Oil prices likely to rise in H2 2016 as supply glut starts to contract
Mar 04, 2016 08:03 am UTC| Commentary
Oil prices are expected to have bottomed out in January and are likely to increase throughout 2016 and 2017. A sharper rise in the prices is expected in H2 2016 as the huge supply glut is beginning to shrink. We have...
Oil in global economy series: Asia’s long oil is biggest prize for producers
Mar 04, 2016 07:53 am UTC| Commentary
One of the many reasons, why oil price is struggling to recover is continued fight for market share among the top producers namely Saudi Arabia, Iran, Iraq and Russia. US can also be considered to have joined the fight...
Oil prices ignore massive inventory build, taking longer-term aspects into account
Mar 03, 2016 14:49 pm UTC| Commentary
US Department of Energy reported on Wednesday that US crude oil stocks had risen sharply by more than 10 million barrels to a new record level of 518 million barrels last week. Oil prices rose to eight-week highs...
Oil rigs are built to withstand decades at sea – taking them apart is as tough as they are
Mar 03, 2016 13:31 pm UTC| Insights & Views Technology
More than 40 years since oil first flowed from the Forties oil field, many North Sea fields are coming to the end of their productive lives. This means that platforms must be decommissioned and dismantled, the wells...
US economic rebound on track despite weakness in oil and gas sector
Mar 03, 2016 07:05 am UTC| Commentary Economy
The Feds recent Beige Book for February shows that economic activity in most of the Federal Reserve Districts increased. In Dallas and New York Districts, activity changed slightly, whereas it fell moderately across the...
Key commentaries from Russia's Alexander Novak
Mar 02, 2016 07:51 am UTC| Commentary
For those who are not familiar with Mr. Novak, he is Russias oil minister and his commentaries below are very important, since it came after oil executives meeting with Russian president Vladimir Putin in...
Industrial commodities’ prices likely to recover further through 2016 as markets tighten
Feb 25, 2016 06:52 am UTC| Commentary
Many industrial commodities prices, including base metals and oil, seem to be finding a floor, based on the day-to-day volatility. This is consistent with the relative positive outlook for the remainder of 2016. However,...
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