prices

Rent prices: Deposits and rental prices to soar - is the lockdown to blame?



THE RENTAL MARKET has come to a halt with the lockdown measures in place across the UK, and now a warning has been issued showing a decline in rental stock. But how has the lockdown triggered an increase in deposits and rental prices?




prices

House prices: Is UK property market about to crash? Latest data shows 'volatility'



IT WAS the inevitability that we were merely waiting to have confirmed. Latest data released this morning by mortgage lender Halifax indeed confirms that house prices cooled in April, as one would expect given the economic impacts of the current health crisis.




prices

Obama releases birth certificate, voters talk petrol prices

Annapolis, Maryland

"I don't care where he was born. I just wish he would do something abut gas [petrol] prices," a man in Chick and Ruth's diner on the main street of Annapolis in the US state of Maryland told me.

That is the sort of reaction President Barack Obama hopes for. His message is that the fuss about where he was born is bemusing, puzzling, silly and a "sideshow" distracting from the huge economic issues facing America.

But Mr Obama had to kick over the sideshow if the customers at the diner were anything to go by. Most people I spoke had a hazy perception that there was something slightly untrustworthy about the document released by the Obama campaign two and a half years ago. Most thought this had dragged on far too long and deserved to be cleared up.

The argument that Mr Obama isn't eligible to be US president because he wasn't born in the US was once thought to be the preserve of the political fringes, those whose "birther" nickname equates them with the "truthers" who believe 9/11 was carried out by the US government.

But it was plonked centre stage by potential Republican candidate, billionaire property developer and TV star Donald Trump, who has said several times that he doubts Mr Obama was born in Hawaii and that he has put private detectives on the case.

Mr Trump was in New Hampshire today doing multiple stops in this key state. Mr Obama's press conference both stymies his big day and gives him even more publicity. Mr Obama's aim must be to make him look deeply unserious.

Many Obama supporters feel racism motivates the birthers - disbelief that a black man can be an American president. Some birthers are opponents who hate his values so much they think he must be un-American literally as well as metaphorically.

But there's no doubt his team has handled this appallingly.

They have today released the full birth certificate. In 2008 they released a "certification of live birth". The White House communications director writes:

When any citizen born in Hawaii requests their birth certificate, they receive exactly what the president received. In fact, the document posted on the campaign website is what Hawaiians use to get a driver's license from the state and the document recognised by the federal government and the courts for all legal purposes. That's because it is the birth certificate.

That appears to be true, and the Hawaiian authorities were apparently reluctant to publish the full thing. But what could be more delicious to conspiracy theorists than the existence of an unseen document that apparently the authorities were keen to keep from the full public gaze?

In Chick and Ruth's I found a full variety of views about the issue. A waitress said it was crazy that anyone ever doubted when Mr Obama was born, an older man still thought that his president may have been born in Kenyan and wanted to study the document. A younger man had no real doubts but thought this was overdue.

It may not go away. I have already had one e-mail from someone who said he had no interest in were Mr Obama was born but claimed the new document had been doctored.

But one thing is very clear. I was in Annapolis filming a story on the economy, and nearly every customer I spoke to ended up talking, unprompted, about the price of petrol. That was the real issue for them. Like the president, they regarded anything else as a sideshow, albeit an entertaining one.




prices

oscon: Just 1 week left to take advantage of #OSCON early registration prices. Register by 6/6 to save http://t.co/E0JKpcj1Rp #opensource

oscon: Just 1 week left to take advantage of #OSCON early registration prices. Register by 6/6 to save http://t.co/E0JKpcj1Rp #opensource




prices

oscon: Only 48 hours left to get discounted tickets to #OSCON. Early registration prices end tomorrow at midnight http://t.co/E0JKpcj1Rp

oscon: Only 48 hours left to get discounted tickets to #OSCON. Early registration prices end tomorrow at midnight http://t.co/E0JKpcj1Rp




prices

Fin24.com | MTN slashes data prices

MTN on Friday announced a drop in the price of monthly data bundles and customers will now pay R99 for 1GB, 33% lower than previously.




