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  • Editor’s Picks / 01 September 2015 at 7:17 GMT

    No 'quick fix' for low oil prices: Opec

    MarketWatch
    Oil may have just completed its strongest three-day rally in a quarter of a century, but prices are still well off 2014 levels as a supply-driven rout continues to rage through markets. In a statement released yesterday, Opec said that low prices remain a concern for its members and there is "no quick fix" for the glut that has enveloped the oil market and driven prices lower. "Oil is losing the shale war" said analyst Richard Hastings of Global Hunter Securities; "without oil prices at exceptionally high prices, then [Opec members] are staring at big troubles". Brent crude is currently trading at $53.06/barrel.
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    4y
    msca99 msca99
    The US has dramatically increased production, and OPEC kept pumping at the same rate. As a result supply has exceeded demand for oil for a sustained time...
  • Article / 13 July 2015 at 8:01 GMT

    FX Update: Greek deal no boost for euro

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Greek deal no boost for euro
    Tsipras and the EU have reached agreement on new bailout terms, but the Greek parliament will have to agree to this deal before it is valid and clears up the Greek situation for now. And even if the parliament ratifies the deal (didn’t the referendum say no?) the euro may weaken, particularly against the US dollar.
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    4y
    msca99 msca99
    The great danger for Greece, and the rest of the world, is that a generation of politicians, in many nations, made a nice career of promising far...
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