Muhammad Averous

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Oil drops to $48 as Gulf official says Opec will keep pumping

No end seen in oil price slump as Brent crude hits $48 per barrel level as Opec digs in for price war<p>Brent crude fell briefly below $49 per barrel Friday after better US jobs numbers strengthened the dollar and a Gulf official signalled that Opec will stick to its strategy of watching prices tumble.<p>…

Boom goes bust for oil drillers as crude prices tumble

With a global supply glut sending prices for crude plummeting, U.S. oil drillers are pulling up stakes as if fleeing a blown out well.<p>The number of …

Brazil's Biggest Oil Company Is Headed For Disaster

The state-owned oil company owns some of the largest untapped oilfields in the world; so it's a darling of emerging-market investors.<p>And with shares down around 50% over the past year, many investors now think it's cheap enough to buy.<p>But it isn't. The company's spending is out of control, its …

Slumping Wages Won't Bring Deflation

The decline of wage growth was the most puzzling aspect of this morning’s otherwise strong U.S. jobs report. Based on the entirety of recent …

Banking on better forecasts: the new maths of weather prediction

Later this year the Met Office’s new £97 million supercomputer is due to become operational. The machine promises to greatly improve the precision, detail and accuracy of the weather forecast.<p>How will it do this? I research weather prediction at Oxford University’s department of Atmospheric, …

Weather

Why oil could rebound to $80. Yes, $80.

Oil bulls are a lonely bunch these days.<p>The price of crude tumbled below $50 a barrel earlier this week. And even though prices have started to stabilize a bit, many experts still don't think the sticky black stuff has bottomed just yet.<p>But there's one brave soul who believes that there are better …

Oil