Oil in Global Economy Series: Watch the contango and backwardation in oil market
Dec 09, 2016 10:00 am UTC| Commentary
One of the best ways to assess, whether the OPEC deal to cut oil production by 1.2 million barrels per day and non-OPEC countries commitment to cut production by 0.6 million barrels per day were effective in cutting down...
Oil in Global Economy Series: N-OPEC wins, OPEC lose
Dec 09, 2016 07:49 am UTC| Commentary
The biggest loser in the oil deal agreed in Vienna is the OPEC cartel and the biggest winners are the non-OPEC countries, many of whom wont even take part in the production cuts being organized by some non-OPEC countries...
Oil in Global Economy Series: Watch out for N-OPEC meeting tomorrow
Dec 09, 2016 07:02 am UTC| Commentary
OPEC countries met on November 30th and delivered the much anticipate deal that would see a production cut from the cartel in the tune of 1.2 million barrels per day effective from January. Now it is time for the non-OPEC...
Oil in Global Economy Series: Why even after OPEC deal EIA forecasts $50 per barrel oil for 2017?
Dec 08, 2016 08:12 am UTC| Commentary
On November 30th, OPEC members reached a deal to cut production by 1.2 million barrels per day and non-OPEC members would join in with another 0.6 million barrels per day production cut. The deal was supposed to be nothing...
Was the OPEC deal a win-win for all?
Dec 08, 2016 07:04 am UTC| Commentary
Win-win for all? Certainly not. Looking at the deal, one might assume that Saudi Arabia has shouldered the biggest cuts among OPEC members but close scrutiny revealthat may not be the actual case. To understand that one...
Why OPEC's squeeze on oil prices is getting weaker all the time
Dec 06, 2016 04:00 am UTC| Insights & Views
OPECs recent decision to cut oil production for the first time in eight years marked the return of the oil cartels favourite tactic: squeeze supply in a bid to jack up the price. Of course, this is nothing new. In 1851,...
Markets skeptical about long-term ramifications of OPEC deal
Dec 05, 2016 15:10 pm UTC| Commentary
Oil prices rallied last week after the OPEC agreed to cut output for the first time since 2008. However, investors still doubtful if the deal would help rebalance the oil markets in the long-run. Oil futures slipped on...
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