Commodities
Remember the unbelievable predictions that crude oil would go to US$10 / barrel (cheaper than water) and gasoline would go for US$1 / gallon? Well, forget them because it’s already happening even though officially the crude WTI and Brent are trading above US$20 / barrel. However, the fact that both crude oil prices have gone […]
... written on Jan 19 2016Are you in the oil and gas (O&G) industry? If you’re, then you should know that your job is on the line. Once a prestigious job where the pay, bonus and perks were the envy of your schoolmates, jobs with giant O&G company aren’t that secure anymore. British BP announced plans on Tuesday to slash […]
... written on Jan 13 2016Gas at US$2 was what people were screaming and hoping for last year. Today, the average price of gasoline in the United States is below US$2 a gallon, or US$1.967 / gallon to be precise. While some Americans, depending on their geographical location, are rejoicing over the lower gasoline price, some are betting and praying […]
... written on Jan 11 2016First, the good news – China didn’t use the word “devaluation” like it did back in August 2015. The bad news – China secretly devalues its Yuan / Renminbi and as a result everything you could think of – stock markets, currency exchange and even oil prices – is going haywire. China’s central bank […]
... written on Jan 07 2016For the first time in 40 years, a ship loaded with U.S. crude oil set sail for foreign shores Thursday. The mission: to sell the black gold to an international trading company Vitol Group, a Dutch oil-trading powerhouse. The Bahamian oil tanker – Theo T – departed from the Port of Corpus Christi, about 160 miles […]
... written on Jan 04 2016Brent Crude Oil is trading just slightly above US$36 a barrel, forming a resistance-support at US$38-US$36 level. If today is somewhere June-2014, roughly one and a half year ago, and I were to tell you that global oil prices would tumble by 50% to US$60 a barrel; you would probably laugh to your death. Likewise, […]
... written on Jan 01 2016Many think Germany is Europe’s hardest working country and Japan is the champion in Asia while Americans work the longest hour in both North and South America continents. After all, these countries are the wealthiest. Surprisingly, all three of them do not even qualify for the top-10 most hardworking countries on planet Earth. The […]
... written on Dec 29 2015Finally, Federal Reserve Chair Janet Yellen found her spine when she raises rates for the first time since 2006. For as long as one can remember, she has been accused of delaying interest rate hikes – deliberately – to protect big boss President Obama so that businesses could be stretched for survival and unemployment kept […]
... written on Dec 17 2015Next year will be a tough year. Control Risks, the global business risk consultancy, said the year 2016 will be a challenging year for businesses. Published on Monday, its RiskMap highlights the problems – Terrorism, Middle Eastern Instability, Cyber-Risk, Chinese Economy in Transition and European Financial and Political Uncertainties. As Russia flexes its military muscles […]
... written on Dec 15 2015On 3rd Dec, 2014, gasoline was selling as low as US$1.98 in the United States. An Oncue Express station in Oklahoma City was selling the gasoline for US$1.99 a gallon, the first one to drop below US$2 in the U.S. since July 30, 2010. That was roughly about £1.27 or RM6.86 a gallon (3.785 litres). In terms of […]
... written on Dec 13 2015
