John Kay: How economists got the world wrong

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John Kay, former director of the Institute of Fiscal Studies and a Financial Times columnist, talks to Investec Chief Economist Philip Shaw about the thinking behind “predictive” economic theories and what we can do to avoid the pitfalls.

15 Oct 2020 English South Africa Business

S04 Ep42 Energy Market Update: Brent climbs above $90 as Middle East tensions hit energy markets

Brent crude has risen above $90 a barrel as escalating US-Iran tensions revive fears of prolonged energy disruption. Attacks on military, energy and water infrastructure, alongside the effective closure of the Strait of Hormuz, have pushed oil, diesel, jet fuel and gas prices higher. Please note: this podcast is provided…

20 Jul 5 min

S04 Ep41 Energy Market Update: Crude oil flows remain resilient despite Gulf risk

Brent traded near $70/b last week, reflecting confidence that oil will keep moving out of the Persian Gulf despite continuing risks around the Strait of Hormuz. Some operators are using shuttle runs to maintain crude flows. Please note: this podcast is provided for information purposes only and should not be…

6 Jul 3 min

S04 Ep40 Energy Market Update: Oil markets stay calm as US-Iran tensions flare again

Oil markets enter the week looking calm despite renewed US-Iran tensions. Brent fell near $71 a barrel last Friday as hopes of normal shipping through the Strait of Hormuz improved, before a drone strike on a container ship. Please note: this podcast is provided for information purposes only and should…

29 Jun 5 min

S04 Ep39 Energy Market Update: Brent falls below $76/b after Initial U.S.–Iran agreement

Brent fell below $76/b last week after the U.S. and Iran reached an initial agreement, easing some of the war-related risk premium. However, uncertainty remains over the Strait of Hormuz, the conflict in Lebanon, and whether energy flows can return to normal, leaving markets caught between short-term supply risks and…

22 Jun 6 min

S04 Ep38 Energy Market Update: Brent crude drops below $83 as US-Iran deal raises hopes for Gulf shipping recovery

Oil markets eased sharply after the US and Iran agreed the outline of an interim deal, although the agreement has not yet been formally signed and key details remain unpublished. President Trump announced the removal of the US naval blockade and the reopening of the Strait of Hormuz, while Pakistan…

15 Jun 3 min