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One Reason This Energy Shock Is Not Like The One 15-Years Ago
One Reason This Energy Shock Is Not Like The One 15-Years Ago
Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock "is not like 2011-2014" will be the absence of a comparable response from the shale patch, suggesting consumers are more likely to bear the brunt of the pain.
Kapteyn noted that, on an inflation-adjusted basis, oil prices in 2011-2014 were actually higher than they are today, yet the U.S. economy absorbed that...
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IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock
IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock
The head of the International Energy Agency told the Financial Times on Friday that the world is severely underestimating the scale of the Gulf energy shock, and that it may take at least six months to restore disrupted oil and gas flows.
Fatih Birol described the conflict, now in its third week, as "the greatest global energy security threat in history", and said it would take time "to have oil and gas rehabilitated".
"It will be six...
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Mar 4, 2026 / Jason Ditz
Syria Masses Troops Along Lebanon Border, Closes Crossing for Departure
As Lebanon comes under growing attack by Israel, tens of thousands of Syrian refugees who had fled to Lebanon are finding themselves scrambling to return home. The Islamist government in Syria has reported some 40,000 people have crossed back in from Lebanon in recent days. At the same time this is going on, Syria is […]
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