Oil may have bottomed according to IEA
Mar 11, 2016 09:53 am UTC| Commentary
The agency, which was predicting a glut to persist till the end of decade, suggested that oil price may have bottomed in todays released report. Oil price has gained close to 50% from their made in early February, however...
Moody's: Impact of low oil prices on global corporate sectors shifts as oil glut continues
Mar 10, 2016 03:10 am UTC| Research & Analysis
The benefits of this prolonged period of very low oil prices are diminishing for some corporate finance sectors or even starting to have a negative impact on others, said Moodys Investors Service. The exploration ...
API reports surplus, while WTI awaits EIA report – calls updated
Mar 09, 2016 12:12 pm UTC| Commentary
WTI is trying to crawl back some of the loss from yesterday. Further rise towards $40-41 area likely. WTI is currently trading at $37.1/barrel. Key factors at play in Crude market: OPEC and non-OPEC members will...
Moody's: Protracted fall in oil and China slowdown mean weaker global growth, not recession
Mar 07, 2016 23:00 pm UTC| Research & Analysis
The protracted decline in oil prices and weaker growth in China have prompted a reappraisal of global economic growth prospects, causing risk aversion to rise and financial market conditions to tighten. However, while the...
Oil price will probably defend its recent gains in the week ahead
Mar 04, 2016 15:24 pm UTC| Commentary
The price of Brent oil climbed mid-week to an eight-week high, at around 37 USD per a barrel. For six weeks, US production has been steadily declining and is now at the level of November 2014, which is likely supporting...
China’s oil consumption intensity unlikely to converge peers
Mar 04, 2016 10:51 am UTC| Commentary
Currently, China is the second largest oil consumer in the world, after the US. Chinas oil consumption per capita rises until a certain point of development and then flattens out. However, while climbing, oils consumption...
Oil in global economy series: Middle East customer base is more diversified than Russia
Mar 04, 2016 09:27 am UTC| Commentary
As oil price has dropped about 70% from its 2014 summer peak, all in all global oil producers are in tough position. However, situation and level of risks differs from region to region. Like biggest threat to Saudi Arabia...
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