Michael Rothman is the president and founder of Cornerstone Analytics, a US-based consultancy focusing on macro-energy research. He has nearly 40 years of experience covering the global energy markets and has been attending OPEC meetings since 1986.
How close is the current oil market to the 1970s crude crisis?
We’ve been asked if the current oil market is similar to that of the 1970s oil price crisis. While some similarities exist, we find that the differences are far more significant, particularly when thinking about the medium-term outlook.
Oil prices are far from levels that threaten global growth
Brent crude moved back above $110 per barrel last week, which prompted questions about whether current oil prices pose a threat to the global economy. The short answer is no.
When it comes to energy, hope is never a strategy
The myth of US shale crude
Will spring thaws offer relief from a European embargo on Russian oil?
The short answer to the above question is, not at all, but we will circle back to that.
Do concerns over a fragile world economy outweigh oil supply fears?
Though not the end-all-be-all for gauging the broader market, the S&P 500 is down 10.4 percent since the start of the year, while the S&P Energy Index is up 37.2 percent.
Emergency oil stockpile sales are like throwing deckchairs off the Titanic
The OPEC+ group’s caution about the pace of the unwinding of quotas was on show again at last week’s videoconference meeting.
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