Oil in Global Economy Series: Review of planned and unplanned supply disruption this year
Jun 10, 2016 06:10 am UTC| Commentary
One of the major factors that have been pushing crude oil prices higher issupply disruption both planned and unplanned. That supply disruption at one point taken away as much as 2.5 million barrels per day, off the market....
Oil in Global Economy Series: For many $50/barrel oil is worse than $20/barrel
Jun 02, 2016 06:21 am UTC| Commentary
Oil prices have climbed more than 80% from their lows in February and currently, looking to challenge $50/barrel area, after a brief breach last week. But that is not good news for many, whose cost of production is much...
Crude oil updates ahead of inventory and OPEC meeting
Jun 01, 2016 10:33 am UTC| Insights & Views
Supply expected to tighten due to wildfire in Canada and declining lower 48, while demand stays strong. Diminished supply due to outages has nearly balanced the market as demand remains healthy. The ongoing low oil...
No major surprises expected from OPEC meeting
May 31, 2016 13:37 pm UTC| Commentary
A meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna is scheduled on June 2nd. Chinese manufacturing data ahead of OPEC meet to remain a key driver for oil prices. OPEC meeting is unlikely to...
Higher oil prices could see return of inflationary pressures to Asia
May 27, 2016 11:10 am UTC| Insights & Views
In emerging Asia, oil prices constitute a significant proportion of production costs for many items with large weights in the CPI baskets. Inflationary pressures are set to return to Asia as oil and food prices edge...
Oil in Global Economy Series: What fundamentals at play in oil market currently?
May 19, 2016 10:53 am UTC| Commentary
North American benchmark WTI, has risen 85% or more from its February low and up around 28%, so far this year. It is now challenging a key resistance ($49/barrel) around more important psychological level ($50/barrel). It...
Why should oil bulls be cautious?
May 17, 2016 08:42 am UTC| Commentary
Production drop in United States to 8.8 million barrels/day, close to 1.8 million per day production drop in Canada due to wildfire and outages in countries like Libya, Nigeria is fuelling the rise in oil prices. WTI is...
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