Published in straits times Jan 2015 The price of oil this week plunged more than 55 per cent to under US$50 a barrel since June last year. This is the lowest price since the depths of the 2009 recession, and some analysts are saying the rout could continue to US$35 a barrel in the near…
2016 same as 2009? http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Monetary-Policy-Statements/2016/MAS-Monetary-Policy-Statement.aspx
This post is from the economist. http://www.economist.com/news/leaders/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be THE official charter of OPEC states that the group’s goal is “the stabilisation of prices in international oil markets”. It has not been doing a very good job. In June the price of a barrel of oil, then almost $115, began to slide; it now stands close to…
This is a repost of an article from link below. Please refer to the link for the full story. A funny thing happened on the way to Vladimir Putin running strategic laps around the West. Russia’s economy imploded. The latest news is that Russia’s central bank raised interest rates from 10.5 to 17 percent at…
