Key highlights from IEA oil market report
Feb 09, 2016 11:08 am UTC| Commentary
Latest report from International Energy Agency, warned on recent upticks in oil price as it expects the glut not only to continue but storages across globe to keep filling up. According to IEA, supply demand mismatch for...
Low oil prices to hamper Russia's recovery, expect extended recession into 2016
Feb 08, 2016 16:37 pm UTC| Commentary
The extended drop in oil prices is hamper Russias economic recovery. The persistently low global energy prices will lead to a drop in the current account surplus. At the same time, RUB depreciation is lowering real...
Morgan Stanley cuts Crude forecast $30/barrel for 2016
Feb 05, 2016 08:57 am UTC| Commentary
No matter how sharp the rallies are, crude is finding wave of selling pressure. Two days back North American benchmark, WTI staged a more than 8.5% rally after dropping below $30/barrel, however there hasnt been much of a...
Fitch: Nigeria's Oil Response Has Downside Fiscal, Growth Risks
Feb 04, 2016 13:01 pm UTC| Research & Analysis
The Nigerian authorities recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to blunt the effects of...
Crude Oil: Volatility is my name
Feb 04, 2016 07:50 am UTC| Commentary
Crude price has been volatile in 2015 too, however this year it is facing levels of volatility not seen since financial crisis of 2008/09. Yesterday crude price dropped below $30/barrel again, however moved higher in New...
Oil prices likely to remain low for some time, larger output cuts required to rebalance oil market
Feb 04, 2016 07:39 am UTC| Commentary
The outlook of most of the commodity markets, particularly crude oil, is dominated by the supply glut conditions. There has been an excess build-up in the production capabilities of non-OPEC energy producers, led by...
Oil slips despite production cut hints
Feb 03, 2016 21:20 pm UTC| Commentary
Oil price faces downward pressure from the weak economic data from China as well as US. Moreover the manufacturing sector in the two most important oil consumer countries is in a recession, which is increasing fears about...
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