Crude Calculations: Oil Prices Amidst Middle Eastern Political Shifts
The Arabian Gulf is key in world politics and the economy. This is because of its location and lots of oil. Gulf countries depend on oil sales for their plans. This sometimes causes tension with other countries. Knowing how the Gulf’s oil plans change is important for less conflict and world peace. Saudi Arabia, Kuwait, […]
China Steps Up Military Activity Near Taiwan After Biden-Xi Summit
Taiwan Reports Aircraft Crossing Median Line, Warships Conducting Drills Taiwan’s defense ministry reported a spike in Chinese military activity near the island, including aircraft flying across the median line of the Taiwan Strait – a previously unofficial buffer zone – and warships conducting drills. This upswing comes after a lull in activity during the recent […]
Copper Market in Flux: Bullish Thesis Tested as Prices Reach New Heights
The copper market currently finds itself at a crossroads. Recent price surges, reaching a 22-month high near $10,000 per ton, have ignited a debate amongst industry experts regarding the underlying sustainability of this rally. Architects of the bullish narrative, such as Goldman Sachs’ Nick Snowdon, foresee this as the nascent stages of a long-anticipated bull […]