Oil prices rise as Texas drops into deep freeze

But how long will the bull run last?

Oil prices rise as Texas drops into deep freezeWith the Brent crude oil price touching $65 last week, markets have entered the hot zone. Inclement weather, the resultant rising demand for heating, a dip in United States output and the unilateral Saudi output cut all helped to tighten the markets, contributing to the bull run. Parts of the U.S. have been in a…

Lockdowns battered economy but didn’t end the pandemic

Are politicians following the data or their pride?

Lockdowns battered economy but didn’t end the pandemicWhen the British government revealed the existence of a new strain of COVID-19 just before Christmas, it proved an effective way for the prime minister to enforce strict Tier 4 lockdown measures on much of the south of England with minimal fuss. It also very quickly isolated the United Kingdom from the rest of the…

New strategies for when a pandemic becomes endemic

What governments have done in response to COVID-19 has been remarkably injurious to humanity’s general health

New strategies for when a pandemic becomes endemicRecent pronouncements by the World Health Organization (WHO) suggest its view of COVID-19 is evolving from a pandemic threat that’s novel and spreading to an endemic threat that has established itself as just another new contestant in the vast ecosystem of organisms that interact periodically with humans. This suggests a need to change strategy. After…

Global vaccine certification would help world bounce back from COVID-19

Surest way to restore free movement across borders and reboot ailing economies

Global vaccine certification would help world bounce back from COVID-19As the world looks to a post-pandemic future, a global COVID-19 vaccine certification program might be the surest way to restore free movement across borders and reboot ailing economies, according to University of Alberta political scientist Andy Knight. “We need to develop an international protocol – especially for small, more vulnerable states – that will allow…

Market diversity will save Canada from international bullying

Reducing our dependence on any one particular market or supplier makes us much less vulnerable to arbitrary and unfair treatment

Market diversity will save Canada from international bullying“It’s not fair!” How often have parents heard this loud, angry declaration from young children at any real or perceived injustice? Children have an innate sense of fairness that demands to be respected. Hence the practice of asking one child to divide a piece of cake and the other to choose first. Fairness has become…

Iran returns to the oil market in a big way

An expected new nuclear deal, a pipeline project and an easing of sanctions all contribute to increased production and exports

Iran returns to the oil market in a big wayCrude oil markets are focused on the Iran nuclear deal. A new United States administration under President Joe Biden has pledged to revert to the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal. The world awaits the next moves, which will set the contours of future Iranian oil output. With…

Below-normal temperatures lead to soaring spot LNG prices

But opposition to resource development means Canada is being left out in the cold

Below-normal temperatures lead to soaring spot LNG pricesExtreme cold weather and mismatched supply and demand have pushed spot prices for liquefied natural gas (LNG) in Asia through the roof. Bloomberg reports that LNG spot prices went from “almost to zero” in April 2020 to above US$30 per one million British thermal unit (MMBtu), rising “18-fold in less than nine months.” Prices in…

Crude oil market remains in flux

Global demand remains a major concern

Crude oil market remains in fluxUncertainty is ruling the energy world. “Crude producers continue to grapple with huge uncertainty about where this goes from here,” Tim Gould, the International Energy Agency (IEA) head of energy supply outlooks and investment, told the press last week. The Organization of Petroleum Exporting Countries (OPEC) agrees. “Uncertainties remain high going forward with the main…

Saudis sacrifice to broker oil production cuts

Until recently, the nation has insisted it wouldn’t unilaterally cut output until others agreed to contribute. All that has changed

Saudis sacrifice to broker oil production cutsSaudi Arabia is back in its role as the swing crude oil producer of the world. Until recently, the nation has insisted it wouldn’t unilaterally cut output until others, including Russia, agreed to contribute. But all this changed – almost overnight. On Jan. 4, while the ministers from Organization of Petroleum Exporting Countries and its…
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