IEA Says Rising Oil Price Risks Derailing Economic Recovery – WSJ.com

Posted by Matt in November 26th, 2009 | no comment

Published in Oil, Crude Prices, Economic Recovery, International Energy Agency, Oil Price, Risk, Smothering, World Oil Demand, Wsj

The International Energy Agency Thursday revised it 2010 world oil demand forecast slightly higher, but warned that rising crude prices, if sustained, risk smothering the fragile economic recovery underway.
IEA Says Rising Oil Price Risks Derailing Economic Recovery – WSJ.com

Oil – Hope and anxiety

Posted by Matt in June 4th, 2009 | no comment

Published in Economy, Oil, Anxiety, Barrel Oil, Brazil, China, Decades, Dollar, Downturn, Economic News, Economists, Emerging Economies, Global Supply, India, Norm, Oil Price, Oil Prices, Seven Months

THE price of a barrel oil went past $68 during the day on Monday June 1st, the highest level in seven months. Although this remains less than half the peak of last July, prices are likely to remain above the norm of the past few decades, lifted with every bit of cheery economic news and [...]

The outlook for the oil price – bust and boom

Posted by Matt in May 29th, 2009 | no comment

Published in Oil, Boom And Bust, Bust Cycle, Commodities, Commodity, Emerging Markets, Extractive Industries, Global Recession, Inventories, Oil Boom, Oil Price, Outlook, Supercycle, World Economy

As soon as the world economy starts growing again, the theory runs, demand for oil will once again outstrip the industry’s ability to supply it. The seemingly ample cushion of inventories and spare capacity will quickly be exhausted, sending prices soaring. In other words, the global recession has only interrupted the “supercycle” of which many [...]

IS PUTIN PUSHING RUSSIA OFF A FINANCIAL CLIFF?

Posted by Matt in February 26th, 2009 | no comment

Published in Economy, Russia, Big Spender, Dependence, Economic Burdens, Energy Exports, Eurasia Insight, Finance Minister, Financial Crisis, Financial Crunch, Global Financial Crisis, Insight Archive, kremlin, moscow, Oil Price, Outlays, Russia, Russian Government Officials, Russian Oil, State Budget, State Expenditures, State Planners, State Revenue, Time Finance

The Kremlin has been behaving like a big spender, even though Russia is among the countries hardest hit by the global financial crunch. [For background see the Eurasia Insight archive]. And the news just keeps getting grimmer for Moscow. Indeed, Russian government officials recently reported that the state budget is starting to groan under the [...]

Double, oil and trouble

Posted by Matt in May 23rd, 2008 | no comment

Published in Oil, American Oil, Brazil, Cambridge Associates, Cambridge Energy Research Associates, Double Trouble, Economist, Economy, Energy Information Administration, Energy Research, International Energy Agency, Libya Oil, Oil Inventories, Oil Minister, Oil Price, Paris, Price Of Grain, Price Of Oil, Scandal, Senate Judiciary Committee, Senator Joe Liberman, Shokri Ghanem, Speculators, Unexpected Fall, Viewswire

THE price of oil may soon hit $200 a barrel—or so, at any rate, believes Shokri Ghanem, Libya’s oil minister. A few years ago such a prediction would have seemed absurd. But the price has doubled in the past year and has risen by 40% this year alone. It touched yet another record, of over [...]

Trouble in the pipeline

Posted by Matt in May 8th, 2008 | no comment

Published in Oil, Russia, Disruptions, iraq, LOST, Nigeria, Oil Industry In Russia, Oil Price, Pipeline, Pipelines, Price Of Oil, Saudi-Arabia, Turmoil

Russia’s oil industry
WHEN the price of oil reached another record on May 6th, of over $122 a barrel, analysts pointed to attacks on pipelines in Nigeria and turmoil in Iraq as the immediate causes. Even small disruptions to supplies from such places can cause the price to jump, since only Saudi Arabia has the capacity [...]