Notes From The Editor Posts
Brent crude stayed below the $50 per barrel mark after information out of Russia pointed to the country’s largest oil output in the post-Soviet era.
As the Brent crude price continued its stint below the $50 per barrel mark, supermajor BP announced that it was looking towards a future of $60 per barrel oil until 2017.
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 five years of legal bagarre come to an end, and BP hands over $20.8 billion for the Deepwater Horizon Disaster, get the our angle, now.
Goldman Sachs has published a report highlighting the $12 plummet of Brent crude and WTI by $12 per barrel. Fact, fiction, or prediction? We'll let you decide.
"The trouble with boxing is that too often it ends in sadness." - Barry McGuigan (1961- )
Something is brewing in the Far East, and it’s not Jin Xuan tea. Or not solely that.
"She had eyes like sunsets, and every time she blinked it felt like the end of the world, otherwise known as night." Jarod Kintz (1982 - )
Ouroboros n.
From the Greek meaning "tail-devouring snake". An ancient symbol depicting a serpent or dragon eating its own tail. It represents cyclicality, perpetuity and the infinite.
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.
On the same day as Saif al-Islam, the son of deposed Libyan dictator, Muammar al-Gaddafi, was sentenced to death by a court in Tripoli, supermajor BP also announced a Libyan-centred tale of woe.
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.
"If the lion didn’t bite the tamer every once in a while, it wouldn’t be exciting." - Darrell Waltrip (1947 - )
After Eurozone leaders cam...
"Money isn't everything - but it's a long way ahead of what comes next."- Sir Edmund Villiers Minshull Stockdale, 1st Baronet (1903&nd...
In Athens, as banks slammed their doors to the public and the default of the world’s 44th largest economy looms large, interested parties within the Eurozone are on tenterhooks.
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...
"Civilisations die from suicide, not by murder." - Arnold J. Toynbee (1889 – 1975)
A year after the formation of the Donetsk People’s Republic (DPR) on the Black Sea coast, there has been a seismic...
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...
"Nothing is more active than thought, for it travels over the universe, and nothing is stronger than necessity for all must submit to it."– Thales of Miletus (c. 624 – c. 546 BC)
Yesterday the US g...
As Ali Al-Naimi, the Saudi minister of petroleum and mineral resources, tells CNBC that: "no one can set the price of oil - it's up to Allah", similarly seismic statem...
"For the merchant, even honesty is a financial speculation." Charles Baudelaire (1821 – 1867)
As the world’s oil companies announced their figures for the first quarter of 2015, a common theme...
