Posts Tagged ‘OPEC’

Saudi Aramco Oil Price Hike Amid Robust Demand

Monday, June 6th, 2016

Saudi Arabia, the world’s largest crude exporter, raised pricing on most oil grades for sale to Asia and the U.S. in July after the nation’s energy minister said demand was robust.

State-owned Saudi Arabian Oil Co. increased its official selling price for Arab Light crude by 35 cents a barrel to 60 cents more than the regional benchmark for sales to Asia, it said in an e-mailed statement.

The company, known as Saudi Aramco, was expected to raise the premium for shipments of Arab Light crude by 40 cents a barrel to 65 cents a barrel more than the benchmark for buyers in Asia, according to the median estimate in a survey by Bloomberg of five refiners and traders in the region last week.

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Iran Won’t Freeze Oil Output Ahead of OPEC Meeting

Monday, May 23rd, 2016

Iran, which is due to meet with OPEC partners on June 2, has no plan to join any freeze in crude output as the country won’t be done ramping up oil exports to pre-sanctions levels before the second half of the year, the head of the state oil company said.

The Persian Gulf state’s oil exports will likely surpass 2.2 million barrels a day by the middle of the summer, Rokneddin Javadi, managing director of National Iranian Oil Co., told Mehr news agency.

Iran last exported at this level before sanctions were imposed on the country for its nuclear program more than four years ago.

Sanctions were eased in January, and Iranian officials said they won’t discuss any output freeze or cut before reaching pre-sanctions levels.

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Oil and Gold: Storm Clouds Gathering

Monday, December 21st, 2015

Oil Hits an 11-Year Low

While this may not be a real surprise to professional online commodity traders, the fact that the price of Brent crude has dropped to levels not seen since the recession of 2008 has some investors questioning how low it may go.

Many technical analysts have pointed out that due to an excess of supply combined with steady OPEC production rates, support levels could still be a long time off.
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Poor performances for Gold and Oil trading circles

Tuesday, December 1st, 2015

Gold: A Long Winter Ahead?

The bears have once again taken centre stage in terms of online gold trading. However, this is not all bad news for short-term commodity investors.

One of the main reasons for relatively positive news is that it is now widely believed that the Federal Reserve of the United States will raise its interest rates.
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Did you know that oil prices are lower today than 7 years ago?

Thursday, May 28th, 2015


When oil prices are as low as they are today, even lower than the crisis times in 2008! And with oil production showing absolutely no signs of slowing production something, commodity wise, has to give. So what should the online trading community make of all this?

OPEC v non-OPEC

OPEC has stated that they will not cut production and the non-OPEC oil is continuing to show production growth. This dramatic increase and change in non-OPEC has been triggered by the increase in Shale Oil, which was not factored into the 2010 OPEC forecast.
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The highest volatility index since 2009

Wednesday, February 11th, 2015

Volatility index for brent oil crudeIt seems as if oil has taken a pronounced rebound after its rather recent figures.

Indeed, black gold capped is largest 14-day rally in 17 years when news surfaced that a fall in production within the United States may serve to dent current supplies.

Not only did Brent crude at one point jump no less than 18 per cent, but the volatility index is at its highest since 2009.

The primary cause for this massive jump is due to what many feel has been a knock-on effect.
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Goldman Sachs think oil investors are up for a challenge

Friday, January 30th, 2015

Brent crude oil crisisCommodity trading online may take one of the largest hits in recent times according to Goldman Sachs and other reputable analysts.

Driven partially by the massive collapse in oil prices over the past month, analysts have cut their forecasts once again from neutral to underweight.

The sectors which are expected to be affected include energy, metals and livestock.

While some feel that a cut in OPEC oil production may serve to boost prices slightly, a slowdown in demand may hint at a more protracted downturn for the first half of 2015.
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Learn why the Oil Prices Set to Fall

Monday, June 3rd, 2013

Drilling for oilThe buzz from trading analysts is that world oil prices are set to fall thanks to oversupply caused by North American shales, excess inventory and a failure by the Organization of Petroleum Exporting Countries (OPEC) to cut production at its meeting last week.

Although the large, frackable oil deposit finds in Canada and the United States have met with both transportation difficulties and environmentalist opposition, they still raise fears of a coming glut in the world oil market. Meanwhile, the United States, consumer of a healthy percentage of the world’s petroleum products, already has an excess of oil inventory.
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