Consumer and Business Behaviour
Filipino drivers to receive fuel subsidies as oil prices rise
Filipino drivers to receive fuel subsidies as oil prices rise […]
CRUDE OIL
Basic Economic Concepts
World’s major economies to release oil reserves to lower soaring oil prices
In an attempt to lower the price of oil the US is leading an international effort of other major economies to release oil reserves. The price of crude oil reached a 7-year high of $81.93 […]
Consumer and Business Behaviour
Global oil production to drop by 10% as OPEC agrees on an historic deal
The market for oil could be set to rebound following the announcement from OPEC that a deal had been reached between the Saudi-led cartel and other major oil producers around the world. This should bring […]
Basic Economic Concepts
Coal: the world’s dirtiest and most damaging fossil fuel has now become the most expensive!
As students of economics, these really are crazy times we are living through! From governments paying private sector wages to 0% interest rates, to toilet paper shortages, the latest to add to this list is the environment’s least […]
Consumer and Business Behaviour
Crude Oil takes a 30% dive as Saudi Arabia gears up for a price war
The world awoke to the largest drop in oil prices in 29 years today as Saudi Arabia, the world’s second largest oil producer, seemingly instigated a price war against Russia. The huge drop in […]