oil
A house-price crash will be just one effect of the Kwarteng calamity
Where next for house prices? Clearly, they’re going down as mortgage rates go up – and my forecast in May…
Opec will regret taking on the US
Production will be cut. Supplies to the rest of the world will be curbed. And inflation will rise just a…
The bonus cap was boneheaded but is this the moment to scrap it?
Chancellor Kwasi Kwarteng – keen to sharpen the City’s competitive edge, we’re told – wants to remove the legislative cap,…
Insult Macron at your peril: we may need his electricity
‘The jury’s out’, was Liz Truss’s pert response to the question ‘Macron: friend or foe?’ at last week’s Norwich hustings.…
The realpolitik of Saudi oil profits and that infamous fist-bump
How outraged should we be that Saudi Aramco has reported a world-record quarterly profit of $48 billion, representing a giant…
Macron’s Russian oil plan is bound to fail
It will drain Vladimir Putin of funds for his war machine. It will bring down inflation. And it might even…
No wonder shares are falling but when will they turn?
Stock markets are tumbling, but given the tide of economic news, that’s hardly surprising. The S&P 500 index dived into…
Who dares ask how far Brexit is to blame for UK inflation?
After the Jubilee dream of a lovely lost Britain, back to reality with a face-slap: the reality of the £8…
The EU’s oil ban is a damp squib
When Putin’s tanks rolled into Ukraine on 24 February there was a conceit that this might be the first war…
No, BP’s profit hasn’t boosted Starmer’s windfall-tax call
BP’s ‘underlying’ first-quarter profit of $6.2 billion, compared with $2.6 billion in the first quarter of 2021, was a direct…
It’s time to clamp down on militant protesters
The right to protest against the policies of the government of the day, the system in general or even just…
Biden is right: crypto world needs regulatory control
President Biden’s executive order ‘Ensuring Responsible Development of Digital Assets’ won praise on all sides, an unfamiliar experience for one…
The West has to bite its lip for Saudi oil
It would be ridiculous to claim that Boris Johnson’s visit to Saudi Arabia is not morally problematic. He is going…
The madness of mutual mayhem — and not exploiting our own fuel reserves
I’ll approach the hot topic of a ban on Russian oil by way of personal anecdote: I’ve never been a…
Can Boris get the Saudis to pump more oil?
The oil price is up by more than 40 per cent since the start of the year. It is being…
Why would the Saudis bail out Biden?
Is Saudi Arabia shunning Washington? Mohammed bin Salman has reportedly been refusing to phone Joe Biden, who wants the kingdom to…
The Theroux Paradox
In the latest episode of Louis Theroux’s Forbidden America, Louis asked a rapper called Broke Baby if ‘it’s important to…
Does Nicola Sturgeon care more about oil revenue or climate change?
‘Now, as I’ve hopefully made clear throughout all of my remarks, the North Sea will continue to produce oil for…
Is the UK trapped in an inflationary spiral?
Are we heading for a 1970s-style inflationary spiral? Not according to Catherine Mann, former chief economist at Citigroup, who argues…
Deepest, darkest Peru
As the planet gets more and more ravaged, the mind can begin to glaze over at the cumulative general statistics…
Trump sealed the deal last night
First, let me pay brief homage to Kristen Welker, moderator of Thursday night’s debate between Donald Trump and Joe Biden.…
Putin plans to make the West destroy itself
There’s only one person who’ll be genuinely pleased with the UK Intelligence and Security Committee’s Russia report, finally revealed on…
Oil on troubled waters: the US-Saudi alliance is crumbling
Donald Trump said in October 2018 that the Saudi royal family ‘wouldn’t last two weeks’ without American military support. Last…
