Oil prices surprise by sudden rebound
Jan 22, 2016 12:33 pm UTC| Commentary
Despite massive oversupply of US inventory, the oil prices have soared more than $3 to $31 per barrel since yesterday afternoon. US crude oil stocks advanced nearly 4 million barrels in the previous week and are at 130...
S&P may cut oil countries' ratings to reflect 'new reality'
Jan 22, 2016 10:28 am UTC| Research & Analysis
Credit rating agency Standard Poors signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last years move when it made a big group of cuts all at...
Saudi Aramco calls $30/barrel oil irrational
Jan 22, 2016 10:18 am UTC| Commentary
Saudi Arabia since the oil price rout has been pursuing overproduction strategy and to push prices to such extend that high cost producers are forced to get out of the market. However, situation might be getting tense even...
OPEC countries optimistic on oil market balance
Jan 21, 2016 16:20 pm UTC| Commentary
Oil prices (both Brent and WTI) have been trading below $30 a barrel. The price of oil has dipped to levels that it favors more for buyers than for sellers. The rationale being that oil producers will definitely put a cap...
Oil markets likely to remain heavily oversupplied in 1H2016
Jan 21, 2016 10:38 am UTC| Commentary
The current oil market conditions continue to deteriorate, further putting downward pressure on spot and forward prices. Oil prices declined over 5 percent today, falling below $30/bbl as U.S. economic data failed to...
Oil recovery falters, triggers renewed bout of risk-aversion
Jan 21, 2016 06:56 am UTC| Commentary
Oil prices were stable early on Thursday after hitting fresh 2003 lows in its previous session. The front-month West Texas Intermediate crude futures was trading at $28.66 per barrel at 0155 GMT, up 31 cents from its...
OPEC upgrades its outlook for world oil demand for 2016
Jan 20, 2016 21:11 pm UTC| Commentary
Weak demand and worries over the worsening global oil surplus pressured prices over the prior trading week, with both WTI and Brent hitting their fresh multi-year lows. A global crude glut and slowing demand are major...
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