Oil – ‘Black gold’. Economies have been made and broken by it and wars fought over it.
It is essential in many products ranging from energy, transport, plastics to fertilisers.
This black gold is so fundamental to a modern economy that it can also play a crucial role in geopolitical rivalries.Read more >
The US’ pressure on Saudi Arabia to step up its output to offset Iran’s production means that after trade oil is the next battle ground.
But Trump will find reducing and stabilising oil prices is not as straight forward as he hopes.Read more >
Most analysts see oil stabilising in a range of around $40 to $60 a barrel for 2018. However, most of these assessments were before the announcement to move the US’ Israeli embassy from Tel Aviv to Jerusalem.
Which begs the question of what impact, if any, will be there be to the current assessments of oil prices?Read more >