Oil | Economist Global

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London

May 16, 2024

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20
Dec

How Will US Enforcement Impact Russian Oil Exports?

Shane Goldman / 5 months
0
2 min read

In a significant move, the United States is ramping up efforts to enforce the cap on Russian oil exports. This decision comes in response to concerns and recent market trends. Background Last year, a cap of $60 per barrel was imposed on Russian oil exports to prevent excessive exports of cheap oil. Since October, the […]

18
Dec

Could Red Sea Security Alarms Disrupt Oil Supplies?

Shane Goldman / 5 months
0
6 min read

In this article, we’ll delve into the recent developments in the oil industry, specifically focusing on the escalating tensions in the Red Sea region and how they are impacting oil prices and shipping routes. We’ll explore the decisions made by major oil companies and tanker owners to divert their vessels away from this critical route. […]

14
Dec

Will Oil Continue to Climb as the Fed Shifts Its Focus?

Gus Richards / 5 months
0
4 min read

In the ever-fluctuating world of commodities, oil has recently made a notable rebound from a five-month low. This resurgence can be attributed to the weakening of the U.S. dollar, which has followed the clearest indication yet that the U.S. Federal Reserve’s aggressive campaign of interest rate hikes is now in the rearview mirror. A Strong […]

30
Oct

Oil Prices Soar: World Bank Sounds Alarm Amid Middle East Turmoil

Gus Richards / 7 months
0
5 min read

In recent days, the world has been watching with growing concern as tensions escalate in the Middle East due to the conflict between Israel and Hamas. Amidst this turmoil, the World Bank has issued a stark warning: oil prices could skyrocket to a record-breaking $150 per barrel if this conflict expands beyond Gaza’s borders. This […]

28
Sep

Energy & Utilities Unveiled: Market Talk in Focus

Shane Goldman / 8 months
0
5 min read

In today’s fast-paced global economy, the energy and utilities sector remains a critical player, with its dynamics heavily influenced by various factors. Join us as we delve into the latest developments and market insights that are shaping the energy and utilities landscape. In this comprehensive roundup, we will explore key topics ranging from oil prices […]

15
Sep

BP In Turmoil: CEO Bernard Looney’s Exit. What Happens Next?

Gus Richards / 8 months
0
3 min read

The unexpected resignation of BP Plc’s Chief Executive Officer, Bernard Looney, has left the energy giant in disarray, with a series of unresolved issues. This article delves into the recent events, the implications for BP, and the questions that remain unanswered. CEO’s Shock Resignation On a Tuesday that took the industry by surprise, Looney announced […]

28
Aug

Oil Giant’s Carbon Capture Triumph

Gus Richards / 9 months
0
7 min read

In the rapidly changing landscape of energy and environmental concerns, the once-improbable scenario of an oil giant leading the charge in carbon capture initiatives has become a reality. Occidental Petroleum Corp., under the visionary leadership of Vicki Hollub, has embarked on an ambitious journey to shape the future of fossil fuels and climate mitigation. The […]

11
Aug

Electric Car Growth to Impact 2024 Oil Demand

Shane Goldman / 9 months
3
5 min read

Growth forecasts for global oil demand next year have been downgraded as the post-pandemic recovery stalls just as the electric vehicle (EV) market experiences a surge. The International Energy Agency (IEA) recently announced a revision in its projections, indicating that the demand for oil is expected to rise by only one million barrels per day […]

31
Jul

Energy Independence: UK’s North Sea Licenses

Shane Goldman / 10 months
4
5 min read

In a move to bolster its energy independence, Britain has committed to granting hundreds of licenses for North Sea oil and gas extraction, which has drawn both praise and criticism. Prime Minister Rishi Sunak has confirmed plans for more than 100 licenses that received bids earlier this year, and he also hinted at the potential […]

31
Jul

Oil Prices Surge: Record Monthly Gains

Gus Richards / 10 months
0
5 min read

Oil is experiencing a remarkable resurgence, poised to achieve its most substantial monthly gain since early 2022. This article delves into the factors driving this surge in oil prices, the implications for the global economy, and the decisions made by major oil-producing nations to address the situation. Introduction The oil market is one of the […]

How Will US Enforcement Impact Russian Oil Exports?

Could Red Sea Security Alarms Disrupt Oil Supplies?

Will Oil Continue to Climb as the Fed Shifts Its Focus?

Oil Prices Soar: World Bank Sounds Alarm Amid Middle East Turmoil

Energy & Utilities Unveiled: Market Talk in Focus

BP In Turmoil: CEO Bernard Looney’s Exit. What Happens Next?

Oil Giant’s Carbon Capture Triumph

Electric Car Growth to Impact 2024 Oil Demand

Energy Independence: UK’s North Sea Licenses

Oil Prices Surge: Record Monthly Gains

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