THE strong performance of the world’s economy is finallyfiltering intocommodity prices. Last year will probably turn out to have been the first year since 2010 in which growth accelerated in each of America, Europe, China and Japan. AndBrent crude oil(布伦特原油), copper and aBloomberg compos...
WEREN’T PRICES SUPPOSED TO FALL? After oil and gas prices spiked in the fall, people had good reason to hope that prices would come down. President Joe Biden took action in November to try to suppress rising energy prices by announcing that the U.S. and other nations would release oi...
″[The fall in oil prices] more likely reflects a combination of some speculative froth being blown off, alongside fears of weaker China demand as more Chinese cities are put into lockdown amid record high Covid case numbers — as tiny as these are relative to most other parts of the w...
However, that is precisely why oil prices are falling now—and will likely continue to fall in the coming months to as low as $50 per barrel! On Thursday, in its weekly inventory report, the U.S. Department of Energy reported that oil production in the United States rose to its highest...
Two, the so-called "international oil price" is not monolithic. The crude oil prices of several crude oil trading markets are also separated. The tracking system of the domestic oil pricing mechanism excludes New York, and the reaction to the so-called "international oil price" is obviously ...
The costs of producing commodities continue to rise, as a result of diminishing returns, so this fall in prices is clearly a problem. Low prices make future production unprofitable; it also leads to an increasing number of debt defaults. There are many examples of companies in financial difficul...
of around $300,000 per day. Now, the fear factor has been contained. Charterers of very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude) have said “enough” and are holding firm against sky-high prices. Rates, while still very high, are rapidly falling back...
We have all heard at least a partial explanation as to why West Texas Intermediate (WTI) and Brent prices are so far apart. We have been told that the Midwest is oversupplied because of all of the Canadian imports, and the crude oil cannot get down as far as the Gulf Coast, because ...
The oil industry is driven by booms and busts. Prices typically rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true, and supply exceeds demand. Meanwhile, oil supply and demand are driven by a number of key factors: Changes...
The oil industry is driven by booms and busts. Prices typically rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true, and supply exceeds demand. Meanwhile, oil supply and demand are driven by a number of key factors: Changes...