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Wednesday, 23 October 07:28 (GMT -05:00)



Stock and commodities markets

Brent Prices Drop Down To $61/b


The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Oil Market: Moscow Loses Interest to OPEC

Price of oil is rising again, but this is not enough for producer countries. Quotation of 50 dollars per barrel is “not the best possible variant”. 
 
“Nobody invited us,” says Anatoly Yanovsky, Russian Deputy Energy Minister, continuing to show indifference to OPEC summit in Vienna. Large players at the market of petroleum are again trying to rise; at the same time, after the summit in Doha, which was held in mid-April, representatives of the RF have stayed at home: Moscow has not even sent to Vienna even its technical observers. Less than two months ago the Russian leader was doing everything possible to bring Iran and Saudi Arabia to agreement; he was an intermediary between two rivals , which divide raw material market and the Middle East, and tried to convince them to freeze fuel production in order to stimulate rise price. Today, when the value of petroleum has risen from the minimal point to almost 50 dollars per barrel, the Russian Federation prefers waiting. “Oil price has gone up, which makes the question of freezing oil production lose its topicality,” said Aleksander Novak, Energy Minister of the RF.
Publication date: 08 June 09:01 PM

Saudi Arabia Freezes Oil Recovery till 2020

Saudi Arabia continues looking for ways to considerably reduce its dependence from petroleum as soon as possible. The country’s government has recently approved the plan of economic reforms, developed mostly for solving the abovementioned task. According to this plan, the level of “black gold” recovery in the country has to be frozen at the same level till 2020.

Publication date: 08 June 06:26 AM

Oil Market: Experts Call the Price Rise Timely

Energy market is showing certain recovery of oil price. Experts are certain that the rise is temporary, as pressuring factors remain topical.
 
Ministers of countries-members of OPEC are going to hold a meeting to discuss market strategy and current situation. The previous meeting was held last December. Since then oil has already managed to drop by one third, and then regain 80 percent of its value. Last month North Sea oil brand Brent gained 9 percent.
Publication date: 07 June 05:00 AM

Apple can Release iPhone Once in Three Years

Apple may refuse from traditional update of iPhone once in 2 years and increase this term. From now on a new model of iPhone will appear only once in 3 years. In between the release of new models the company will improve the previous version.

Publication date: 05 June 03:21 AM

Market Rates 4-Incher iPhone SE

A 4-incher screen iPhone SE has entered the market a short while ago, but users’ reaction to it can be compared to that to iPhone 6 Plus, when Apple has changed the body design and increased a form-factor. Experts and users have divided into two groups – some suppose that Back to Basics is a logical and correct step, whereas others are certain in failure of the novelty.

Publication date: 03 June 08:07 PM

Experts On Stability Of Oil Bull Market

The other day, oil prices exceeded the $50/b level for the first time in 6 months. Despite the rally from under $30/b all the way up to $50/b, some experts are still questioning the potential of the current bull market of crude oil. While some representatives of the international expert community see the current market bias as a stable long-term tendency, others do not share their optimism, saying that this is a temporary recovery backed by some seasonal factor and some secondary factors dominating the market at this point. In a broader scale, the market bias is still bearish and there are no fundamentals to reverse the longer-term tendency today.

Publication date: 27 May 05:29 AM

Low Oil Prices Throw OPEC’s Poorest Nations Into Debt Abyss

Because of ultra-low oil prices, such OPEC nations as Angola, Nigeria, Iraq, and Venezuela found themselves neck-deep in debt. The thing is that these oil nations accumulated pretty considerable debt during the bullish cycle in the oil market when oil prices used to be much higher than they are these days. While these the debt was borrowed to improve the economic well being and oil prices allowed these nations to service it much easier, the oil market crash lead to a situation when oil exports started brining less considerable income, thereby making servicing the debt a real challenge. These days, in order to service their debts, the poorer OPEC nations has to provide their lenders with 3 times as much crude oil as they used to do.

Publication date: 26 May 12:39 PM

Qatar Says $65/b Is Fair Oil Price

The international expert community keeps on pondering on the question of what is the fair oil price to date. In Qatar, the local government and numerous experts assume that this is $65 per barrel or higher. They say that only at this level the international industry will be able to sustain itself over the long term through further oil production and development of new oil fields, which requires considerable investments in the near future.

Publication date: 26 May 11:49 AM

Kuwait Oilers Expect Oil Prices Under $50/b

Some representatives of Kuwait’s oil industry see no fundamentals for much higher oil prices above $50/b in the near future. At the same time, they rate OPEC’s strategy aimed at preserving the cartel’s market share as successful. The Kuwait Minister of Oil says that until the end of this year, the global market of crude oil may have got its balance restored to see the prices settle around $50/b, Masterforex-V Academy reports.

Publication date: 20 May 01:32 AM

Goldman Sachs Doesn’t Deny Lower Oil Prices

American oil companies are not going to make some fundamental changes in case oil prices start going up and down within the $30-35/b range. The thing is, such prices are said to be still comfortable for them.

 


According to Goldman Sachs Group Inc., oil prices around $35/b are neither too high not too low. They say this is may well be the price to start buying the stocks of American oil producers and miners. Even if there is a period of prices between $30/b and $35/b, they are still not going to make any serious changes to their policies, especially as the companies expect WTI prices to go all the way up to $55-60/b in a more distant future. Goldman Sachs experts say this may happen in 2017.
Publication date: 04 May 07:17 AM
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