prices

Webinar: OPEC, Falling Oil Prices and COVID-19

Corporate Members Event Webinar

7 April 2020 - 1:00pm to 2:00pm

Online

Event participants

Julian Lee, Oil Strategist, Bloomberg LP London
Dr John Sfakianakis, Associate Fellow, Middle East and North Africa Programme, Chatham House; Chief Economist and Head of Research, Gulf Research Center
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources Programme, Chatham House
Emily Stromquist, Director, Castlereagh Associates
Chair: Dr Sanam Vakil, Deputy Director and Senior Research Fellow, Middle East and North Africa Programme, Chatham House

In early March, global oil prices fell sharply, hitting lows of under $30 a barrel. Two factors explain this collapse: firstly the decrease in global demand for oil as a result of the COVID-19 pandemic and, secondly, the breakdown in OPEC-Russian relations and the subsequent Saudi-Russian price war which has seen both countries move to flood the market with cheap oil.
 
Against this backdrop, the panellists will reflect on the challenges currently facing OPEC as well as the oil industry as a whole. How are OPEC countries affected by the ever-evolving Covid-19 pandemic? What are the underlying causes behind the Saudi-Russian price war? Is the conflict likely to be resolved soon? And what are the implications of these challenges for the oil industry?

This event is part of a fortnightly series of 'Business in Focus' webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.

Not a corporate member? Find out more.




prices

Webinar: OPEC, Falling Oil Prices and COVID-19

Corporate Members Event Webinar

7 April 2020 - 1:00pm to 2:00pm

Online

Event participants

Julian Lee, Oil Strategist, Bloomberg LP London
Dr John Sfakianakis, Associate Fellow, Middle East and North Africa Programme, Chatham House; Chief Economist and Head of Research, Gulf Research Center
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources Programme, Chatham House
Emily Stromquist, Director, Castlereagh Associates
Chair: Dr Sanam Vakil, Deputy Director and Senior Research Fellow, Middle East and North Africa Programme, Chatham House

In early March, global oil prices fell sharply, hitting lows of under $30 a barrel. Two factors explain this collapse: firstly the decrease in global demand for oil as a result of the COVID-19 pandemic and, secondly, the breakdown in OPEC-Russian relations and the subsequent Saudi-Russian price war which has seen both countries move to flood the market with cheap oil.
 
Against this backdrop, the panellists will reflect on the challenges currently facing OPEC as well as the oil industry as a whole. How are OPEC countries affected by the ever-evolving Covid-19 pandemic? What are the underlying causes behind the Saudi-Russian price war? Is the conflict likely to be resolved soon? And what are the implications of these challenges for the oil industry?

This event is part of a fortnightly series of 'Business in Focus' webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.

Not a corporate member? Find out more.




prices

Episode 48 - The Internet of the International Ruling Class (IotIRC) Nintendo Switch, Davos and app prices

Host Matt Egan clips us round the ear and tells us to listen up as we chat yet more tech and then some other stuff about tech. Consumer tech editor at PC Advisor Chris Martin lays down his definitive opinion after he went hands on with the Nintendo Switch this week, and why the company really should have had their star plumber ready in time for launch. Tamlin Magee, Online Editor at Computerworld UK then takes us through the odd goings on at Davos, and whether or not the elite can identify with what tech actually means to real working people. To round us up, Acting Macworld UK Editor David Price explains why app prices are going up in the UK for iOS users, and why it might - might - not be UKIP's fault. Sort of.  


See acast.com/privacy for privacy and opt-out information.




prices

Webinar: OPEC, Falling Oil Prices and COVID-19

Corporate Members Event Webinar

7 April 2020 - 1:00pm to 2:00pm

Online

Event participants

Julian Lee, Oil Strategist, Bloomberg LP London
Dr John Sfakianakis, Associate Fellow, Middle East and North Africa Programme, Chatham House; Chief Economist and Head of Research, Gulf Research Center
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources Programme, Chatham House
Emily Stromquist, Director, Castlereagh Associates
Chair: Dr Sanam Vakil, Deputy Director and Senior Research Fellow, Middle East and North Africa Programme, Chatham House

In early March, global oil prices fell sharply, hitting lows of under $30 a barrel. Two factors explain this collapse: firstly the decrease in global demand for oil as a result of the COVID-19 pandemic and, secondly, the breakdown in OPEC-Russian relations and the subsequent Saudi-Russian price war which has seen both countries move to flood the market with cheap oil.
 
