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
Read MoreCAMBRIDGE – 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
Read MoreCAMBRIDGE – 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
Read MoreWith 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
Read MoreAs U.S. shale and Canadian oil sands companies continued to pump out crude, Saudi Arabia let its taps flow and the subsequent plunge in the oil price threw a wrench in their rivals production plans In the high-stakes contest between the United States, the biggest shale oil producer, and Saudi Arabia, the biggest oil exporter, America has blinked first. The OPEC refusal to cut
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