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Saudi Arabia Confident in Oil Rebounding on Global Growth – Bloomberg
Saudi Arabia Confident in Oil Rebounding on Global Growth – Bloomberg. Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting demand. Prices will recover from a slump due to a glut created by a lack of cooperation from producers outside the Organization of Petroleum Exporting […]
The reason oil could drop as low as $20 per barrel
The reason oil could drop as low as $20 per barrel. How low can it go — and how long will it last? The 50 percent slump in oil prices raises both those questions and while nobody can confidently answer the first question (I will try to in a moment), the second is pretty easy. […]
Cheap Oil: Too Much Of A Good Thing? | Jaya Bajpai | LinkedIn
Cheap Oil: Too Much Of A Good Thing? | Jaya Bajpai | LinkedIn. The 40% drop in oil prices over the past 6 months has garnered a lot of attention recently, most of it focused on the economic stimulus lower oil prices should provide the global economy, the impact on currency and fixed-income markets and […]
Saudi Arabia Says Hard for OPEC to Give Up Oil-Market Share – Bloomberg
Saudi Arabia Says Hard for OPEC to Give Up Oil-Market Share – Bloomberg. Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister said. Global oil markets are experiencing “temporary” instability caused mainly by a slowdown in the world economy, Oil […]
Oil jumps 3 percent to $63 as energy firms slash investments | Business | Reuters
Oil jumps 3 percent to $63 as energy firms slash investments | Business | Reuters. LONDON (Reuters) – Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil’s six-month price rout forced more energy firms to cut investments in new production. Oil this week […]
Saudi Arabia’s Oil Exports Drop Was Sign of Weaker Demand – Bloomberg
Saudi Arabia’s Oil Exports Drop Was Sign of Weaker Demand – Bloomberg. Saudi Arabia shipped 10 percent less oil overseas in October than it did a year earlier, signaling demand was falling even before OPEC decided a month later to hold production unchanged with prices plunging. Oil exports fell to 6.9 million barrels a day in […]
Oil Price Scenarios for 2015 and 2016 – The Automatic Earth
Oil Price Scenarios for 2015 and 2016 – The Automatic Earth. A couple of weeks ago I had a post titled The 2014 Oil Price Crash Explained that was cross posted to over 20 other blogs including The Automatic Earth and Zero Hedge. In this post I use the empirical supply and demand dynamic described in that earlier post (Figure […]
“Oil May Drop To $25 On Chinese Demand Plunge, Supply Glut, Ageing Boomers” | Zero Hedge
“Oil May Drop To $25 On Chinese Demand Plunge, Supply Glut, Ageing Boomers” | Zero Hedge. We have forecast since mid-August that Brent oil prices would fall to “$70/bbl and probably lower”, and the US$ would see a strong rise. As Chart 1 shows, Brent has now reached our target, falling 40%, whilst the US$ […]
OPEC Denies Price War, Shows Faith In Markets
OPEC Denies Price War, Shows Faith In Markets. OPEC Secretary-General Abdullah al-Badri is urging the cartel’s 12 members to maintain production and exploration despite a lower demand for oil. Yet al-Badri told an energy conference in Dubai on Dec. 14 that he is as baffled as anyone why the price of oil has dropped by […]
Oil: The Battle For Market Share & The Saudi’s 1985 Playbook | Zero Hedge
Oil: The Battle For Market Share & The Saudi’s 1985 Playbook | Zero Hedge. Via BofAML’s Jake Greenberg, OIL: the battle for market share & the Saudi’s 1985 playbook Stay positioned for “a good sweating” = stay short the SXEP (European Oil & Gas Stocks) and sell rallies In 1985, the Saudis chose volume over price to […]
Oil’s Crash Is the Canary In the Coal-Mine for a $9 TRILLION CRISIS | Zero Hedge
Oil’s Crash Is the Canary In the Coal-Mine for a $9 TRILLION CRISIS | Zero Hedge. The Oil story is being misinterpreted by many investors. When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 […]
Oil Jumps Most in Two Weeks as Fighting, Strike Curb OPEC Output – Bloomberg
Oil Jumps Most in Two Weeks as Fighting, Strike Curb OPEC Output – Bloomberg. Crude oil jumped the most in two weeks on signs output may contract from two nations accounting for about 9 percent of OPEC production. Prices remain near a five-year low, and the United Arab Emirates said the 12-nation group won’t rein […]
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge. In space, no one can hear you scream… unless you happen to be Venezuela’s (soon to be former) leader Nicolas Maduro, who has been doing a lot of screaming this morningfollowing news that UAE’s Energy Minister Suhail Al-Mazrouei said OPEC […]
U.A.E. Says OPEC Won’t Change Output Even If Price Drops to $40 – Bloomberg
U.A.E. Says OPEC Won’t Change Output Even If Price Drops to $40 – Bloomberg. OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said. […]
How Countries Around The World Are Coping With Falling Oil Prices
How Countries Around The World Are Coping With Falling Oil Prices. On Friday, the price of benchmark crude oil dropped to new five-year lows. The price of oil has been plummeting for months, leaving oil-producing nations around the world aghast at their sinking revenues. Poor global economic growth has cut demand, while the U.S. is producing oil faster than […]
