Category Archives: Oil

The Future of Oil Demand

Contrary to popular belief, taking into account electric cars and other forms of renewable energy, OPEC (The Organization for Petroleum Exporting Countries) forecasts global demand for oil increase into 2040. In the short term, OPEC expects global annual demand growth … Continue reading

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Oil Outlook – Iran and Nate

Crude oil has fallen slightly this week, with WTI closing at $49.44 and Brent at $55.72. Prices fell on Thursday due to increased exports from the US. On Friday, fear of refineries closing from Tropical Storm Nate depressed oil prices. … Continue reading

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Banks Lower Oil Price Expectations

Banks have decreased their projections for oil prices for the fourth consecutive month this year as analysts expect oil supply to increase next year. Members of the OPEC had renewed an agreement with ten other crude oil producers to hold … Continue reading

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Oil Turns Bearish amidst OPEC Uncertainty

Earlier this week, Saudi Arabia pulled out of planned talks with non-OPEC countries. Disagreement regarding the burden of supply cuts has been cited as the primary reason. OPEC officials were set to meet with non-members, including Russia, on Monday, but … Continue reading

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Iran to Deal with France’s Total as International Sanctions are Lifted

One of the largest oil companies in France has agreed to purchase hundreds of thousands of barrels of Iranian Crude a day. Oil Minister, Bijan Zanganeh, has decided to allow France’s Total SA to spur the oil industry through its … Continue reading

Posted in dollar, Economy, Euro, Forecasts, France, Global News, Global Trade, Iran, macro-economic, Macro/Sector News, Oil, OPEC, Pound, Uncategorized | Leave a comment