Goldman Sachs revises oil outlook up
May 17, 2016 06:02 am UTC| Commentary
One of the biggest oil bear, Goldman Sachs, which predicted oil price towards $20/barrel (though it wasnt their base case scenario) has revised its outlook up. Main reason behind Goldmans outlook has been unexpected...
End of Naimi’s 20-year reign indicates further power consolidation
May 09, 2016 10:49 am UTC| Commentary Politics
Last weekend saw biggest power consolidation in Saudi Arabia and revealed who exactly are the new power figures in the kingdom. Saudi king Salman appointed new chiefs in several key departments, including countrys most...
Can oil tolerate Iranian barrels hitting markets?
May 02, 2016 08:28 am UTC| Commentary
Oil price surged more than 20% in April and more than 70% since its bottom in January, but now bulls are facing critical challenge in pushing prices higher. Bulls will have to tolerate higher supply in the spot market,...
Oil in Global Economy Series: Rechecking global supply/demand
Apr 28, 2016 07:03 am UTC| Commentary
If you ask any financial market respondent, why oil price dropped more than 60% since 2014? The answer in everyones lips will be Supply Glut, before the get into further details and their perception of the problem. Some...
How Gulf states are coping with the new normal of low oil prices
Apr 27, 2016 08:23 am UTC| Insights & Views
The falling price of oil is beginning to have a real impact on the energy-fuelled economies of the Gulf. In 2014, after almost a decade of record highs, the price of a barrel of Brent crude began to collapse from a peak of...
Oil in Global Economy Series: Can oil price go up if Saudi Arabia has a vision?
Apr 27, 2016 05:58 am UTC| Commentary
Saudi Arabias deputy crown Prince Mohammad bin-Salman, popularly known in short, MbS, released an ambitious plan, Vision 2030 on Monday, which got approved by the cabinets on the same day. And today, is Wednesday, so I am...
Oil price rebound brings some relief for Russia’s macro indicators
Apr 21, 2016 13:36 pm UTC| Commentary
The oil price rebound, strengthening rouble and decreased volatility are bringing some relief for Russias macro indicators. Russias March 2016 output and demand data show clear signs of stabilisation. The fall in...
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