After a brief sluggish period in August 2021, when oil prices reversed the gains made in June and July, by the fall prices regained momentum.
Iraq is a textbook example of the problems of high dependence on a single sector – that is, hydrocarbons. In fact, the Iraqi economy is one of the most oil dependent in the world.
Modern history is peppered with energy shocks, shortages, price spikes and panics.
There is an alternative universe sitting on the northeast shoulder of South America. As the global economy…
Oil prices have come a long way since reaching their lows of April 2020. The rebound has been rapid and impressive; prices are currently similar to those of early 2020, before the outbreak of the Covid-19 pandemic…
Oil consumption, GDP growth, trend of oil intensity – these are not words which sound like the beginning of a good story. And yet, strange things happen sometimes, as you are about to see, and they may happen anywhere: even in energy economics.
In March 2021, a new crude futures contract was launched in Abu Dhabi: Murban futures, traded on the Intercontinental Exchange (ICE)…
Today, many believe that COVID-19 has pressed the green accelerator at the expense of conventional fuels which face a heightened risk of an imminent decline…
When people think of Saudi Arabia, they often think of oil. After all, it is the world’s largest exporter of the resource, and its economy is heavily dependent on oil revenue…
Following the blow dealt to the world by the coronavirus in 2020, one cannot help but hope that 2021 will be better…
We are all tired of being told how dreadful the virus-riven 2020 turned out to be, and it certainly ended for Britain fairly uncomfortably, with Christmas virtually abolished, ports jammed, and British air-travellers barred form fifty countries…
Oil markets remain impressively stable despite enormous uncertainty around how the Covid-19 pandemic will develop and how fast the global economy (and therefore oil demand) will recover…