The day of reckoning for the oil market approaches
The oil market is now in ‘a state of schizophrenia,’ as the Saudi Energy Minister put it at the end of August, alluding to irrational pricing mechanisms.
Will Europe have to backtrack on climate pledges?
While the EU is considering a price cap on Russian gas, which could lead to a complete halt in its flows to the region. European businesses are trying hard to curb staggering energy costs in order to stay afloat.
Iran: back in good graces?
Oil has lost 20% of its value since June, largely on fears of waning demand in response to global recession and further monetary tightening by many regulators, including the Fed with its ‘hawk’ rhetoric.