The drone strike on Saudi oil facilities proves that the global oil supply chain is vulnerable to attack. Markets must start to price a bigger risk premium into oil.
This week brought talk of a Saudi effort to raise the oil price as Crown Prince Mohammed bin Salman replaced energy minister Khalid al-Falih with Prince Abdulaziz bin Salman.
The delay in listing Aramco, Saudi Arabia’s state-owned oil company, has led to the sacking of the country’s energy minister. John Stepek explains why that’s important for the global economy and for your money.
The oil price is now firmly in a bear market. But saying where it goes next is tricky, says John Stepek. There are good arguments for a big move in either direction.
The oil price has been trending down for months, now. Technically, it’s in a bear market. But whatever the short-term trend, everybody should have some in their portfolio, says Dominic Frisby. Here, he picks the best way to invest.
With around a fifth of the world’s oil travelling through Strait of Hormuz, the most recent incident there has raised new concerns about global oil supplies.
The price of Brent crude oil has fallen by more than 20% since May – past the level that marks a bear market.
The price of oil spiked after two tankers were attacked in the Gulf of Oman. John Stepek looks at how an escalating conflict could affect markets – and your money.
A slide in bond yields this week has driven the yield curve lower. John Stepek looks at how this has affected the charts that matter most to the global economy.
The intangible economy has ballooned in recent decades and today it looks all but unassailable. Dominic Frisby looks at what could bring it back down to earth.
The price of Brent crude, the main oil-price benchmark, has broken through $75 for the first time this year. But the rally won’t last.