Against this backdrop, the panellists will reflect on the challenges currently facing OPEC as well as the oil industry as a whole. How are OPEC countries affected by the ever-evolving Covid-19 pandemic? What are the underlying causes behind the Saudi-Russian price war? Is the conflict likely to be resolved soon? And what are the implications of these challenges for the oil industry?

This event is part of a fortnightly series of 'Business in Focus' webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.

Not a corporate member? Find out more.




prices

Deja Vu for OPEC as Oil Prices Tumble

1 December 2014

Professor Paul Stevens

Distinguished Fellow, Energy, Environment and Resources Programme
OPEC is making the same fundamental mistakes it made during the 1980s oil price collapse.

20141201KuwaitOPEC.jpg

Traders follow the stock market activity at the Kuwait Stock Exchange on 30 November 2014. Gulf stocks plunged on their first trading day since OPEC decided to maintain oil output. Photo by Getty Images.

At the end of November amidst much speculation, OPEC kept its formal production level of 30 million barrels per day in what appears to be an oversupplied market. This controversial decision was taken because cutting production would cede market share to the growing production flooding out of the US. The immediate result was a significant fall in oil prices.

The 'official' logic behind the decision was twofold. First, it was contended that weak demand was temporary because of slow economic growth and would recover next year. Second, the argument went, lower prices would close high-cost production from the shale technology revolution. In other words, current prices were too low and the market, allowed to operate, would rectify this.  Many (rightly) saw this decision as a significant landmark in global oil markets. In effect, OPEC had ceded any semblance of control over the market and prices, instead launching the oil price onto a sea governed by market forces.

Those with knowledge of oil market history will see this as a very dangerous gamble based on two serious misconceptions. After the oil shocks of the 1970s, the market was in a similar position as now. Demand was falling and non-OPEC supply was rising. In response, to defend prices, OPEC (but effectively Saudi Arabia) cut production because the fall in demand was seen as temporary as a result of global recession and would shortly recover. It did not. Then when the oil price eventually collapsed in 1986, the OPEC view was that lower prices would quickly reverse as they would shut in high-cost production, specifically in the North Sea. These views in the 1980s were conceptual mistakes, still relevant today and likely to undermine OPEC’s current strategy. The mistakes are a failure to understand the difference between an income effect and a price effect on demand and the failure to understand the difference between a break-even price (what investors consider when deciding whether to invest in new producing capacity) and a shut-in price (what existing operators consider will cover variable costs and if not, will stop production from existing wells.).

While some of the fall in demand in the 1980s was because of the recession (an income effect), some was due to genuine demand destruction as the result of much higher prices (a price effect). Recession-induced lower demand reverses itself when the global economy recovers, but demand destruction is permanent. Today, part of the fall in oil demand is because oil prices have inexorably risen (from $32.40 in 2002 to $108.66 in constant 2013 dollars). Furthermore, many sources of recent oil demand growth, notably China and India, have been moving from subsidized domestic oil prices to higher border-based prices. OPEC’s expectations of quickly recovering demand may be optimistic as they were in the early 1980s.

OPEC is hoping lower break-even prices will reduce shale production.  Various estimates for the US shale break-even price have been bandied around (usually in the realm of $60-$80 per barrel). Most are far too high, because they ignore the fact that the recent boom in shale operations has grossly inflated project costs. If investment in new capacity slows, then project costs − and hence the break-even price − will fall.

However, in terms of OPEC’s current strategy, the break-even price is the wrong metric. What matters in the next few years is the shut-in price.  After the 1986 price collapse, a number of stripper wells in US (with high variable costs) did close, but the loss of production was minimal. North Sea production, which had been OPEC’s prime target, was hardly affected and actually increased in 1987. The current level of shut-in price for shale oil is again debatable, but almost certainly is well below $40 per barrel. Thus it will be some time before existing shale oil production falls, even if prices stay low.

