The oil market never fails to find reasons for its volatility. The failure of the April 17 Doha meeting between Opec and non-Opec producers to freeze production at January 2016 levels immediately sent oil prices sharply down. However, the market just as quickly moved upward on supply outages, especially due to the oil workers’ strike in Kuwait, which was reported to remove 1.3
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Download PDF Tariq Shafiq- Researched Highlight of the Oil Matrket Generally speaking, oil prices go up when the global economy is robust, world demand is rising, suppliers are pumping at maximum levels, and little stored or surplus capacity is on hand. They tend to fall when, as now, the global economy is stagnant or slipping, energy demand is tepid, key suppliers fail to rei
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CAMBRIDGE – One of the biggest economic surprises of 2015 is that the stunning drop in global oil prices did not deliver a bigger boost to global growth. Despite the collapse in prices, from over $115 per barrel in June 2014 to $45 at the end of November 2015, most macroeconomic models suggest that the impact on global growth has been less than expected – perhaps 0.5% of global
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CAMBRIDGE – Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes, excessive attention to formal techniques, and failure to predict major economic developments such
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With the skyrocketing growth of unconventional oil and natural gas production in the U.S., an intense debate on the impact of energy exports on U.S. consumers, the nation’s energy and economic security and foreign policy has become a major topic of interest. Throughout its history, the United States has attempted to ensure energy security by regulating the price of oil, control
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