opec

Matthew Haupt

2018 has proven to be a tumultuous year for the Australian equity market. Key themes driving the market’s decline and heightened volatility have included the increase in government regulations, escalation in trade wars and attempts to control the global oil surplus. Show More

Peter Wilmshurst

Despite the recovery in oil prices in the second half of last year, energy was the weakest sector in 2017 after a strong run in 2016. The short-term pressures — a potential supply glut due to weaker seasonal demand, an excessive focus on US inventories, the lag between the announced... Show More

Harley Grosser

Last year I formed the view that there were opportunities in oil stocks. A handful of oil producers lagged the oil price as equity investors doubted the sustainability of the rebound. But a number of factors suggest that oil, while the price will of course be volatile, is now well... Show More

Craig James

There are still two days of the earnings season to go. Remarkably all but 8 of the 135 companies produced a profit for the six months to December. That is, around 94 per cent of companies made money. Excluding BHP Billiton, aggregate profits lifted by 37 per cent. Almost 89... Show More

Gavin Wendt

Despite the skeptics, OPEC is doing exactly what it said it would do – which was to dramatically rein in oil production. Global oil output plunged during January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing, according to the International Energy Agency (IEA). Oil supplies fell... Show More

CommSec

CBA Mining & Energy Commodities Strategist, Vivek Dhar provides his outlook for oil prices following the recent OPEC deal to cut production For more market insights, visit https://www.commsec.com.au/market-news/the-markets.html Show More

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

UBS Asset Management

After over two years OPEC has finally done the economically and indeed politically rational thing. Sentiment was supportive of a deal for most of the period since the initial Algerian meeting when such a cut was proposed. However, from last weekend the language from the main participants was reminiscent of... Show More

Livewire Exclusive

Oil market participants are waiting on the outcome of the OPEC meeting to be held in Vienna next Wednesday. As the date draws closer, the Commodity Futures Trading Commission reported that bets on oil recently reached their highest level for a weekly period since 2007. Romano Sala Tenna, Portfolio Manager... Show More

Romano Sala Tenna

Earlier in the year we wrote that we expect OPEC to do a deal at some point, but that ‘these agreements always take longer than we expect.’ To be clear, we are not convinced that this is ‘the’ deal; from our perspective we were anticipating that OPEC members would need... Show More

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