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oil prices

repsol

Ibex 22nd May 2019

Repsol: intuitive purchase with short term potential return of 10%

Morgan Stanley |  With oil up 30% YTD, fairly decent quarterly figures, dividends easily covered, with potential to grow and clearly above a market without upside, and with a process of positive profit revisions, we insist in dedicating half an hour to two ideas which are now being oversold and which have lost all they gained in Q1 and which their high dividend is clearly attractive in the market and which we believe could have returns of around 10% in the relatively short term.

oil futures

World economy 22nd October 2018

What If Oil Goes To $100?

Brent oil prices are up more than 30% this year and have reached levels last seen in 2014. BoAML’s team on Commodities have revised up their forecasts; they now expect Brent to peak at $95/bbl by the end of 2Q 2019. They also consider the impact on global growth of an even larger and more sustained oil spike. Specifically discuss the factors that could drive oil prices to $100/bbl, and hash out the winners and losers.

The Strait of Hormuz was temporarily closed by Iran

World economy 28th September 2018

Oil Prices: What If The Strait Of Hormuz Was Temporarily Closed By Iran?

A key issue that President Trump’s speech at the UN General Assembly helped highlight was the rising tensions in the Gulf. As one measure of this, analysts at BNY Mellon note that “while it’s tempting to dismiss this as saber-rattling by both sides, the debate over Iran’s ability to close the Strait of Hormuz has been going on since the early 1980s.”

The oil price has risen 70% in the last 12 months, from 45$/ barrel for Brent in June 2017 to around 80$ in May 2018

World economy 6th July 2018

What’s Behind The Rise In The Oil Price?

The oil price has risen 70% in the last 12 months, from 45$/ barrel for Brent in June 2017 to around 80$ in May 2018. Thus, after three years of low prices, crude has returned to levels not seen since the end of 2014. What are the forces behind this increase in oil price? Could it damage the world economy?

The oil price has risen 70% in the last 12 months, from 45$/ barrel for Brent in June 2017 to around 80$ in May 2018

World economy 29th May 2018

Oil Sector: What Goes Up, Must Come Down

For any investor who believes that $70/barrel is more or less the right price, then the European oil firms are currently fairly priced. Alphavalue recently upped their earnings forecasts to include $70/barrel as a new normality. This leaves the sector with an upside potential of +6% on a 6-month horizon.

oil rig platform

World economy 3rd May 2018

Geopolitics Could De-Anchor Long Dated Oil

Near-dated crude oil prices have rallied on robust demand and falling inventories, but long-dated prices have not moved. BoAML’s analysts see close to 1.5 mn b/d of output oil facing some risk of disruption, primarily across Venezuela, Iran, and Libya.

oil barrels

World economy 30th January 2018

Oil: Finally Settling Above USD 70?

Oil continues to flirt with USD 70 per barrel and it remains to be seen if prices are able to lastingly settle above this much-watched level with the latest up move. Global growth optimism, the bullish market mood and technical momentum still provide robust support.