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  • 3y
    Ole Hansen Ole Hansen
    A continued stream of worrying news from the Middle East and losses elsewhere is driving #oil higher. Short covering putting $40 back into sight on both WTI...
  • Article / 17 March 2015 at 14:30 GMT

    It looks like lower oil for longer

    Managing Partner / Spotlight Group
    United Kingdom
    It looks like lower oil for longer
    With Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman on track to refine 6mn b/d by 2020 – and with the US continuing to raise its stockpiles, WTI crude futures will continue to plummet towards $41-43/barrel.
    Read the article
    4y
    collengarcia collengarcia
    This comment has been redacted
    4y
    Agustín García Agustín García
    Cree que en la jornada de hoy el contrato de petroleo futuro abril 15 bajara a valor 40.00 o por debajo, o por lo contrario permanecerá en...
  • Editor’s Picks / 01 December 2014 at 10:38 GMT

    Opec oil price gambit an 'immense political gamble'

    The Telegraph
    Saudi Arabia and its cohorts among Opec's upper echelon "are taking an immense political gamble" by letting crude oil prices crash, says The Telegraph's Ambrose Evans-Pritchard. The cartel's decision to leave supply unchanged may have been aimed at cutting the legs from underneath gamechanger US shale oil but could unleash yet more unrest through north Africa and reverberate around the wider Middle East geopolitical stratosphere. Evans-Pritchard reckons the shale sector is more resilient than Opec has bargained for and sub breakeven prices are likely to hit the traditional oil economies first before the US shale sector.
    Read article on The Telegraph
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