If there’s one thing we can take from falling oil prices, it’s that nobody – not industry experts nor the once-mighty Opec – has any real control or influence. John Stepek explains why.
Energy: the MoneyWeek view
November 2014: The sliding oil price Oil prices have fallen by almost 30% since June. There could be further to go. US natural gas, meanwhile, jumped above $4/mBtus. The long-term outlook is good too, as more and more households and industries opt for gas.
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A tie-up between Halliburton and Baker Hughes would create the biggest oil services group by revenue.
Crude oil and metals look set for further misery over the next year, says David C Stevenson. But the longer-term outlook is more promising.
The price of oil in the future won’t be decided by the supply of crude, says Merryn Somerset Webb. It’ll be technology.
The falling oil price is good for consumers and the global economy, and opens up some great opportunities for investors, says John Stepek.
The price of Brent crude has fallen to a four-year low following a price-cut from Saudi Arabia.
Many Latin American countries depend on oil exports for income, says James McKeigue. Falling crude prices could spell trouble ahead.
The oil price is stuck in a downward trend. That may be bad for oil producers, but it’s good for consumer economies like ours, says John Stepek.
Russian stocks have been in free fall for quite some time. But as David Thornton explains, there is one event that might herald a rebound.
Members of oil cartel Opec are beginning to feel the fiscal squeeze of low oil prices – some more than others.
The opportunity for fracking to transform some of Britain’s poorest areas is too good to pass up, says Matthew Lynn.
Spending it: travel
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