Posts Categorized: Global Economy

Mexico to import oil from U.S. for the first time

January 12, 2024 by Michael Lerner in Americas, Global Economy.

Pemex CEO Emilio Lozoya Austin at a conference in London, October 30, 2014. Anthony Harvey/Getty Images for NYT

Mexico is seeking to import light crude oil form the U.S. for the first time in its history. The steep fall in prices outweighs swallowing some pride.

Top 5 factors affecting oil prices in 2015

January 9, 2024 by Guest Contributor in Global Economy.

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A trader works on the floor of the New York Stock Exchange (NYSE) at the end of the trading day on January 8, 2024 in New York City. As oil prices began to stabilize the Dow rose over 300 points on January 8, approaching the 18,000 level.

2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months.

Oil price tumbles after OPEC releases 2015 forecast

December 12, 2024 by Guest Contributor in Global Economy.

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A trader works on the floor of the New York Stock Exchange during the afternoon of December 10, 2024 in New York City.

And yet on Nov. 27, OPEC refused to lower its production levels below 30 million barrels a day, adding to the oil glut that started with the US boom in high-quality shale oil.

Early signs of a pullback in drilling activity

November 17, 2024 by Guest Contributor in Global Economy.

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Trucks sit in a parking lot outside a Mobil gas station in Morton, Illinois, U.S., on Wednesday, Oct. 29, 2014.

OPEC’s Secretary-General Abdullah al-Badri tried to ease concerns, speaking at a conference in Abu Dhabi on November 10. “Please do not panic, things will fix itself,” he said.

10 biggest energy company bankruptcies

October 15, 2024 by Guest Contributor in Global Economy.

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Jeffrey Skilling Sentenced In Enron Trial

Here are the bankruptcies that will be etched into the tombstones of failed energy fortunes for time immemorial.

Global tourism remains strong

September 19, 2024 by Alex Erquicia in Global Economy.

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Luton Airport 'Suspect Package' Destroyed In Controlled Explosion

International tourist arrivals grew by 4.6% in the first six months of the year compared to the same period last year amid political and economic uncertainties.