Oil in Global Economy Series: Saudi Arabia to add pressure on free riders
Mar 24, 2017 09:34 am UTC| Commentary
Hard negotiations and fierce debates are already underway on whether the OPEC/N-OPEC deal to reduce production by almost 1.8 million barrels per day should be extended or not. This Sunday the review committee comprising...
Oil in Global Economy Series: Goldman Sachs warns oversupply ahead
Mar 24, 2017 07:23 am UTC| Commentary
As investors became worried on the increased oil production in the United States along with increased drilling activity, they have pushed the oil price lower by more than 10 percent over the past few weeks. Oil price now...
Oil in Global Economy Series: Sunday semi-OPEC meeting
Mar 24, 2017 06:35 am UTC| Commentary
Some of the members of the OPEC cartel and non-OPEC countries who participated in last years production deal will hold a meeting this Sunday in Kuwait and this can be seen as a semi-final meeting before the final May...
Oil in Global Economy Series: Oil might drop further on speculative long covering
Mar 21, 2017 07:08 am UTC| Commentary
One of the biggest short-term risks for the oil price is the speculative long positions, which has been built by money managers, speculators and hedge funds in response to the OPEC and thenon-OPEC deal last November, which...
Oil in Global Economy Series: Negotiations under way as OPEC meeting nears
Mar 21, 2017 06:48 am UTC| Commentary
Negotiations are intensifying both within the OPEC and outside it to whether to extend the current oil production deal or not. The current deal involves 11 OPEC members and 10 non-OPEC countries including Russia. Saudi...
Oil in Global Economy Series: Oil under selling pressure as rig counts rise
Mar 20, 2017 09:38 am UTC| Commentary
After the inventory report released last week unexpectedly signaled a draw down, the oil price moved higher only to suffer a setback from the Baker Hughes report released at the end of last week, which showed that the...
FxWirePro: U.S. Natural gas inventory preview
Mar 16, 2017 13:22 pm UTC| Commentary
The production has declined over the course of 2016, but natural gas inventory had reached arecord high of 4 trillion cubic feet in the same year, thanks to previous two week winters, which depleted less stock. This year,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects