Crude prices have suffered their steepest and fastest fall in a decade. The Brent crude price has fallen to just $58.68 per barrel from $86.70 at beginning of October, a decline of a third. The price of crude is determined primarily by actual and prospective supply-and-demand factors and secondarily by […]
The GCC states are facing up to the challenge of combining energy diversity with security
According to the Australia Institute, the country has 3,000 operational mines but over 60,000 abandoned or orphaned mines.
Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on the $56 prevailing at the same time last year and a four-year high. Also, the collapse in oil prices in 2014 […]
What? Investment activity in exploration and production is starting to pick up. Why? Oil prices have increased by nearly 25 % compared to the same period last year thanks to OPEC production restrictions. What next? The prospect of peak demand for oil and gas is likely to make investors more cautious. Oil and […]