opec

Chris Watling

A turn higher in oil prices in coming months and quarters, if forthcoming, should result in considerably weaker Chinese demand growth, as the authorities scale back their aggressive stockpiling policies. Weak underlying Chinese oil consumption, as well as high inventory levels, suggest that reduced stockpiling activity could be reasonably sharp.... Show More

Mathan Somasundaram

Aussie market started positive and then went on a rampant short covering run to deliver a strong positive finish after a weaker than expected unemployment data . The bounce was mainly driven by Oil recovery. Non OPEC players showing signs of working towards a deal with OPEC to first freeze... Show More

Mathan Somasundaram

Aussie market pulled back hard on lack of ECB move on stimulus before recovering some of the losses through the day. Mario Draghi did what he does well, talk well and deliver minimum but the market wanted more. The market is like a spoilt child that has been given too... Show More

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Mathan Somasundaram

Aussie market started very negative with global sentiment before bouncing back to recover half the day’s loss and then sliding slightly further negative as the optimism waned. History tells us that in recent terror threat have not delivered a prolonged negative sentiment. We expect the current event to follow the... Show More

John Robertson

Swings in OPEC’s market power have underpinned oil price movements over the past 50 years. The chart shows the extent to which changes in world-wide oil demand have exceeded (or fallen short of) changes in non-OPEC oil supplies, as one measure of the cartel’s market power. A positive balance shows... Show More

John Robertson

Faltering global growth is not the problem confronting the oil market. The latest OPEC monthly report (published on Tuesday) shows the oil cartel has upped its estimate for 2015 demand to 1.38 mb/d. The International Energy Agency’s monthly update released on Wednesday has pushed its 2015 forecast up to 1.6... Show More

Mathan Somasundaram

Aussie market maintained the negative global sentiment and delivered a very slight negative day to cap five negative days for the week and the worst weekly performance for three years. While I was traveling around Victoria with the Baillieu Holst team over the week, retail investors were very concerned about... Show More