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WTI Sinks On Libya Production Fears (Again)
Article By:
Tyler Durden
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Wednesday, December 21, 2016 9:10 AM EDT
The overnight rally in crude following API's unexpectedly large crude inventory drawdown has been erased as more headlines from Libya send WTI lower.
Emerging Markets: Preview Of The Week Of Dec. 19
Article By:
Marc Chandler
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Sunday, December 18, 2016 4:58 PM EDT
Emerging markets ended the weak on a soft note, as the hawkish Fed decision continued to have reverberations for global markets. With little fundamental news expected this week, markets may consolidate more, especially with the holidays.
Interactive Map: The Flow Of International Trade
Article By:
Jeff Desjardins
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Thursday, December 15, 2016 4:31 PM EDT
Trade is an essential part of economic prosperity, but how much do you know about global trade?
Hedging Oil & Gas Production And Shifting Market Dynamics
Article By:
K. Ibrahim
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Tuesday, December 13, 2016 8:42 PM EDT
A country like Saudi Arabia, which produces in excess of 10 million barrels of oil per day and exports at least 75% of its production does not hedge its production and rather leaves its national budget under the mercy of oil’s huge price swings!
Historic Deal Done
Article By:
Phil Flynn
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Monday, December 12, 2016 8:05 AM EDT
Saudi Arabia and Russia secured what the Saudi oil minister says correctly is a “historic deal" with non-OPEC nations. This deal can only be described as a major diplomatic achievement and was done despite long odds.
Non-OPEC Nations Agree To Cut Oil Production But Many Questions Remain
Article By:
Tyler Durden
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Saturday, December 10, 2016 1:06 PM EDT
Non-OPEC oil-producing nations struck a deal in Vienna on Saturday to cut crude output by 600,000 barrels a day, joining a pact meant to reduce a global oversupply of crude, lift prices and lend support to economies hurt by a two-year market slump.
Warm Cold Hot: Oil, Natural Gas Prices On The Rise
Article By:
Phil Flynn
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Friday, December 9, 2016 10:50 AM EDT
Oil and natural gas prices are on the rise. OPEC/non-OPEC optimism, cold weather and hot inflation data out of China are all part of it.
Akbank: The Leading Turkish Bank
Article By:
Louis Koen
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Thursday, December 8, 2016 8:26 AM EDT
Akbank has the highest ROE of all Turkish banks. Despite a good YTD performance on the local market, the stock continues to trade below historical levels.
Futures Markets, US Shale, The Big Winners From OPEC Meeting
Article By:
Paul Hodges
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Wednesday, December 7, 2016 10:38 AM EDT
Saudi Arabia sided with OPEC in terms of agreeing cutbacks. This has only happened twice before in history – during the 1973/4 Arab Oil Boycott, and the 1979/85 Oil Crisis.
In this article: OIL
Are The Saudis Cutting Any Production At All? Maybe Not
Article By:
Keith Schaefer
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Wednesday, December 7, 2016 10:28 AM EDT
Over the last five years, Saudi crude production in October averaged 9.827 million bopd. January production averaged only 9.31 million bopd - a decline of 513,000 bopd, almost exactly inline with their 486,000 bopd production cut.
In this article: OIL
African Currencies, Nigerian Naira And The New US Dollar Volatility
Article By:
Dr. Dan Steinbock
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Wednesday, December 7, 2016 8:47 AM EDT
While OPEC production cuts could slow the plunge of Nigerian naira, the real headwinds are ahead, thanks to the impending Fed rate hike, the incoming Trump administration, and US dollar as the new fear index.
World Economies In Trouble: Middle East Oil Exports Lower Than 40 Years Ago
Article By:
Steve St. Angelo
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Wednesday, December 7, 2016 4:24 AM EDT
In the past 40 years, Middle East domestic oil consumption surged more than six times from 1.5 million barrels per day (mbd) in 1976, to 9.6 mbd in 2015. This had a seriously negative impact on rising Middle East oil production.
In this article: OIL