Oil prices have started to increase again which causes economic impacts that reach worldwide markets. Energy markets experience cyclical patterns but the current energy price rise attracts attention from policymakers and investors and consumers because it directly impacts inflation. The dynamic operates through fundamental economic principles which people use to understand supply and demand relationships.
Read More
A unanimous decision made by the Organization of Petroleum Exporting Countries (OPEC) continues to limit oil production. Saudi Aramco, one of the largest and profitable oil companies in the world, has announced that they will not be influenced by U.S. calls for an increase in oil supply and continue to act towards their goal of increasing output by 400,000 barrels per day each month.
Read More
Europe is preparing for a bleak winter as an energy crisis has sent prices for electricity and gas soaring. Germany, France, and the Netherlands have started to feel the effects of a waning energy supply, but the United Kingdom is projected to be the hardest hit.
Read More
In recent weeks there has been an abundance of complaints of the skyrocketing gas prices. Some have pinned this on the recent shift in governmental power with the new United States president, Joe Biden. Others have blamed it on the economic trends that have accompanied the pandemic, but who is to “blame?”
Read More
After a catastrophic week of record-low temperatures in Texas and a brutal winter storm, millions of citizens were left shivering in the cold without electricity as the state’s electric grid operator lost control of the power supply. While power has been restored to most homes and businesses in the state, one major problem remains- a shortage of safe drinking water.
Read More
In 2016, a large oil company, Preem, applied for a permit in order to expand their Lysekil refinery on the west coast of Sweden.
Read MoreDespite oil prices just beginning to bounce back from the economic crisis caused by COVID-19, the oil industry takes on another hit as thousands of investors rush to sell their stock.
Read MoreIn the recent months bulge bracket investment banks have been lining up to get their spot on the Saudi Aramco IPO. Banks involved in the deal include JPMorgan Chase & Co, Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch, Citigroup, HSBC Holdings, Credit Suisse AG, and two domestic investment banks.
Read More