9. with the crashing oil prices the mullahs are beyond desperate (the price per barrel produced in iran already the lowest of the OPEC countries) and they can no longer easily sell oil on the black market thanks to the sanctions. *** trump also isn't sending planeloads of...
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 n...
On the way down, we get exactly the opposite effect–falling oil and other commodity prices lead to falling inflation rates, making debt more difficult to repay. Commodity prices in general have been falling since early 2011, leading to the situation where interest rates are now negative in ...
“Kazakhstan is a petro-state,” Molchanov said. “Falling oil prices are damaging to Kazakhstan’s economy, as it is damaging to any other oil-dependent country.” Crude futures aren’t the only headache for Kazakhstan’s economy—the country also has to grapple with the poor economic condit...
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 ...
Drivers may see some relief with the price of crude oil falling below $100 a barrel on Tuesday, down from $123 after Russia invaded Ukraine. Prices at the pump fell by two pennies to $4.31 a gallon on Tuesday, according to AAA.
real estate prices are falling, capital markets are more volatile, growth is slowing, and many economies face balance sheet stress. In this new environment, can Asia improve the efficiency of its financial system and shore up financial resilience in order to deploy the largest amount of capital ...
Notably, 2015 offers an interesting example of how all five factors can conspire to send prices to historic lows. At that time, the price of crude oil fell by more than half in under a year, reaching lows that had not been seen since the last global recession.1 At the time, many oil...
(or surplus goods) weighing the economy down like an anchor. When businesses are stuck with too much stock (as when Brent crude went into backwardation in 2022 on the back of supplies hoarded during the pandemic, or as occurred again in 2024), they slash prices to try to sell it off, ...