Live World Indices are powered by Investing.com
Monday, 18 April 2016
Q:True Sign of Desperate #BULL? - A: Share Buy-Backs!
Oil prices have increased 60 percent since late January. Is this an oil-price recovery? Two previous price rallies ended badly because they had little basis in market-balance fundamentals. The current rally will probably fail for the same reason. The Oil Glut Worsens But Prices Reach 2016 Highs Although oil prices reached the highest levels so far in 2016 during the past few days, the global over-supply of oil worsened in March. EIA data released this week shows that the net surplus (supply minus consumption) increased to 1.45 million barrels per day (Figure 1). Compared to February, the surplus increased 270,000 barrels per day. That’s a bad sign for the durable price recovery that some believe is already underway. (Click to enlarge) Figure 1. EIA world liquids market balance (supply minus consumption). Source: EIA STEO April 2016 Labyrinth Consulting Services, Inc. The production freeze that OPEC plus Russia will discuss […]
Saudi Arabia won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha, the kingdom’s deputy crown prince said. The world’s biggest crude exporter would cap its market share at about 10.3 million to 10.4 million barrels a day, if producers agree to the freeze, Prince Mohammed bin Salman said during an interview on Thursday at King Salman’s private farm in Diriyah, the original home of the Al Saud royal family. “If all major producers don’t freeze production, we will not freeze production,” said Prince Mohammed, 30, who has emerged as Saudi Arabia’s leading economic force. “If we don’t freeze, then we will sell at any opportunity we get.” At least 15 nations including Saudi Arabia and Russia, the world’s two largest crude oil producers, will gather in Doha on April 17 to discuss freezing output to stabilize an […]
Iranian oil minister Bijan Zanganeh will not attend Sunday’s high profile gathering of OPEC and major non-OPEC producers in Doha, given that Iran has no intention of participating in any production freeze agreement, the country’s oil ministry said Friday. “Considering Iran’s plan to revive its share of the global crude oil market after full annulment of unfair sanctions and the fact that this issue has been discussed in bilateral and multilateral meetings with oil and energy ministers of OPEC and non-OPEC producers… the Iranian oil minister will not take part in this meeting,” said Akbar Nematollahi, director general for the oil ministry’s public relations bureau, according to oil ministry news service Shana. However, he said Iran “supports any effort by OPEC and non-OPEC countries to bring back stability to the oil market and global oil prices.” Iran’s delegation to Doha will instead be headed by its OPEC governor Hosein […]
ONCE again, the light of progress is going out across Latin America. Brazil, loudly trumpeted this decade as a shining example of global economic development, is on the brink of a constitutional coup to unseat President Dilma Rousseff — a process that could return the country to chaos and dictatorship.
- GRIM CHARTS: Earnings and S&P Negatively Correlati...
- Shocker as Exxon Downgraded by S&P
- Results for Twitter & Apple Conveys Dimming Prospe...
- Bankers Desperately Monetize Energy Loans to Mitig...
- Schlumberger Profits Plunge 49% Cuts 2000 Jobs
- High Tech Meltdown Spreads to Google & Microsoft
- Saudis Cash Flow Troubles Cause $10B Bank Drawdown...
- Goldman Sachs Profits Collapse 56.3%
- Remember Bond Bear Market Long Past Due
- Q:True Sign of Desperate #BULL? - A: Share Buy-Bac...
- Wells Fargo Records More Energy Pain
- Fitch Downgrades Saudi Arabia Credit
- Chevron CEO Says Markets Normalizing???
- Lousy Q1 Spells Trouble Ahead for US Banks
- Natural Gas Rises as Investors Bet on a Bottom
- Airlines Making BIG Hedges on Fuel
- IMF Fears China's Collapse
- IMF - "More Growth Needed from Advanced Nations "...
- Fiscal Cash Woes Cause Saudi Arabia to Seek Debt ...
- Cash- Strapped Saudi Arabia Won't Hold Production
- Fears Grow Over Major Banking Crisis
- ▼ April (21)
- ► 2015 (91)