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Trump’s oil supply leverage

It says a lot for either the weak outlook for global GDP growth or the limited threat posed by the Iranians, that a series of attacks and seizures of oil tankers in the Straits of Hormuz, a conduit for around 20% of the world’s oil needs, as had no appreciable impact on crude oil prices. […]

Engineering a ‘Santa Rally’ in oil, but what then?

If the price of continued US support after the Khashoggi murder was the lower oil price, then it must rank as one of the most expensive assassinations of journalist in history, with Saudi Arabia’s gross oil production revenues down almost $2bn per week. The attempt to resurrect his political reputation at the G20 meeting was […]

“It’s Putin wot’s doin it”.

In a reversal of what happened in Valens’ day, the migrant flow is now going north from the Danube towards Germania rather than south, although there is a new empire that is to be shaken by such a move and that is no longer ruled from the south. Having wagged her imperial finger at the […]