Tag Archives: price

The Economist explains: Why OPEC negotiations are so important for Saudi Arabia and the oil price

Main image:  HEDGE-FUND managers, commodities traders, ex-spooks and hacks all converge on Vienna on November 30th for the annual jamboree of OPEC, the oil producer’s cartel. Such attention may seem a little misplaced. During a year of schisms and mistrust, … Continue reading

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The red and the black: Oil price and Russian politics: a history

IN DECEMBER 1979 Soviet troops invaded Afghanistan. The oil price at the time was at its peak of $101 a barrel. The high price combined with fast-growing production of oil in Western Siberia provided the Soviet Union with unprecedented revenues. … Continue reading

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Daily chart: Adjusting the taps on oil price

Audio and Video content on Economist.com requires a browser that can handle iFrames. HOW will the falling oil price affect profitability and production? Who pumps how much at what price? Depending on geography, some reserves are more expensive to exploit … Continue reading

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The Economist explains: Why the gold price is falling

THE gold price, which hit a five-year low on July 20th, reflects supply and demand right now, and also expectations about the future. The yellow metal serves two purposes: it is a commodity (used in electronics, jewellery and dentistry, for … Continue reading

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