Energy prices likely to normalize by 2017, oversupply may decline
Aug 22, 2016 07:33 am UTC| Commentary
The International Energy Agency has slashed estimates of an oil oversupply in the coming months, while maintaining consensus that the oil market is likely to rebalance in 2017, given that demand for the energy commodity...
Oil in Global Economy Series: All word and no cooperation makes OPEC powerless organization
Aug 17, 2016 09:45 am UTC| Commentary
Last week, the financial markets observed exactly how powerful the OPEC is and more specifically its largest producer and exporter Saudi Arabia. Last week on Monday, words got out that the OPEC members would be holding an...
Oil fails to find refuge in looming OPEC meeting as kingdom produces more
Aug 11, 2016 06:38 am UTC| Commentary
Global crude oil benchmark, West Texas Intermediate (WTI) and North Sea Brent both failed to maintain their gains made after the OPEC meeting announcement, amid ahigh level of inventories and higher production. On Monday,...
API reports surplus, while WTI awaits EIA report: call updated
Aug 10, 2016 12:31 pm UTC| Commentary
As forecasted, WTI is likely to head towards the target of $35 per barrel. WTI is currently trading at $42.7 per barrel. Key factors at play in Crude market OPEC countries have announced an informal meeting in...
Oil in Global Economy Series: A lesson from history for the future
Aug 10, 2016 07:58 am UTC| Commentary
The global energy market is under constant evolution and right now we are in the midst of a major revolution. Its the evolution of the natural gas as a major power source that will replace oil. We have mentioned this...
Oil in Global Economy Series: What factors to watch out for?
Aug 03, 2016 11:03 am UTC| Commentary
As expected and forecasted, WTI is heading towards a test of $35 per barrel area, where we are expecting to give a pause before it bounces back or slides further. To determine which side the market might, one will have to...
Political unrest in Turkey may jeopardize stability of oil supplies
Jul 19, 2016 06:55 am UTC| Commentary
On Friday evening, oil prices had moved slightly higher but it declined quickly as it was evident that Turkeys ports, shipping routes and transport arteries were still open for oil traffic in spite of the Turkish coup...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
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