out that Saudi Arabia is going to take a hard stance in the Upcoming meeting with the members of the OPEC on November 30th. It is said that Saudi Arabia would offer to cut 4.5 percent of its current...
Nov 28, 2016 10:45 am UTC| Commentary
According to a report by Financial Times, which cited two unnamed officials Saudi Arabia has set the bar high for upcoming negotiations. After it declined to join a non-OPEC meeting with Russia and Kazakhstan saying that a...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight