oil prices

Markets, World economy 10th November 2017

The Oil Gap Between Brent And West Texas Is Not Entirely Down To The Recent Saudi Moves

The Crown Prince and de-facto ruler of the Saudi Arabia, Mohammed bin Salman, (MBS) launched an anti-corruption drive to safeguard the reform and modernization of the Saudi economy. Oil meanwhile looks to have broken out to the upside, which is very much a function of Brent Crude rather than West Texas Intermediate. The gap down started to open in August with Hurricane Harvey, not now with Saudi developments.

Uncategorised 22nd June 2017

Oil Companies Built-In “Cushion” For Production estimates

Citi’s research analysts targets two significant issues on this recent decline: disinflation pressures and what would happen if oil prices don’t recover.

Markets, World economy 15th June 2017

Oil: Erosion In Middle East’s Supply-Deal Confidence

Energy markets has been taking a beating with oil and natural gas prices down across the board. For once, the fundamental news flow was ample. The US Energy Administration reported their weekly set of data, which showed a stronger-than-expected increase of crude oil and oil products in storage.

World economy 9th May 2017

The Commodity Reflation Trade Is Getting Its Reality Check

The commodity complex continues to soften with oil prices sliding below USD 50 per barrel and Chinese heavy industry commodities rushing lower. The resource reflation tide recedes with benchmark indices such as the Bloomberg Commodity Index trending towards last year’s levels. Commodity prices revert towards fundamentally reasonable levels on supply rather than demand trends.

Markets, World economy 20th February 2017

Crude Questions

The price-inventory apparent mismatch of crude oil matters to the extent that going long crude appears to be a crowded trade so that the risks are on the downside if it were to happen that the “confirmed” cuts have been more paper ones than real ones.

Markets, World economy 9th January 2017

Oil: Will the supply cuts become a chicken game?

Julius Baer Research | Oil’s push above USD 58 per barrel on the first trading day of the year seemingly only was a temporary burst of energy. The market’s focus is on quota compliance as the oil producers must now walk the talk of supply cuts. We remain sceptical that the supply deal will have a material impact, swiftly erase surplus supplies and provide lasting support to prices.

Equity Reports, EuroStoxx Reports 12th December 2016

Statoil, That Pure Play on OPEC

Carax Alphavalue | The recent OPEC deal was more than welcomed by the Norwegian oil company which has more than 60% of its production coming from the Continental Shelf. With little by way of refining compared to its integrated oil peers’, Statoil’s (Add, Norway) earnings are a near direct call on oil prices.

World economy 29th November 2016

OPEC Returns – For Now

UBS | It looks increasingly likely that at its meeting on 30 Nov next week OPEC will agree the production cut envisaged at its Sept extraordinary meeting. In Sept an OPEC-14 produc tion target range between 32.5 -33.0Mbd was agreed, designed to accelerate inventory draw -down and bring fwd re-balancing.

World economy 23rd August 2016

Oil Price and Inflation – Rupture

Natixis AM | Currently, the most important graph is the price of oil. Last week, the oil price was was above its level of August 2015. The oil price has started to fall at mid-2014. Since this moment, the oil price was always below the level it had one year before. This has changed last week. It’s the first time since 2014 that we see such a crossing.

World economy 12th August 2016

OPEC’s Ground Hog Day

Julius Baer Research| As speculation swirls ahead of next month’s informal oil producer meeting, it feels like ground hog day in the oil market. With prices diving into the lower 40s per barrel, talks about supply cuts from oil cartel’s members, OPEC, have resurfaced. We see the chances of any action as exceptionally slim.

« 1 2 3 4 5 6 … 9 »