The price of oil began trending downward starting in mid-June. Then, at the end of November, OPEC decided to maintain its production at its current level and the Brent and WTI spot prices fell sharply in response and were down 39% from their mid-June levels.
Global Economy, Competitiveness, Foreign Trade, Imports & Exports, Economic Environment, Energy
The price of oil has decreased by 39% since June. OPEC’s decision to maintain production at its current level resulted in a sharp drop at the end of November. The main reasons for the decline are increased U.S. oil production and slowing growth in world oil consumption. Barring an outbreak of turmoil in the Middle East, the price of oil is likely to remain low.
Here are the key points raised during a recent economics seminar held at the Warsaw School of Economics at which I was a panelist. Four academics and policymakers aired views on the U.S. and European approaches to crisis management and challenges to continued European integration.
I was recently invited to give a talk in Warsaw to executives of American companies operating in Poland. The seminar tackled two distinct issues of interest to Amcham members: the state of U.S. manufacturing and how TTIP (the transatlantic trade deal) is viewed by American business.
The Manufacturers Alliance for Productivity and Innovation (MAPI), a leading business research and executive education organization and advocate for manufacturing interests, announced the election of two new members to its Board of T
Here are key takeaways from discussions among mostly Italian CEOs, heads of industrial trade associations, and government officials culled from a two-day conference on “the next industrial revolution” held by Aspen Italia and Fiat Chrysler Automobiles in Turin, Italy.