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
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?