![]() “Rebalancing of the market does not equate to a return to the status quo ante,” the International Energy Agency said in its oil market report released on January 16. When prices recover, however, it will be not be the same old ballgame. It could be a while before oil gets to firmer ground. Weighing on prices was China’s slowing economic growth and cuts in the International Monetary Fund’s global GDP forecast for this year and 2016. On January 20, Brent crude for March delivery fell another 1.5% to $48.11 a barrel on the ICE Futures exchange in London, while on the New York Mercantile Exchange, crude oil futures for February delivery fell 5.3% to $46.13 from the prior trading day. Since hitting a peak in June, oil prices have skidded by about 60% to land at six-year lows and they have remained mired in the doldrums. But while prices are eventually expected to rise, there are signs that this may not be the typical boom-and-bust cycle the oil industry has experienced in the past, especially as shale oil occupies a growing role in the world’s oil supply. Vigilant Leaders: Paying Attention to What Matters Most July 25, 2022Ĭrude oil prices will struggle to find a bottom in the near term, as the market continues to be awash in oil in the face of lower-than-expected global demand, especially from emerging economies.See It My Way: Top Tips for Persuading Others August 9, 2022.Preventing Burnout: The Demand-Control-Support Model September 27, 2022. #THE WORLD AFTER OIL HOW TO#Meet the Authors: Wharton’s Katy Milkman on How to Change May 14, 2021.Meet the Authors: Mauro Guillén on How Businesses Succeed in a Global Marketplace June 21, 2021.Meet the Authors: Wharton’s Peter Cappelli on The Future of the Office November 4, 2021.Meet the Authors: Erika James and Lynn Perry Wooten on The Prepared Leader October 3, 2022.How Social Class Affects the Career Ladder October 29, 2021.How Data Analytics Can Help Advance DEI January 18, 2022.Action, not Words: Creating Gender and Racial Equity at Work July 11, 2022.Navigating Microaggressions at Work November 1, 2022.Great Question: Kevin Werbach on Cryptocurrency and Fintech July 21, 2021.Great Question: Dean Erika James on Crisis Management August 16, 2021.Great Question: Wendy De La Rosa on Personal Finance October 15, 2021.Great Question: Witold Henisz on ESG Initiatives November 17, 2021.Investing with Impact: Becoming a ‘Responsible Steward’ March 22, 2022.Making the Business Case for ESG May 3, 2022.How Companies and Capital Can Be Forces for Good June 21, 2022.Investing in Refugee Entrepreneurs in East Africa August 8, 2022.How the Dialogue on Diversity Is Reshaping Business December 7, 2020.Tackling the Climate Crisis: Can Business Lead the Way? October 25, 2021.How Corporate Governance Is Changing November 23, 2021.Beyond Business: Humanizing ESG December 13, 2021. ![]()
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