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Business Economy Featured Finance

Oil rises 1% as price drop triggers buying; oversupply worries weigh

Oil prices rebounded over 1% on Tuesday with technical rebound and dip buying after a drop in prior session by OPEC+ decision to accelerate increases in output, although concerns about the market surplus outlook persisted. Brent crude futures rose 92 cents to $61.15 a barrel by 0309 GMT, while U.S. West Texas Intermediate crude added […]

Environment Climate Energy Featured

How an oil price crash sparked clean innovation: Insights from Norway

The transition to clean energy will require a significant reallocation of technological investments away from fossil energy sources towards cleaner alternatives. This column investigates whether leveraging the technological capabilities in the fossil energy supply chain can help incentivise this reallocation with the required speed. Using data from Norway, the authors highlight an underexplored channel for […]

Finance Banking Economy Featured

Non-bank financial institutions’ reliance on banks for contingent credit under stress and its consequences

In recent years, banks’ credit line exposure to non-bank financial institutions has grown significantly. This column analyses the implications by focusing on a specific type of such institutions – real estate investment trusts. These trusts are significant investors in commercial real estate and therefore exposed to rising interest rates and economic slowdowns. They have higher […]