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...
Lower oil prices may add pressure on ECB to “recalibrate” monetary policy in 2016
Dec 22, 2015 11:42 am UTC| Insights & Views Central Banks
The ECB has unleashed an unprecedented series of policy measures to try and push eurozone inflation back up to levels conducive to healthy economic growth. But even the most optimistic forecasts suggest that it could well...
Oil in global economy series – Aftershock mean reversion
Dec 22, 2015 11:29 am UTC| Commentary
Drop in oil price, post financial crisis was due and to stay, however monetary stimulus from US FED and other major central banks just averted it temporarily. FED printed money in form of bond buying to boost demand. While...
How plummeting prices are spurring reform in oil producing countries
Dec 22, 2015 01:01 am UTC| Insights & Views
It has been a turbulent year for oil. Prices were strong in summer 2014, before plummeting in the second half of that year. After a modest stabilisation in early 2015, they dropped even further and are now more than two...
Brent crude drops to 11 year low
Dec 21, 2015 06:30 am UTC| Commentary
North Sea benchmark, which is used as a benchmark for almost half of global crude oil sank to its lowest level in 11 years as market opened on Monday, continuing their selloff from last week. Global oil market is...
Declining oil prices could push for another rate cut by ECB in 2016
Dec 19, 2015 08:40 am UTC| Commentary Central Banks
Brent prices dropped to $35 per barrel, which constitutes a significant downside risk to the ECBs inflation scenario and is likely to refuel talks of further monetary accommodation through, in particular, another cut in...
Can US Crude export ban resolve the steeping bearish trend and prop up its prices?
Dec 18, 2015 08:07 am UTC| Insights & Views
Developments on US exports:A provision to lift the 40-year old ban on US crude oil exports is the latest news relevant to crude market. The senate and the white house have announced a tax and spending package that includes...
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