Oil Price: volatility keeps it on a slippery pole

The oil prices are in decline again despite the larger-than-expected draw in US crude stocks this week.  Although the production cuts announced by Saudi Arabia and Russia have been pushed up the prices of crude oil for obvious reasons, for two successive weeks the price of WTI has been below $80. As …

Read more »

Oil price: will rising energy prices slow down the global economic growth again?

The price of oil has been on the rise for two successive months, a development can partially attributed to the production cuts of over 1.5 million bpd by two leading players in the OPEC+, Russia and Saudi Arabia. Perhaps buoyed by the apparent succss of pushing oil prices up, the Saudis are now sayi…

Read more »