Commodities
There were two big declines in crude prices – last week and on Monday – despite analysts forecast of a decline of 3.622 million barrels in U.S. inventories for the week through July 13. Turns out, a surprise crude oil oversupply of 629,000 barrels in U.S. crude stockpiles occurred, as reported by the American Petroleum […]
... written on Jul 18 2018Get ready for a spike in crude oil prices. Shortly after the U.S. State reaffirmed the Trump administration’s goal of reducing Iran’s oil exports to zero by November 4th, Iranian President Hassan Rouhani warned Tehran could retaliate – by disrupting oil shipments to neighbouring countries. Although Iran didn’t elaborate on such plans, it isn’t hard to […]
... written on Jul 06 2018President Donald Trump had walked away from the Paris climate agreement. His administration had also announced the U.S. was leaving the United Nations’ Human Rights Council. If you think those were the craziest decision a United States president had ever made, think again. There’s no limit as to what the 45th President of the United States […]
... written on Jul 01 2018Exactly how much OPEC will increase the oil production is still a question mark. However, OPEC ministers announced a deal that is likely to add around 600,000 to 800,000 barrels a day to the market. That would be the first increase oil supplies from the producer group ever since the cartel cut production of 1.8 million […]
... written on Jun 24 2018The rivalry between Saudi Arabia and Qatar appears to have entered a point of no return. For more than a year, a Saudi-led bloc has staged a boycott of Qatar, accusing the tiny but gas-rich Persian Gulf state of sponsoring terrorism and committing other menaces. However, Qatar has proven to be a tough nut to crack […]
... written on Jun 22 2018Imagine you’ve engaged and awarded a contractor to renovate your office. For some strange reasons, you agreed to pay the contractor according to “calendar dates” instead of the project’s progress. In other words, you had agreed to generously pay even if the contractor does zero work. The job was supposed to be completed in 3 […]
... written on Jun 06 2018The first half of 2018 has been bullish for oil prices. But after touching the US$80 a barrel for the first time since 2014, the commodity is fast losing its steam. The Brent crude oil is trading at about US$74, a drop of about 6 dollars a barrel since its peak. The WTI crude oil […]
... written on Jun 06 2018The world is having terrible headache dealing with American President Donald Trump. This is perhaps the most flip-flop president the country has ever had. After telling all and sundry that he will meet North Korean Kim Jong-un, the U.S. leader scrapped the plan, only to revive it. It’s safe not to bet if the summit […]
... written on May 31 2018Had Najib Razak won the 14th general election on May 9th, his first foreign visit will most likely be China. He would go there and brag how his Barisan Nasional coalition government had used President Xi Jinping photo on campaign billboard. He would offer Xi to restart the stalled “Bandar Malaysia” project in exchange for […]
... written on May 27 2018Brent crude oil, the international benchmark for oil prices, breached US$80 a barrel on Thursday for the first time since 24th November 2014. However, the contract eased back to below US$80. Trading at US$79 now, it appears the commodity is looking for excuse to breach the US$80 again. And it’s President Trump’s fault. Last […]
... written on May 19 2018
