Tag: Oil Prices
Russia and Saudi Arabia to Form an Alternative to OPEC?
The world is in a slow energy transition to renewables, which has made it difficult for OPEC to maintain price stability. This transition lies at the heart of Saudi Arabia and Russia’s efforts to find…
Stock Market Gyrations Signal Serious Trouble Ahead
Although the connection between the stock market and the general economy is not as close as it used to be, we are overdue for a recession and so the recent stock market upheaval is a…
Impulsive Saudi Crown Prince Cracks Down, Rattles Global Markets
Crown Prince Mohammed bin Salman arrested high-ranking members of his family and launched an oil price war with Russia, tanking the market. Code Pink’s Medea Benjamin says it just demonstrates how impulsive and capricious MBS’s…
1.7 Million Jobs In Arab Region At Risk From Coronavirus
A UN brief warns about economic collapse, expecting a $42 billion decline in GDP and trillions of dollars lost to the private sector in an area already ravaged by inequality, dependency on oil revenue, and…
How Can Oil Be Worth Less Than Zero?
Dan Dicker traded oil futures for 25 years on the NYSE. He explains how COVID-19 created a perfect storm for oil markets, and why it still doesn’t make green energy inevitable. Producer:Steve Horn Director/Video Editor:…
