Ten years ago, we thought the world was running out of oil, that China and other emerging market countries would have insatiable energy demand growth, and that production costs would generally rise over time. We were wrong. Energy expert Amy Myers Jaffe explains why.
Willis Sparks of the Eurasia Group discussed the potential effects of geopolitics as a market influencer in his presentation to the CFA Institute Middle East Investment Conference in Bahrain.
Privatization appears to be slowly rearing its head in the Middle East again, mostly in the economic plans of the GCC countries and in Egypt. To be clear, this is not because attitudes have changed. Divestment from state-owned enterprises is seen as a last resort in the Gulf countries in light of the fiscal tightening.
Fiat Chrysler CEO Sergio Marchionne is making a one-way bet on cheap gas. This strategy has earned a fair degree of ridicule, but Marchionne may be onto something.
For the first time in some 40 years, there is the real potential for the United States to re-enter the oil export market. With this in mind, we asked our esteemed CFA Institute Financial NewsBrief readers, "Do you think the United States potentially lifting its oil-export ban will have a meaningful impact on future oil prices?"
Where will oil price go from here? And how will it affect the global economy, markets, and investors' nest eggs? We have curated some expert views on this and more in this edition of Weekend Reads for Global Investors.
Global oil prices have plunged by approximately 50% over the past seven months, their sharpest price drop since the 2008 global financial crisis. The sudden fall can be attributed to a confluence of factors — most notably, weaker demand because of sluggish economies around the world, a surge in supply because of the shale energy boom in the United States, and a relatively stable geopolitical backdrop (insofar as there have been no meaningful supply disruptions).
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.