Oil rallies on Geopolitical tensions, Dollar's drop
Jan 04, 2016 07:25 am UTC| Commentary
Oil prices jumped on Monday as the diplomatic rift between Saudi Arabia and Iran stoked fears of a supply disruption, while the weakening US dollar boosts demand for the commodity as well. Both crude benchmarks headed...
Oil up as Saudi Arabia severs tie with Iran
Jan 04, 2016 05:17 am UTC| Commentary
Oil moved up on first global trading day of the year as Saudi Arabia severed its diplomatic ties with Iran over weekend. Saudi Arabia, executed 47 people on Saturday for planning and carrying out terrorist attack or...
How tough is it for commodity producers – ask Anglo
Dec 24, 2015 12:20 pm UTC| Commentary
Commodity producers all over the globe are struggling to cope up with dramatic drop in prices. Companies that were considered giants, even during 2008/09 financial crisis are now crumbling. Glencore, few weeks back was hot...
Natural gas on its best weekly run since 2013/14 winter rush – time to jump?
Dec 24, 2015 11:38 am UTC| Commentary
Has winter finally arrived for natural gas? From price rally it suddenly seems so. Natural gas is on its way for its best weekly run, since 2013 winter rush. Severe winter, which was just carrying on rampaging. Price...
OPEC Suggests Oil-Price Rebound, Warns Declining Investment
Dec 23, 2015 12:51 pm UTC| Commentary
Oil producing nations cartel OPEC has revised its demand estimate in its latest World Oil Outlook, however has warned over declining investments. OPEC demand projections are still higher than those projected by...
API reports deficit, while WTI awaits EIA report – calls updated
Dec 23, 2015 12:18 pm UTC| Commentary
WTI is continuing its downward slide, only hindered by profit booking to counter sellers at rallies. Export ban lift hasnt boosted price either amid supply glut. Key factors at play in Crude market - US lawmakers...
Crude prices stabilizing but Iran weighs pressures on price slumping
Dec 23, 2015 10:16 am UTC| Insights & Views
In recent OPEC meeting, we have revised down our WTI oil price forecast to no more than US$40-45 per barrel for 2016 and US$45-50 for 2017. Global demand has increased at the fastest pace in five years in 2015 (+1.9% or...
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