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Say goodbye to cheap oil… for now

By ethan / September 5, 2018

Oil prices will be much higher over the next few years than previously thought, according to a new report from Barclays. The investment bank significantly raised its pricing forecast for 2020 and 2025 in its annual medium-term oil report. Barclays expects Brent to average $ 75 per barrel in 2020, up from a previous estimate of $ […]

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Is this the end of ultra cheap gasoline in Venezuela?

By ethan / August 5, 2018

As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest)— which is currently generously subsidized by the socialist regime. Maduro promised earlier this week to roll out a new plan to ease the economic crisis and hyperinflation in a televised address to the nation […]

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Corruption in Ukraine stems from cheap natural gas prices – IMF

By ethan / March 12, 2018

Ukraine should hike gas prices for its citizens in order to economize energy usage and fight corruption, according to an International Monetary Fund (IMF) representative in the country. Read more “Different gas prices are the cause for corruption. For example, you can buy gas at a lower price for households, and then sell it at […]

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‘End of cheap oil, prices expected to increase in 2018’- analyst

By ethan / December 27, 2017

Published time: 27 Dec, 2017 15:55 Oil prices are likely to drift higher in 2018, Andy Lipow, President, Lipow Oil Associates told RT. Global demand continues to rise, as the economies around the world keep growing, he added. An explosion hit Libya’s largest oil pipeline on Tuesday, causing a supply disruption. The blast is believed […]

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