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  • Article / 13 January 2015 at 10:30 GMT

    Daily Shot: Venezuela, Russia and Iran are on the brink

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: Venezuela, Russia and Iran are on the brink
    As WTI futures approach $45 per barrel, the damage to producer nations is becoming increasingly pronounced. Venezuela’s debt is trading at deep distressed levels, as restructuring approaches. Conditions are worsening for Russia as well: inflation has spiked after the currency collapse and government bonds are under pressure again as capital flight continues.
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  • Editor’s Picks / 10 December 2014 at 23:44 GMT

    Believe it or not, oil price could rebound next year

    Business Spectator
    Not long ago it was hard to find anyone who would believe that the price of oil would fall. Now it's tough finding anyone who believes it can recover. But oil price bears should consider supply-side issues. For instance, Nigeria's tragic history of coups could resurface and give oil prices a jolt, and tougher US sanctions on Tehran could curb Iranian oil exports. Apart from supply issues, the potential for a demand boost in key countries should not be discounted, as the oil price collapse has itself been a crucial growth catalyst around the world. So the price of black gold could indeed head back up in 2015.
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  • Editor’s Picks / 01 December 2014 at 7:51 GMT

    Oil at $40 possible because that's breakeven for some shale producers

    Bloomberg
    Oil has dropped 37 percent this year and, in theory, production can continue to flow until prices fall below the day-to-day costs at existing wells. Stevens said some US shale producers may break even at $40 a barrel or less. The International Energy Agency estimates most drilling in the Bakken formation -- the shale producers that OPEC seeks to drive out of business -- return cash at $42 a barrel.
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  • Editor’s Picks / 28 November 2014 at 10:46 GMT

    The ripple effects of falling oil

    The Guardian
    The UK's Guardian looks at the winners and losers after the sudden slump in the price of crude, now at its lowest for four years. It's good news for consumers, but prices will have to fall a lot more to see any 'golden age' of sustained growth. Other winners are the large net importers of oil and those that have high inflation rates, such as Turkey and India. But it has sent tremors through the world’s great oil producers, which will see growth fall and budget deficits swell. Will there be a recession in Russia? Social unrest in Venezuela and Nigeria? Can even the Saudis avoid feeling the pinch?
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  • 28 November
    nelsenkoff nelsenkoff
    This comment has been redacted
  • 25 November
    DP DP
    Is there any one-handed analytic around ?
  • Editor’s Picks / 25 November 2014 at 2:49 GMT

    World powers fail to reach nuclear agreement with Iran

    Wall Street Journal
    World powers failed to reach a nuclear agreement with Iran and extended talks for seven months, exposing deep divides between the sides and putting the diplomatic effort at risk from domestic discord in the nations involved. After negotiators failed on Monday for the second time this year to meet a deadline for a deal, diplomats said they needed until the end of June 2015 to finalise the terms. They agreed to roll over an interim agreement signed last year that caps some of Iran’s nuclear work in exchange for an easing of Western economic sanctions.
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