Tag Archives: petrodollar

The centre of balance in the global economy has shifted east.  While the USA (for the time being) consumes the most oil, China has emerged as the biggest importer.  It is also the world’s largest coal and renewable electricity consumer.  The reason, in short, is that since the 1980s, western …

It was supposed to be the competition of the year.  Who was going to get to oversee the issue of shares in Saudi Arabia’s state oil company Aramco? Early in the year, all eyes were on the City of London, with its centuries of experience.  Next, concerns about Brexit led …