oil

Fragile and Under Threat

The IMF noted there are worries about higher oil prices. There is turmoil in many of the oil exporting countries, like Venezuela, Libya and Iran. The US has withdrawn this year from the Iranian nuclear…

Expect Higher Oil Prices

There are increasing regional tensions in the Middle East, and trouble in oil producing Venezuela. There is also a supply shortage after Russia and the OPEC agreed to cut production. So, oil at US$100 a…

Make Way for the Petroyuan

China is also looking to promote the Yuan around the world to become more prominent in international trade. This is a very big deal. Especially as it is coming at a time when there are…

Saudi Arabia’s Oil Purge

With one of the world’s largest petroleum fields and about US$1.2 billion in reserves, the country urgently needs to reduce its reliance on oil. It provides three-quarters of state revenue. The clock is ticking…

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