While oil prices have halved over the past year, the number of mergers and acquisitions has most definitely not.
Articles on Oil price
Displaying 41 - 60 of 66 articles
As the oil price crisis deepens, Angolans are beginning to ask what actually happened to the glut of oil dollars. Very little has come from the oil boom of 2004-14.
Oil price developments over the past 40 years have been truly spectacular, but the recent fall in oil prices is likely to last, thanks to increasing production.
It’s been done before but tapping the Strategic Petroleum Reserve – particularly when prices for oil are low – isn’t the best way to fund the Highway Trust Fund.
Big oil companies are moving to exploit new resources such as the Arctic or the Great Australian Bight. But are they worth the risk?
Australia likely has decades of fossil fuels left to extract, export and burn. That could prove to be a problem if the world comes to an agreement on climate change. Here’s four ways to help the economy, and the climate.
Norway’s petroleum sector is its most important industry. The petroleum sector accounts for 21.5% of its GDP, and almost half (48.9%) of total exports. In 2013 Norway was ranked the 15th-largest oil producer…
Angela Merkel and Francois Hollande’s push for peace in Moscow has helped fuel optimism about the prospects for Russia’s spluttering economy. On the morning of the meeting, the rouble had strengthened…
In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…
With oil prices on the decline, and analysts predicting record profits for the 2014/15 financial year, Qantas and Virgin Australia are under increasing pressure to abolish fuel surcharges and lower their…
During Melbourne’s recent spell of hot weather, my air conditioner got a workout after a long hiatus. Technically it’s a split system that also could have been used during winter, but like many Melbourne…
One reason for this highway infrastructure funding issue is that the gasoline and diesel taxes have not been increased since 1993 – 22 years ago. ➕ Includes video 🎥
Late in 2014, we saw iron ore and coal prices fall. Now we are seeing oil prices tumble, dipping to less than US$50 a barrel, half the price of a year ago. In all cases, these price collapses reflect the…
Predicting oil price movements is as risky as exploring for oil itself. The average price for crude fell 10.3% from the start of 2014 to the date of the Scottish independence referendum on September 18…
Oil prices have now almost halved in six months to below $60/barrel thanks to OPEC’s refusal to cut production. This means all the member countries are revising their government spending policies. While…
The dramatic slide in the value of the rouble has claimed its first banking casualty. Trust Bank is being bailed out by the Russian Central Bank to the tune of US$530m. The emergency liquidity line is…
While this year’s relative stability in crude oil prices appears to have lulled us into a false sense of security, the dramatic fall over the last few weeks reminds us just how volatile these prices can…
Vladimir Putin has delivered his annual press conference and at the top of the agenda was the Russian economy, reflecting that the turmoil buffeting the Russian rouble has reached critical levels. After…
Russia’s Central Bank has raised its key interest rate from 10.5% to 17% in an emergency move that is designed to halt the ongoing collapse of the rouble, which has accelerated in recent weeks. The dramatic…
The recent drop in crude oil and gasoline prices in the United States is a nice stocking stuffer for consumers this holiday season, but it could turn into a lump of coal. A global oil glut has caused the…
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Senior lecturer, Canberra School of Government, University of Canberra
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