UK Chancellor of the Exchequer, George Osborne made his first statement since the UK’s EU referendum this morning in a bid to stabilise markets. He stressed that the UK government is “ready to deal with the consequences” and that the UK economy is strong. Despite these reassuring words, he also heeded that there will need to be “a period of adjustment” and that “there is going to be an impact on public finances”, although any new budget would b…
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Since plummeting to 13 year lows in February oil prices have seen a big bull market with prices nearly doubling to its level of 50.70 for Brent & 50.30 for WTI Crude. This has been aided by either production declines or supply glitches in many oil producing countries. Nigeria for one have been experiencing big problems with a militant group calling themselves Niger Delta Avengers. For the last 4 months they have been prowling the swamps of Nigeria’s petroleum-rich…
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