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Climate Change and the Economy: The Effect of Hurricanes on Inflation

  •  Published by Pete Nisbet on   October 15, 2017  

Climate change and the economy are closely interlinked. Some deny the existence of climate change, but recent events have all but proven the fact that the earth’s climate is changing. Following our recent news post relating to the effect of recent hurricanes in the Mexican Gulf, it seems as though [...]

Oil Prices Rise as OPEC Oil Production Cuts Become Effective

  •  Published by Pete Nisbet on   September 27, 2017  

Oil prices rise as the oil production cuts by OPEC countries appear to have become effective. Oil prices rose steeply on Monday. Brent increased to $59.02 a barrel, the 3.8% rise taking it to its highest price since July 2015. The US West Texas benchmark price increased by 3% to $52.22. These increa [...]

Volkswagen Diesel Cars and Electric Cars: Carbon Fuel – Electric Power Transition?

  •  Published by Pete Nisbet on   September 12, 2017  

The manufacture of Volkswagen diesel cars is to continue. According to Volkswagen CEO, Matthias Mueller, it is Volkswagen’s view that the bad press diesel cars are being given is unwarranted. However, there will be a transition period during which gasoline and diesel cars will gradually move over [...]

Trinity Mirror and Northern and Shell in Talks Over Daily Express and Daily Star

  •  Published by Pete Nisbet on   September 9, 2017  

Trinity Mirror and Northern and Shell are in talks regarding the purchase of the Daily Express and Daily Star. Northern & Shell and Trinity Mirror, the owner of the UK’s daily newspaper, the “Daily Mirror,” are involved in talks regarding the purchase of the popular tabloids. Trinity Mirro [...]

US Ethylene Shortage to Hit US Chemical Industry

  •  Published by Pete Nisbet on   September 2, 2017  

A US ethylene shortage is about to hit the US chemical industry. Everybody is talking about the oil shortage expected as a result of Hurricane Harvey. Even now, petrol prices in the UK expected to rise by up to 5 pence a liter due to the closure of Texas oil refineries.   The same is goin [...]

Electric Car Charging a Challenging Issue For UK Power Suppliers

  •  Published by Pete Nisbet on   September 1, 2017  

Electric car charging will necessitate a spend of billions of pounds by the UK. The extra demand on the national grid will require new power plant and an upgraded grid network. Another significant cost will be charging points for electric vehicles.   The UK government has announced that t [...]

Economic Impact of Hurricane Harvey: Crude Prices Drop While Gas Prices Rise

  •  Published by Pete Nisbet on   August 29, 2017  

The economic impact of Hurricane Harvey will affect the entire USA. Hurricane Harvey is sure to have a massive economic impact on Texas and on Houston in particular. However, the financial implications will also extend into the USA as a whole.   Damage is practically certain to be above t [...]

US Russia Sanctions Put Syndication Funding for Rosneft Purchase On Hold

  •  Published by Pete Nisbet on   August 26, 2017  

US Russia sanctions have delayed the syndication of an Intesa Sanpaolo loan. The loan was provided by the Italian bank to Glencore and Qatar’s wealth fund. The latter needed the finance to buy a stake in Rosneft, the Russian state-owned oil company.   The €5.2 billion loan ($6.2 billi [...]

Total – Maersk Deal Sees Total Buying Maersk Oil Business

  •  Published by Pete Nisbet on   August 22, 2017  

A Total - Maersk deal has led to Total buying the Maersk oil operation for $7.45 Billion (£5.8 bn). Maersk Oil is a Danish company that has the concession for the exploration and production of oil and gas in the Danish sector of the North Sea. By purchasing Maersk, the French oil giant Total has su [...]

Crude Oil Prices Fall Despite Saudi Arabia Cutback in Production

  •  Published by Pete Nisbet on   August 8, 2017  

Crude oil prices fell Tuesday even though Saudi Arabia’s state controlled producer, Aramco, announced a production cut. The Saudi oil company announced Tuesday that it was cutting crude allocations by 520,000 barrels per day in September. This was stated to be a minimum level of cut and would appl [...]