As Russian jets struck operations headquarters, training camps and weapons depots in Homs, Hama, Idlib, the primary Syrian port of Lattakia, and the IS capital of Ar-Raqqa, oil climbed briefly on the world markets before returning to sub $50 lows.
As Brent crude tumbled below $50 per barrel and West Texas Intermediate (WTI) slipped to its lowest value in six years, the world looked East. The Chinese dragon is spluttering, its fire bladder wracked with an onset of cystitis that stabs beyond its own anatomy and into the global organism.
In the Oslo Summer sun, oil-rich Norway’s crown may be slipping. The Scandinavian state, so often cited as the exemplar of an oil nation in word and deed, may have also been slashed by the scythe of the oil price downturn.
In the aftermath of fears over a weakening Chinese economy, continual malaise in Greece and the unfettered production of a rampant OPEC, Brent crude dropped by some 2.2 percent in its biggest monthly dive since 2008.
In the week after a historical deal was reached over Iran’s nuclear programme, paving the way for a deluge of crude into the marketplace, voices warned that an oil price recovery may be years in the making.
In the Cradle of Democracy, the Hellenic Republic has been granted another reprieve by its international creditors. On June 30th, the "Master Financial Assistance Facility Agreement" – Greece’s ongoing European Central Ban...
As talks between the Hellenic Republic and its creditors in the Eurozone collapsed on Sunday after less than an hour of deliberation, the global markets took a collective nosedive.
By June 30th, Greece will have to pay back f...
Oil prices took a slide after the conclusion of the 167th meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, last Friday.OPEC decided that they would maintain their output levels at more than 31 m...
As the control of the central Iraqi city of Ramadi fell to militants of the Islamic State, the Iraqi government had to face a sobering reality: the possible loss of Baghdad.
Sitting around 110 kilometres to the east of Baghdad, Ramadi h...
"Never call an accountant a credit to his profession; a good accountant is a debit to his profession." - Charles Lyell (1797 – 1875)
In the Fertile Crescent, the rivers ran increasingly red as US troops incurred i...
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