Heroes of Ukraine

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

Wednesday, 19 June 08:53 (GMT -05:00)



Stock and commodities markets

OPEC Is Worried About U.S. Shale Oil Production Prospects


The OPEC is concerned that their American rivals producing shale oil may catch at the chance given them by the OPEC+ deal. The deal is aimed to cap oil production and restore the market balance in favor of higher oil prices. The OPEC+ agreement is likely to be extended during the forthcoming OPEC summit on November 30th in Vienna, Austria.
 
At the same time, international experts make controversial predictions regarding the prospects of the American shale oil production in 2018. Some of them shared their concerns during the briefing in Vienna – Andy Hall, who is known as “god” for making shockingly accurate forecasts, Amrita Sen, chief oil analyst for Energy Aspects, Per Magnus, chief analyst for Rystad Energy, as well as analysts from Citigroup Inc., Morgan Stanley, and other major banks.
 
The experts claim that the precision of their 2018 predictions for the U.S. shale oil production, as well as Brent and WTI production, will influence the period for which the OPEC+ deal is going to be extended. For now, Saudi Arabia and Russia are advocating the idea of extending the OPEC+ deal until the end of 2018. However, the participants with less substantial amounts of daily oil production are afraid that this period is too long, especially as American shale oil companies may rapidly increase their production and drop oil prices in an instance.
 
For now, shale oil production forecasts vary from 500K b/d all the way up to 1,7 million b/d. Andy Hall claims that the U.S. Department of Energy has no idea how high the oil production may go. For example, they have underestimated the local shale oil production by 300K b/d this year. Per Magnus recollected Marianna Cox’s words about the American phenomenon, which is all about a rapid expansion of shale oil production thanks to cutting-edge technologies still unavailable in other parts of the world. According the EIA, American shale oil companies produced a record-high 9,66 million barrels over the past week.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Masterforex-V Names Biggest Stock Exchanges

Stock exchanges have been operating worldwide for many decades. They are specific financial institutions  or marketplaces that operate to let people and companies invet in various stocks and other securities. Those are the stocks issued by various companies representing various industries - from mining to services. These days, you can invest in stocks, indexes, bonds, options, and other securities.
 
Publication date: 17 May 11:57 AM

Masterforex-V Names SSE's 20 Biggest Companies

There are several cities in the world that can be called centers of business and financial activity. Shanghai, China, is definitely one of them. This is the home to China's biggest stick exchange. Shanghai Stock Exchange (or SSE for short) is the world's 4th biggest stock exchange in terms of market cap and number one in terms of the pace of growth.

Publication date: 17 May 11:23 AM

Masterforex-V Experts Call Hong Kong Exchange Financial World's Biggest Provoker

At the current stange of market relations, one can easily define the spots of the biggest economic and financial growth. Apparently, stock exchanges are on the list.On the one hand, the constant turnover of financial assets is a good thing, so is the opportunity to buy or salle a stock without major effort. On the other hand, internatinal experts have been signaling potential threats for quite a long time. At Masterforex-V Academy, they think that the major provoker in the financial world is Hong Kong Stock Exchange (SEHK). By the way, this is the world's 6th biggest stock exchange in terms of market capitalization. Apparently, this kind of significance in the financial world is the key reason for those potential threats.

Publication date: 01 May 01:08 AM

Will U.S. Stock Market Grow This Year?

The American stock market has reached another crucial strange. The forthcoming macroeconomic stats may trigger a major move in any of the 2 directions. International experts say that the future market reaction will depend on a number of macroeconomic stats as well as several events. However, the current bias seems to be bullish since at this point, there are no major reasons to expect another stock market crash within the next 12-18 months.
Publication date: 27 January 07:56 AM

Experts Anticipate U.S. Stock Market Crash This Winter

As you probably know, the U.S. stock market has been in the red zone over the last few weeks. International experts assume that this downtrend is likely to continue in the first quarter of 2019. The key reason is the fact that really huge volumes of risky assets are under the risk of forced sales, Market leader reports, with reference to Forbes.

Publication date: 04 January 04:13 AM

Why did crude oil crash by almost 11% last week?

The past trading week was a nightmare for the global market of crude oil, with a major price crash. In particular, Brent oil dropped in value all the way down to the lowest price since July 2017. This was a dive below 53 dollars per barrel. Since then, international experts have been trying to figure out the reason for that.
Publication date: 26 December 09:40 AM

Russia and OPEC agreed to cut down on their oil production in 2019

As you probably know, the participants of the latest OPEC summit agreed to cut down on their oil production next year. This triggered a temporary price rally in the international market of crude oil.
Publication date: 23 December 02:01 AM

OPEC and Saudis Are Planning To Back Oil Prices

International experts and governments have been closely watching the drama going on in the international market of crude oil. According to The Wall Street Journal, Saudi Arabia is going to quit the overproduction of crude oil for the sake of preventing oil prices from going down any further and, if possible, backing their new growth.
Publication date: 05 December 11:00 AM

Investing in World's Most Secure and Profitable Stocks in NordFX

Publication date: 02 December 09:32 AM

Golden Medium: Russia Isn't Concerned About Decreasing Oil Prices

Market Leader reports that the global market of rude oil has been seen a prolonged downtrend after a pretty strong rally seen over a couple of months in a row. Not so long ago, a barrel of Brent oil used to cost 86 dollars. At this point, it costs just 70 dollars. Still, the Russian authorities don't seem to be concerned about this price drop at all. Experts say the see no reason to worry about the situation.
Publication date: 12 November 11:57 AM