FxWirePro: WTI Plunges Below $30 Again, Hedge Expanding Coronavirus Apprehensions
Mar 16, 2020 11:45 am UTC| Research & Analysis Investing
Almost all commodity prices are vulnerable amid global slowdown caused by coronavirus, especially the global crude oil prices are plunged below $30 a barrel again. As the outbreak widens, the most severe impact on oil...
Mar 12, 2020 17:24 pm UTC| Economy
The federal government this week signed a deal with the US to access their oil reserves should global supplies be disrupted and we eat into our meagre reserve. Oil security is a hot topic in Australia we consume more...
A Glimpse At Crude Oil Market Driving Forces And Trade Strategies
Jan 23, 2020 13:53 pm UTC| Research & Analysis
Commodity markets eased further this week, especially the energy complex dropped more than 5.10%, while agriculture was down 1.9%. The BCOM index declined 1.2% with losses somewhat offset by stronger industrial...
Why the US-Iran conflict isn’t driving oil prices higher – and why it probably should
Jan 18, 2020 12:10 pm UTC| Insights & Views
Assassinations, militaries on high alert, geopolitical tensions at the boil. Any one of these in Persian Gulf countries would have roiled oil prices a few years ago. Today, even in combination, they hardly register. Is...
US oil downside capped by 200- day MA, jump till $60 likely
Jan 14, 2020 12:38 pm UTC| Technicals
Ichimoku Analysis (Daily chart) Tenken-Sen - $61.78 Kijun-Sen- $61.67 US Oil recovered slightly after the decline of more than 10% from temporary top $65.72 formed on Jan 8th, 2020. The jump mainly came on US-Iran...
Crude Oil’s Driving Forces - WTI & Brent Trading and Hedging Strategies
Jan 14, 2020 11:39 am UTC| Research & Analysis
Crude oil briefly jumped above $70/bbl (Brent) on two occasions this past week as concerns over a potential war in the Middle East, raised the spectre of widespread damage to oil supply and spare capacity. Tensions...
South Africa has huge 'green fuels' potential. But it needs to act now
Jan 10, 2020 10:28 am UTC| Insights & Views Economy
South Africa needs to seriously start thinking about shifting its energy focus. This is for two reasons. The first is that the countrys important exports coal and platinum face potential collapse with the imminent...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight