Beware of substitutes
If you can charge more for a product and still sell the same amount then you would want to, wouldn’t you? Be careful, it may not be the best thing long term. Take the oil market. Saudi Arabia’s...
View ArticleOil prices and OPEC
OPEC will meet today (8th June) to decide levels of production. The FT says this: ‘A large increase in production could damp current high prices, while a decision to maintain production levels would...
View ArticleOil prices and OPEC (part 2)
The International Energy Agency (IEA) has said that its members are going to sell some of their oil reserves to bring down the oil price. The idea is that this will help the global economy and stop it...
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The easy way to stabilise petrol prices
Don’t you hate it that petrol prices go up when oil prices go up but they don’t come down when oil prices come down again? Oil down 18%, petrol up 2% Since April 8, the price of Brent crude has fallen...
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Is OPEC about to break-up?
OPEC is an organisation made up of 12 oil-producing countries which operates as a cartel to try to control oil prices. It was formed in 1960 by Iran, Iraq, Kuwait, Venezuela and Saudi Arabia, with most...
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