While lockdowns in China are causing significant demand destruction and adding downward pressure to oil prices, the EU’s threat to ban Russian oil imports has the potential to send prices signif...
Tag: Destruction
Oil Demand Destruction Is Here Amid Ukraine War, JPMorgan Says
(Bloomberg) — Commodities markets have a well-worn saying that “the cure for high prices is high prices.” According to JPMorgan Chase & Co., the process may just be starting to happen in oil...
‘We’re starting to see demand destruction’, says expert
High gasoline prices are already impacting demand, according to one energy expert. “Above $4 per gallon, you do see the American public change their driving habits. And we do actively see demand...
Crude oil price: the only solver is demand destruction
Crude oil price has extended its previous gains to the highest level in 9 years. In early Thursday trading, the benchmark for global oil – Brent futures – were trading at $116.68; a level last recorde...
Goldman Says Demand Destruction Only Thing That Can Restrain Oil
(Bloomberg) — Demand destruction is the only thing that can stop oil shooting higher after the U.S. and European allies unleashed additional curbs on Russia following its invasion of Ukraine, ac...
Inflation, Omen Of Creative Destruction
Inflation is now running at the unconscionable rate of 7 percent per year. In the bad old days of the 1970s and the early 1980s, consumer price increases were regularly in the double digits. Inflation...