Key commentaries from Russia's Alexander Novak
Mar 02, 2016 07:51 am UTC| Commentary
For those who are not familiar with Mr. Novak, he is Russias oil minister and his commentaries below are very important, since it came after oil executives meeting with Russian president Vladimir Putin in...
Industrial commodities’ prices likely to recover further through 2016 as markets tighten
Feb 25, 2016 06:52 am UTC| Commentary
Many industrial commodities prices, including base metals and oil, seem to be finding a floor, based on the day-to-day volatility. This is consistent with the relative positive outlook for the remainder of 2016. However,...

Moody's: Global banks' credit risks to low oil prices rising
Feb 25, 2016 00:09 am UTC| Research & Analysis
The deepening oil price slump will intensify pressure on banks globally, with those in major net oil-exporting countries most exposed to credit risks in the near-term, said Moodys Investors Service. In a new report on...
Norway’s weak oil investments likely to weigh on economy
Feb 24, 2016 11:59 am UTC| Commentary Economy
Norways Q1 oil investment survey suggested that oil investments declined by 14% in 2016 as compared to 2015 levels. The print was weaker than Norges Banks forecast of 11% decline. The decline was due to a 6 billion NOK...
Oil prices decline over Saudi Arabia and Iran disagreements
Feb 24, 2016 11:24 am UTC| Commentary
Oil prices continue to remain volatile as Brent and WTI declined by more than 4% yesterday. As a result, they lost most of the gains they had attained on the previous day. In the morning session, oil prices continued to...
A positive oil supply deal remains elusive
Feb 22, 2016 16:36 pm UTC| Commentary
The Doha agreement has raised hopes for a cut in world crude supply, but such an outcome remains elusive. Participation by Iran, has not been secured. Iran has vowed to restore its market share to pre-2012 levels now that...

The Saudi-Russian oil gambit has little to do with prices
Feb 22, 2016 14:46 pm UTC| Insights & Views
Saudi Arabia and Russia, the worlds two most powerful oil producers, have reached a tentative agreement to freeze oil production at its current levels. As the first deal between an OPEC and non-OPEC member in 15 years, it...