applied know how
So who are the big winners on the swings and losers on the roundabouts of the current oil price declines- the only local swings/roundabouts trade off is in Malaysia where the loss in oil export revenue will be partly offset by a reduction in petrol and fuel oil subsidies.
Obviously buyers are winners and sellers are losers, but what’s the annualized impact as a percentage of a countries GDP?… Read more
The world is in the grip of a new oil shock. The shock is that prices have been collapsing.
Last week crude oil dipped briefly below US$70 a barrel. That’s about one-third cheaper than in June 2014. Prices are back at levels not seen since September 2010, when demand was still in a post-financial crisis slump.
The big reason often quoted now is that US production is going through the roof.… Read more