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Oil in Global Economy Series

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A new oil order has emerged over the past few years as oil prices have taken a plunge of about 60%. U.S., world’s one of key importer is about to become a major exporter of hydrocarbons. OPEC cartel, which has historically been a key player politically and price maker, losing its relevance and pricing power. On the energy front, renewables and gas becoming key challenger to oil’s global dominance. Moreover, this lower price is hitting energy exporters harder, creating global economic vulnerabilities. This new oil price and geo-political order demand greater analysis, which is the main focus of this series.

Oil in Global Economy Series

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

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...

Oil in Global Economy Series

FxWirePro: WTI crude forms "Dragonfly Doji", break-out of 37.75 likely to lead upside targets but constrained to 42.90 ahead of supply data

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...

Oil in Global Economy Series

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...

Oil in Global Economy Series

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 in Global Economy Series

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...

Oil in Global Economy Series

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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