Bouncing like a fracking crane, fluctuating oil prices are a constant feature of the modern market. There is little that is more important than oil prices, given that they affect so many industries and intrude into all nations. A major player in this phenomenon is the Organisation of the Petroleum Exporting Countries (OPEC), an intergovernmental … Continue reading The Power of Oil – OPEC Taking Control
Amidst all the negativity of the oil crisis, there are beacons of hope. British oil and gas companies expect to create thousands of jobs over the next two years despite the dramatic slide in oil prices, according to the fourth Bank of Scotland report. Although the report found that 39% of the respondents felt that … Continue reading It’s Not Oil That Bad
On Friday 27th February, the US Commerce Department revealed the economy grew by 2.2% in the final quarter of 2014, weaker than the estimated 2.6%. Fine margins though it may be, the slowdown in the economy was more pronounced than previously thought. The concerns stem from the fact that the fourth quarter growth had been … Continue reading Growing Pains
Denial, anger, bargaining, depression and acceptance used to be the five stages of buying petrol. Many consumers used to double the value of their car every time they replenished their tanks, however, as we have documented in recent weeks here on The Commercial Cartel, the world has been ‘put-in’ their hard earned cash back into … Continue reading UK Inflation for Dummies
Having previously pledged to do ‘whatever it takes’ to save the euro, it would appear a vacation or some quiet time for Mario Draghi would've sufficed. The President of the European Central Bank (ECB) caused the euro to fall 0.4% to $1.2034 following comments which suggested the bank could start quantitative easing soon. Mrs Draghi … Continue reading EURO VALUE DECREASE: Mario in Drag-hi
The fact is, Russia’s economy has been in stagnation for some time. International tensions have meant that attention has been diverted from domestic affairs, but it is clear now that Russia is in financial trouble. The reasons why Russia’s economy is skating on thin ice are twofold: the value of the rouble has depreciated by … Continue reading Rouble Trouble
If you haven't heard about the recent collapse of global oil prices by now, the likelihood is you've been living under a pan. Nonetheless, I use oil in pans, so you have no excuse. The price of oil has fallen by more than 40% since June. We all know oil is an extremely important commodity, … Continue reading OIL PRICE CRASH – cheaper exotic oil massages?