MarketLine Blog

Posts tagged to oil price

New potential OPEC-Russia deal to cut oil production levels: Other producers likely to boost supply in case of such a deal


The steep decline in the price of crude oil that began in the latter half of 2014 and reached its lowest point in early 2016 caused great disruption in countries for which oil exports constitute a major portion of total exports. Countries in this group include the OPEC nations as well as other major non-OPEC oil producers like Russia, Brazil and Canada. In December 2016, a Saudi led OPEC effort was finally able to come to an agreement with Russia and several other oil producers in the region such as… Read more

Car manufacturing sector booming in the UK: Weaker pound boosts exports, yet Brexit worries persist


2017 has been a good year for the UK car manufacturing sector as far as production levels are concerned, with the country manufacturing cars in March 2017 at a level last seen in the year 2000. Manufacturing levels have been boosted by a strong rise in exports of cars, which has come about due to the weak pound, low crude oil prices and rising demand for British cars in the Asia-Pacific region, as well as in the United States. However all of this has been happening among the backdrop of… Read more