Ben Holman

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Why Would the Saudis Deliberately Crash the Oil Markets?

On January 2, 1977, the Shah of Iran made a painful admission about his country’s economy. “We’re broke,” he confided bluntly to his closest aide, …

​UK oil industry ‘close to collapse’ as price plunges below $60 per barrel

Britain’s oil industry is in a “crisis” and may be “close to collapse,” a senior oil industry expert has said, as the UK’s biggest oil and gas companies continue to cut staff and investment and the price of crude slumps.<p>Speaking to the BBC, Robin Allan, chairman of the independent explorers’ …

Here's How Much Oil The World's Biggest Oil Players Are Sitting On

Despite Saudi Arabia's huge reserves, RBC writes that "a policy of keeping prices low for the prolonged period needed to put US shale producers out of business would essentially eliminate the country's reserves. According to the International Monetary Fund, if oil prices fall $25 below the Fund's …

Oil

Saudi Arabia Can't Afford To Have Oil Prices This Low For Very Long

In a new note, RBC Capital Markets analyst Helima Croft takes a look at both the fiscal and external breakeven crude-oil prices for countries across the Middle East.<p>Fiscal breakeven is the price required for countries to balance their budgets, while the external price is what is needed for a …

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India