The oil price has crashed back down to earth recently. John Stepek emaines why, and explains what it means for the global economy.
Oil prices reached four-year highs of around $80 this week. And the fundamentals of the market point to even higher prices in the short term.
Fracking for oil has made the US energy independent. Its effects have spread far beyond the energy markets, says John Stepek, shifting the global economy’s balance of power.
Commodities guru Jim Rogers thinks the current oil price is a floor, not a ceiling – but his favourite picks are gold and silver.
Brent crude had been trading at under $45 a barrel. Now it’s around $70 – and it could be a very long time before we see prices that low again.
After a year of big rises, the oil price has slipped back recently. Is this just a blip, or are we set for another big tumble? John Stepek explains.
Saudi Aramco’s warning of a supply crunch in the oil market has an element of déjà vu about it. John Stepek takes a closer look to see what investors should do next.
Oil cartel Opec’s decision to raise production was seen as bullish for the oil price, even though a lot more crude is heading to market.
Oil cartel Opec and Russia have decided to pump more oil. Normally, higher production means lower prices. But that’s not likely to happen this time, says John Stepek. Here’s why.
For almost 60 years, the southern polar regions have been protected by international treaty. But the continent’s commercial potential is putting co-operation under threat. Simon Wilson reports.
There are plenty of positive signs for the energy sector, says Max King, even if its long-term future is one of declining output. But specialist energy fund managers are asleep at the wheel.