Oil In Global Economy Series: Vanishing petro-Dollars likely to add to Saudi banking fragility
Mar 23, 2016 06:39 am UTC| Commentary
Saudi Arabias banking system likely to suffer liquidity setback as oil price, which despite recent gains, down more than 60% from its peak in summer of 2014. So far Saudi Arabia has withstand oil shock and survived...
Oil In Global Economy Series: Production freeze, shale swing and pinch of salt
Mar 22, 2016 11:04 am UTC| Commentary
Global oil market watchdog, International Energy Agency (IEA) in its last report indicated that oil price may have bottomed out and cited recent negotiations and agreement between OPEC and non-OPEC producers, which led to...
Mar 21, 2016 13:14 pm UTC| Technicals
Finally, WTI crude oil prices has been able to show some more strength after the talks between Saudi Arabian and Venezuelan oil ministers on oil production freezing. Technical roundup: More bullish environment is...
Further gains in oil prices to be tempered by near-term oversupply
Mar 21, 2016 07:44 am UTC| Commentary
Crude oil prices are expected to decline due to near term oversupply after surging more than 45% from their January lows. In Q2, supply is likely to surpass demand by almost 1.3mb/d. This will further add to the already...
Mark your calendars: OPEC, non-OPEC meeting on April 17th
Mar 16, 2016 11:02 am UTC| Commentary
Energy ministry of QATAR confirmed today that follow up OPEC meeting to last months, where Russia, Qatar, Venezuela and Saudi Arabia met and agreed to production freeze at January levels will be happening on April...
Oil price drop may not bear well for Dollar
Mar 15, 2016 13:10 pm UTC| Commentary
Oil and Dollars fate is strangely intertwined strangely these days. While oil gets pressured by stronger Dollar, weaker former takes toll over inflation expectations, thus preventing FED from hiking, so weakening the...
Contango diminishes in oil amid hedging
Mar 14, 2016 09:43 am UTC| Commentary
Oil curve is flattening as spot rises more than future. Oil market has been in a contango for several quarters now, which led to producers hedging their future production along the curve, which largely improved their...
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