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.
We're on the cusp of a revolution in the energy industry. It's one that could redraw the energy map of the world, give humanity the ability to tap essentially unlimited power sources, and – if you make the right investments – make a fortune for investors.
In short, we're living through a change in the way the world produces and consumes energy. It is a transition that's well under way. And it's being driven by the convergence of several key technological trends that are showing no sign of abating.
While you wouldn't be alone in thinking that solar power was further away than ever, you could be wrong. Solar is on the brink of becoming the world's dominant energy source.
A deal between Saudi Arabia and Russia means the oil bull market is back. John Stepek explains what that means for the global economy and for the rest of us.
Opec has agreed to cut production from January by 1.2 million barrels per day, the market is not convinced of the long-term effects of the agreement.
Max King tips a host of funds in various sectors to do well in the forthcoming year.
Opec has finally come to an agreement to reduce production, sending the oil price soaring. John Stepek looks at why the market is so excited.
Oil prices have ticked up as Opec, the oil exporters’ cartel, launched a renewed attempt to cut output and reduce a glut. But Opec countries are notorious for failing to stick to agreements.
At a meeting in Algiers a few weeks ago, Opec – which pumps 40% of the world’s oil – said it wanted to reduce production to help shore up low oil prices. But that now seems unlikely.
Nicolás Maduro’s government is keen not to scare off foreign creditors and has prioritised debt service over other urgent needs.