«Market Leader» - news and previews making you rich.

Royal Bank of Scotland: Oil Prices May Drop to $16/b in 2016

According to the Royal Bank of Scotland , oil prices may go down to $16 per barrel in early 2016. The experts say there is every reason to expect just that – increasing oversupply, lower demand and abnormally mild winter because of the so-called El Nino.

Oil Market 2016

As you can probably see, despite the current recovery, the global market of crude oil remains under downward pressure. Amid increasing oversupply, oil prices got down to 35 dollars per barrel and set a new 7-year low.

How Low Should Oil Prices Go for Russia to Start Reforms?

USA Cancels Oil Export Embargo, Global Market May See Major Changes

Last week, the USA made a major decision, which is expected to bring major changes to the entire global economy. The thing is that President Obama signed the 2016 draft budget. This is good news for U.S. oil companies since the oil export embargo is now canceled, which means those companies are now capable of exporting their oil. This is a major event since this is the beginning of a whole new era when the USA turned from an oil importer into an oil exporter. Some experts say this is going to bring some major changes to the global market.

Iran Isn’t Afraid Of Oil Prices Below $30/b

Innovative Technologies Will Cap Oil Price Potential

Some global tendencies are still pressing oil prices. However, few experts pay attention to the fact that technological progress seen over the last few decades has been contributing to alternative energies and curbing the upward potential of the global oil market, Masterforex-V Academy experts report.

Oil Sees Further Lows as Fed Raises Interest Rate

The international financial community has been waiting for this event for months. The thing is that the Fed eventually raised the key interest rate yesterday. The central bank decided to increase the rate by 0,25% up to 0,5%. For those of you who don’t know, the last time he Fed raised the interest rates was 2006, a couple of years before the global financial crisis.

U.S. Congress Approves Oil Export

This Week USA May Allow Oil Export

Russia May Practice Austerity Amid Ultra-Low Oil Prices

Low oil prices are expected to dominate the market in 2016, which is why Russia is going to practice austerity. This is what Russia’s finance minister Anton Siluanov said during during a press conference in Kazan. To be more specific, the minister doesn’t deny $30/b and below at some point in 2016. At the same time, we should keep in mind that the IMF have already downgraded its global economic forecast 4 times this year, which is a wakeup call indicating the likelihood of lower oil demand next year. The minister is almost sure that under such circumstance where Iran is about to come back to the global market with 1-1,5 million barrels a day and given today’s excessive oil inventories, we are likely to see the bearish bias dominating the market in 2016.