Should the oil price fall towards variable costs, threatening shale supply, it will be the OPEC producers who must blink first. They will then try to take back control of the market, if they can.

To comment on this article, please contact Chatham House Feedback 




prices

Oil prices ease on renewed concern about a weaker economy

Crude oil prices fell Monday amid renewed concerns about potentially declining crude oil demand resulting from weaker economic outlook.




prices

Crude prices rise after positive news from China

Oil prices rose early Tuesday, after Monday declines, possibly helped by some positive news from China -- but doubts remain as to whether that direction will hold.




prices

Crude oil prices drop after API reported lower-than-expected draw

Oil prices fell early Wednesday, likely a result of lower-than-expected draws in an API with traders awaiting official EIA inventory data later in the day.




prices

EIA sees fuel prices below 2018 average for the next two years

U.S. retail fuel prices will drop this year and in 2020 from 2018, but in both cases higher than January levels due to mandated lower sulfur in marine fuel.




prices

Oil prices led lower by rising U.S. production, inventories

Oil prices fell early Thursday despite an OPEC report confirming a sizable cut due to bearishness related to rising United States production and inventories.




prices

Oil prices fall on rising U.S. rigs, fading Venezuelan risk

Oil prices fell Monday as the number of rigs in the United States saw a weekly rise, analysts said




prices

U.S. fuel prices near last month's levels, unlikely to change

Average fuel prices in the United States started the week at $2.26 per gallon, showing little change from the last month or last week, and may remain flat.




prices

Crude oil prices rise amid renewed Venezuela concerns

Oil prices were higher early Tuesday amid renewed concern about Venezuelan supplies but market worries about China-U.S. trade issues prevented higher gains.




prices

Oil prices rise amid ongoing concern about Venezuela

Oil prices rose Wednesday amid expectations that Venezuelan oil shipments would see some disruption following U.S. sanctions.




prices

Crude oil prices rise early Friday amid supply concerns

Oil prices rose early Friday amid supply concerns following reports of smaller-than-expected stocks, and amid reduced expectation of interest rate hikes.




prices

When Immigration Goes Up, Prices Go Down

Last week, a gallon of gas at an Exxon station in the tony suburb of Bethesda cost $2.99.




prices

2008-06-26: the cure for high gas and food prices




prices

P.E.I. gas prices leap back up

Prices on P.E.I. for gas, heating oil and diesel all took a big jump upwards Friday.



  • News/Canada/PEI

prices

Residential property prices: selected series (nominal and real)

Global real residential property prices rose 1.4% year/year in aggregate in Q3 2019, reflecting subdued developments both in advanced (+ 1.5%) and emerging market economies (+ 1.3%).




prices

Consumer Prices Set to Fall, Mute Inflation?

Inflation pressure could be weak even after consumer demand for non-discretionary goods and services begins to grow as the economy gets back on its feet.




prices

Import and Export Prices

Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are compiled for the prices of goods sold abroad but produced domestically. These prices, which exclude tariffs and taxes, measure underlying inflationary trends in internationally traded products.




prices

Residential property prices: detailed series (nominal)

Close to 300 series at various frequencies for 60 countries have been updated.




prices

Commercial property prices

Monthly and annual data have been updated for 60 countries. The average length of the monthly series is more than to 55 years. Some annual series go back to the middle of the 19th century - or even earlier for several countries.




prices

Consumer prices

The BIS's data set on consumer prices contains long monthly and annual time series for 60 countries.




prices

Consumer Prices Set to Fall, Mute Inflation?

Inflation pressure could be weak even after consumer demand for non-discretionary goods and services begins to grow as the economy gets back on its feet.




prices

Apple Watch Series 5 gets $100 price cut at Amazon, matching record low prices



Amazon has reissued its popular Apple Watch deal, dropping the Series 5 Watches with Cellular to $399 after a $100 price cut. Multiple styles are on sale and in stock.




prices

Amazon Fire Kids Edition Tablets Are Back at Cyber Monday Prices

For a limited time, the 7-inch Fire 7 Kids Edition is $40 off while the 8- and 10-inch models are both $50 off. These tablets make a great gift for 3-to-12-year olds.




prices

Deals: Roomba 675, Fire HD 8 at Black Friday Prices, More

The popular Roomba 675 is just $199 today, the 8-inch Amazon Fire HD 8 is only $50, and the 2TB Crucial MX500 2.5-inch SSD is back on sale for $200.




prices

Local Food Prices and Their Associations With Children's Weight and Food Security

A growing body of research suggests that the food environment affects children’s weight. Specifically, living in areas with higher-priced fast foods and soda is associated with lower weight and BMI, whereas higher fruit and vegetable prices demonstrate the opposite association.

