The US may well be oil’s “new kid on the block,” according to the International Energy Agency’s six-year oil outlook — but that doesn’t mean the importance of Russia and Saudi Arabia, in particular, as the dominant exporters will diminish.
March 06, 2018
These have been a busy 10 days in the world of Brexit, a crescendo building to the British Prime Minister Theresa May’s long-awaited speech on March 2.
March 04, 2018
On Thursday, Donald Trump announced tariffs on steel of 25 percent and 10 percent on aluminum. This had been some time coming. Trump and his trade representative Wilbur Ross complained about Chinese steel and aluminum overcapacity and low prices last week.
March 03, 2018
Next weekend will see an important watershed in European politics, as the results of vital votes in Italy and Germany are expected on March 4.
February 25, 2018
The “supply enthusiasts” have great faith in the US’s ability to grow production significantly over the next decade. Dan Brouillette, US deputy energy secretary, told IP Week that the US was in the middle of “a historic energy revolution” — aiming to become a net exporter of oil within 10 years.
February 21, 2018
US Secretary of State Rex Tillerson has visited Ankara to see how much of the fraught Turkish relationships with the US and NATO he could salvage. He held difficult talks and seems to have diffused the tension a bit — at least for now.
February 19, 2018
UK Foreign Secretary Boris Johnson this week gave a much-anticipated Brexit speech. It was part of a charm offensive by the UK government aimed at trying to explain its position on its EU departure. Other ministerial addresses will follow over the course of the next two weeks.
February 15, 2018
The last two weeks have seen turmoil in the markets, which have also not been kind to oil. The price of Brent fell by 8.5 percent, while US West Texas Intermediate (WTI) dropped a whopping 9.5 percent. This was the biggest weekly decline since early 2016.
February 13, 2018
It all looked so good when the year started. Global stock markets were going gangbusters. The IMF talked of growth of 3.9 percent with all regions growing simultaneously for the first time since the financial crisis.
February 12, 2018
If you lived in Germany or a neighboring German-speaking country, there was no escaping the drama. For the last four-and-a-half months, talk shows have done little else but debate the travails of building a government in Europe’s largest economy.
February 07, 2018