Tag Archive

Oil Is At The Mercy Of Financial Markets

Oil Is At The Mercy Of Financial Markets

January 4, 2019 No Comments

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook […]

Oil Begins New Year With A Loss

Oil Begins New Year With A Loss

January 3, 2019 No Comments

Crude oil trading in the new year began with a slide, with Brent crude trading at US$53.12 a barrel at the time of writing, down 1.26 percent, and West Texas Intermediate at US$44.92 a barrel, down 1.08 percent. Benchmarks remained pressured by rising U.S. production, which, according to the EIA averaged 11. 7 million barrels […]

Support OPEC efforts to Restore Stability to the Oil Markets with Continued Production Cuts

Support OPEC efforts to Restore Stability to the Oil Markets with Continued Production Cuts

November 30, 2018 No Comments

The African Energy Chamber urges the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price. Oil prices have dropped by about 20 percent in November, and the month is likely to […]

Can We Expect A Major Rebound In Oil Prices?

Can We Expect A Major Rebound In Oil Prices?

November 20, 2018 No Comments

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the […]

Macron Agrees With Trump To Bring Down Oil Prices

Macron Agrees With Trump To Bring Down Oil Prices

November 16, 2018 No Comments

French President Emmanuel Macron said Nov. 14 that he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down prices. Oil prices have risen 45% since Macron took office in mid-2017 and his government is facing pressure on high prices from a grassroots movement protesting recent petrol tax hikes. “When […]

IMF Staff Concludes Visit to Qatar

IMF Staff Concludes Visit to Qatar

November 15, 2018 No Comments

Significant fiscal and external buffers have enabled Qatar to successfully absorb the adverse shocks from the 2014-16 decline in oil prices and the diplomatic rift. • Near- to medium-term outlook remains favorable in the context of relatively higher hydrocarbon prices, prudent fiscal policy, healthy financial system and accelerated structural reforms. An International Monetary Fund (IMF) […]

Oil Price Manipulation must stop!!

Oil Price Manipulation must stop!!

November 13, 2018 No Comments

The headlines across the world today read….’Oil prices rise as Saudi Arabia signals production cut’, ”Oil price rises as Saudi Arabia pledges supply cut” , ” Saudi Arabia is reducing oil supply and OPEC may cut too” ”Saudi Arabia’s Call for an Output Cut Pushes Oil Prices Higher” They want to reduce oil supply by […]

Saudis Scramble To Stop Oil Price Slide

Saudis Scramble To Stop Oil Price Slide

November 13, 2018 No Comments

Saudi Arabia is moving quickly to halt the slide in oil prices, telegraphing a production cut intended to erase some of the re-emerging supply surplus. Saudi oil minister Khalid al-Falih said on Monday that the kingdom would slash oil exports by 500,000 bpd in December, a move that would go a long way to reversing […]

Eni results for the third quarter and nine months of 2018

Eni results for the third quarter and nine months of 2018

October 26, 2018 No Comments

Eni’s Board of Directors approved the Group results for the third quarter and the nine months of 2018 (unaudited). Highlights Exploration & Production Hydrocarbon production: 1.8 million boe/d in the third quarter of 2018, up by 1.2% q-o-q net of price effects (stable on a reported basis ). Production growth negatively affected by lower-than-expected produced […]

Oil Price Rally Boosts Electric Car Sales

Oil Price Rally Boosts Electric Car Sales

October 8, 2018 No Comments

Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year highs, which could […]

Page 1 of 2412345»1020...Last »