SCO & BRICS latest news and insights
By Rhod Mackenzie
The head of the US Treasury, Janet Yellen, is regarded as one of the originators of the price ceiling on Russian oil imposed by the G7 and the European Union at $60 per barrel. She holds a positive view of her creation and has iterated its perceived efficacy, despite evidence tha...
By Rhod Mackenzie
Amid concerns that the conflict between Israel and the Gaza Strip could escalate further within the region, crude oil prices have increased. Additionally, the potential response of Iran and the United States to the ongoing situation has contributed to the unease amongst market pa...
By Rhod Mackenzie
The military conflict in Israel and the Palestinian territories have caused strain on the global economy and financial system that were already struggling. Although the initial impact has been moderate, investors remain apprehensive about other equally pressing issues. If the hos...
By Rhod Mackenzie
The military conflict in Israel could have grave consequences for the global energy market. In the best-case scenario, the oil market could be only be deprived of Iranian oil, causing price hikes exceeding £75 per barrel. The worst possible scenario entails a repeat of the 1973...
By Rhod Mackenzie
Brent crude prices have rebounded to $90 per barrel, while WTI has soared over $86 per barrel due to the alarming deterioration of the Middle East situation, an area that produces almost a third of the world's oil.
Gold predictably rose on fear of risk. The yellow metal, whose...
By Rhod Mackenzie
There is some intrigue going on among analysts in the Oil and Gas sector as last week Brent oil prices were nearing £100 per barrel, with some global oil brands exceeding this figure. However, today Brent is trading at £84 per barrel, and analysts have connected this decrease in...
