Articles by Chan Chung

China recently devalued its yuan by about 1.9 percent, marking the largest drop in two decades. The devaluation came as a surprise to many markets…

As a long-time oil economics researcher, I have spent more than a quarter century doing research on oil markets. Most of my research considered the…

An exchange rate is a ratio of two currencies whose movement primarily reflects changes in both countries that issue those currencies. In my international trade…

There is more than one reason to store oil as producers turn out more oil than the world demands, which is the case now. Stored…

It is difficult for countries to manage their macroeconomic policies to promote economic growth in today’s challenging global environment of slow growth, regardless whether the…

Oil prices have plunged by more than 40 percent in the last six months and if they go below $60 a barrel, and they should,…

To the surprise of many, Japan has pushed itself into another bad recession in the last two quarters of this year. An economic recession is…

OPEC will have its incoming meeting Nov. 27. This is a considerably important meeting for oil prices, global economic growth and all motorists in the…

To implement its oil market share stabilization policy, Saudi Arabia is launching a three-prong price war against the United States, Russia and Iran. With objectives…

Oil prices collapsed in 1985 after the Saudis could not continue to perform the role of swing producer, which considerably squeezed their oil productions and…