Stephen Heintz, president of the Rockefeller Brothers Fund, explains to DW how it makes perfect sense that a fund which got rich on oil is now divesting from fossil fuels. With its announcement to pull...
Chesapeake Energy is a good example. The second largest natural gas producer in the US, after Exxon, reported its debacle yesterday. Revenues plunged 49% from the quarter a year ago, when the oil bust had...
This is what two unnamed container shipping executives, one from an Asian carrier, the other from a European carrier, told the Wall Street Journal about the containerized-freight fiasco on the China-Europe route: “We are now...
Ratings agency Fitch had already warned about Canada’s magnificent housing bubble that is even more magnificent than the housing bubble in the US that blew up so spectacularly. “High household debt relative to disposable income” – at...
As the year winds down, a Gordian knot tying Russia, oil prices and China together is receiving a great deal of attention. Let’s see if we can unravel some of the confusing twists and turns....
Many observers have proclaimed the death of OPEC. This seems to be a premature judgment, and may reflect a misunderstanding of oligopolistic practices. The decision not to cut production is not a sign of the...
The US dollar’s upside momentum has faded, but oil prices remain depressed. Many observers try, too hard perhaps, to link the decline in commodity prices in general, and oil in particular, to the appreciation of...
The India solar growth story is sputtering, with only 1500 MW of solar capacity getting installed till date. The main growth drivers – Gujarat and JNNSM have become pale shadows of themselves. Gujarat which is India’s solar shining star is facing a...
The economic crisis in the country is largely associated with the fiscal and current account deficits. The fiscal deficit is primarily a domestic economic issue while the CAD is intertwined with international developments. The fiscal...
Sudanese President Omar al-Bashir announced that South Sudan’s oil exports will continue to flow through his country’s pipelines. His decision was announced on Wednesday (03.09.2013) after meeting with South Sudan’s President Salva Kiir in the...
The world energy demand forecasts made by the International Energy Agency (IEA) are quite revealing. According to the forecast the world demand for coal is expected to increase from 3294 million tons of oil equivalent...
Anti-trust authorities have conducted surprise inspections at offices of at least three major oil companies, suspecting a possible collusion on oil prices. Shell, BP and Statoil confirmed inspections at their sites. European inspectors raided the...