Using longitudinal data on lower-income young children, this study finds that higher-priced fruits and vegetables are associated with higher child BMI, but not food insecurity, and that this relationship is driven by the prices of fresh fruits and vegetables. (Read the full article)




prices

Fin24.com | Oil prices roar back on US-Iran tensions

Oil prices made a spectacular comeback Thursday as fresh US-Iran tensions erupted, also helping equities advance after US labour market figures provided a glimmer of hope for the world's top economy.




prices

New Amazon Kindle, Paperwhite Back at Lowest Prices Ever

The top-rated Kindle Paperwhite, a PCMag Editors' Choice product, is available right now from $84.99 ($45 off) and the new Kindle is on sale starting at $59.99 ($30 off).




prices

Fin24.com | Dis-Chem hiked mask prices before costs escalated, says Commission

The pharmaceutical retailer says it was forced to increase prices of surgical masks because of suppliers' inflated quotes and to match competitors, while the commission says retailers could have been following Dis-Chem's lead.




prices

BMW 8 Series Gran Coupe Launched In India; Prices Start At Rs. 1.29 Crore

The 2020 BMW 8 Series Gran Coupe has been launched in India, with prices starting at Rs. 1.29 crore (ex-showroom India). The four-door coupe is being offered in two variants - 840i Gran Coupe and 840i...




prices

Xiaomi Mi 10 5G launched in India: Specifications, prices and availability




prices

DNREC offers compost bins and rain barrels at discount prices

elaware residents may pre-order environmentally beneficial compost bins and rain barrels at discount prices during an online sale in May. Made available by DNREC’s Division of Waste & Hazardous Substances, in conjunction with the Division of Watershed Stewardship, advance purchases must be made for both items at www.enviroworld.us/delaware




prices

BMW 8 Series and M8 launched in India: Prices start from 1.29 crore

The BMW 8 Series Gran Coupe has been launched in India for a starting price of Rs 1.28 crore while the Sporty M8 Coupe costs Rs 2.15 crore.




prices

ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody’s

Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.




prices

Dharmendra Pradhan hints at new gas policy, says low oil prices no answer

Pradhan did not elaborate on the policy reforms planned. The BJP-led government had in October 2014 evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to determine the price in a net importing country. Prices using this formula are calculated semi-annually.




prices

Crude oil prices: How low oil prices can impact your investments

Low oil prices will have a positive impact on glass manufacturing, transport, industrial power, plastics, lubricants, petrochemical, , FMCG, paint, rubber & tyre manufacturing companies




prices

Xiaomi Mi 10 5G launched in India: Specifications, prices and availability




prices

Retail prices of pulses inch up; poor largely unaffected on PDS boost

Out of 230 lakh tonne annual consumption, only a third of it is met via domestic production. Edible oils prices have gone up as the country’s 600 refineries, 500 solvent plants and 10,000 crushing mills have reduced output by half compared to pre-Covid levels, industry experts said.




prices

No conflict if state cane prices higher than minimum fixed by Centre: Supreme Court

Since 2009-10, the SMP has been replaced with fair and remunerative price (FRP) and some states like Uttar Pradesh continue to announce state-advised prices which are higher than FRPs.




prices

Tamil Nadu hikes liquor prices by up to Rs 20, Tasmac shops to open today

The Tamil Nadu government has decided to hike prices of liquor by up to Rs 20, as it is readying itself to open liquor outlets on Thursday.




prices

Andhra Pradesh’s three-capital plan could trigger 50% rise in realty prices

Industry experts say that besides the realty sector, the Chennai-Visakhapatnam industrial corridor will spur growth for other allied industries as well.