BRIAN GAYNOR: Oil prices dive - what’s the problem?

BRIAN GAYNOR: Oil prices dive - what’s the problem?
Brian Gaynor
The sharp decline in oil prices is a simple case of Economics 101, particularly the laws of supply and demand.United States production of petroleum and other liquids has increased dramatically in recent years and it is now the world’s largest producer by a wide margin. Only 15 years ago, the US was in third position, behind Saudi Arabia and Russia.The dramatic surge in US production has accounted for more than 70 percent of the global supply expansion over the past decade and a half. This has been in a situation where there has been a major dri...

More Infrastructure

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

Oliver Lewis 04 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
The keys to unlocking Northport's land value
Infrastructure

The keys to unlocking Northport's land value

MMH's land is valued at five times less than its next-door neighbour, Channel.

Ian Llewellyn 30 Jun 2025