By Irina Slav – Jun 08, 2026, 5:00 PM CDT Oil inventories are being rapidly depleted as 10–14 million bpd of Middle Eastern supply remains offline, prompting warnings from Chevron, Exxon, the IEA, and major banks of a looming supply crunch. Markets may be underestimating the risk, with traders betting on a Hormuz reopening even […]
Global Economy Is One Oil Price Spike Away From Trouble Read More »
Just how much should investors worry about high oil prices? Amid the ongoing Middle East conflict, it is not surprising that investors are focused on energy prices, given that these remain the main channel to global financial markets. Many have been surprised, though, by the uneven impact across different markets. For example, many Asian equities
Why USD 100 oil isn’t the economy killer it used to be Read More »
Economist Shamubeel Eaqub said there would be a wider inflation effect for New Zealand, beyond the increase in petrol prices that has already begun. Photo: Screengrab / Facebook New Zealand’s economy is on a “precipice”, one economist says, as the country faces increasing pressure as a result of war in Iran. The price of oil
NZ economy ‘on precipice’ as markets wobble, oil price rises Read More »
Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil. Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat
Why Russia’s economy is unlikely to collapse even if oil prices fall Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Apr 21, 2025, 2:46 AM CDT Russia’s Economy Ministry has lowered its forecast for oil prices this year in an update for its baseline scenario, reflecting the latest
Russia’s Economy Ministry Lowers 2025 Oil Price Forecast Read More »
ABUJA – Transitioning to a green economy has been identified as one of the avenues for diversifying Nigeria’s economy base, job creation, reducing dependence on fossil fuels and enhancing resilience against global oil price volatility. The Director-General of Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, stated this while speaking as the guest speaker at
Green Economy Will Drive Diversification, Create Jobs – SEC DG Read More »
