The West may still hog oil finance, but the country driving demand for crude – and oil prices – lies elsewhere.
The next stage in the Brexit fallout is approaching, and it will center on energy finance and signal a major shift in focus.
In the wake of the Brexit, London’s position as the global energy capital is in question, and major moves are underway in the energy market.
Oil pundits have been hailing the emergence of an oil balance, and to be sure, one is quickly taking shape. The problem is that most of those now bandying about the term are still getting it wrong, despite being late to the party.
Saudi Arabia’s oil strategy appears to be working, but it may well kill OPEC in the process.
The U.S. energy sector, already under pressure, is about to feel a whole lot more of it – no matter when the Fed raises rates, or how many times it raises them in 2016.
The anxious pundits on TV worried about crude oil surpassing $50 are missing a crucial point.
Tags: Oil Prices
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Goldman Sachs recently released a mildly bullish report on oil prices – an interesting reversal of the firm’s prior bearish stance on crude.
Here’s why you shouldn’t believe it.
The energy news headlines these days are all about the failure of the Doha summit and the upcoming June OPEC meeting in the face of a historic, intractable global supply glut.
Don’t expect a production cut from this Sunday’s Doha meeting. Unlike what some analysts think, that’s not what this oil meeting is about.