Oil in Global Economy Series: Watch US energy bonds to assess stress from lower oil price
Jun 22, 2017 08:01 am UTC| Commentary
The oil price has declined to its lowest level in seven months as the market remains concerned of a continued supply glut in the market. After bottoming in July, the oil production in the United States has recovered by 0.9...
Jun 21, 2017 12:49 pm UTC| Insights & Views
OPEC and non-OPEC oil producers compliance with a deal to cut global outputs have reached its highest in May since they agreed on the curbs last year, reaching 106 percent last month, a source familiar with the matter said...
Oil in Global Economy Series: Number of active oil rigs in U.S. rises for 22nd consecutive week
Jun 19, 2017 06:18 am UTC| Commentary
The U.S. oil producers have added rigs in their operations for 22 consecutive weeks, raising concerns that U.S. shale oil producers which were able to cut their production cost dramatically over the past years are now a...
Oil in Global Economy Series: Libyan oil output likely to rise to 1 million barrels by next month
Jun 19, 2017 04:53 am UTC| Commentary
The increasing production in the United States remains as one of the biggest hindrances to oil price recovery, however, an increased production within the OPEC, thanks to Libya and Nigeria also played its part in the...
Jun 16, 2017 10:21 am UTC| Commentary
International Energy Agency (IEA), which monitors energy market for the OECD countries, released its report earlier this week and the report is not a good one for the oil bulls. While IEA cited many reasons for the...
Oil in Global Economy Series: OPEC May deal compliance review
Jun 14, 2017 09:36 am UTC| Commentary
In November last year, when OPEC members agreed to cut production for the first time since the Great Recession, it was welcomed with great optimism and oil price jumped more than 20 percent, from $45 per barrel to as high...
Oil in Global Economy Series: Number of active oil rigs in U.S. rises for 21 straight weeks
Jun 12, 2017 08:29 am UTC| Commentary
The U.S. oil producers have added rigs in their operations for 21 consecutive weeks, raising concerns that U.S. shale oil producers which were able to cut their production cost dramatically over the past years are now 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