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Showing 31 - 40 of 99 results for "OPEC"

Oil's not so slick

BENJAMIN ONG  |  TUESDAY, 20 JUN 2017
It has only been less than a month - 25 May -- since the Organisation of Petroleum Exporting Countries (OPEC) announced the extension of crude oil production cuts by nine months to the last day of March 2018 but oil prices are sliding again. The deal ...

Damned if they do, damned if they don't

BENJAMIN ONG  |  MONDAY, 3 APR 2017
... psychological US$50.00 per barrel mark - the level they have risen to since the Organisation of Petroleum Exporting Countries (OPEC) announced that they (and non-OPEC members) agreed to a reduction in oil production last November. The deal reached involved ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 8 DEC 2016
... rupee 500 and rupee1,000 notes could result in a transitory easing in the country's inflation, it's concerned that "With the OPEC's agreement to cut production, crude prices may firm up in the coming months". India's inflation rate was 4.2% in October ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 2 DEC 2016
... down by 3.8 points but remains at a strong 62.5 reading in November - the recent spike in crude oil prices (following the OPEC deal) would put upward pressure if it persists. Selling prices climbed into expansion to 51.5 in November from 47.9 in the ...

Oil's rally could slip

BENJAMIN ONG  |  MONDAY, 17 OCT 2016
... International Energy Agency (IEA) summed up the oil rush very nicely in its October Oil Market Report: "The waiting game is over. OPEC has effectively abandoned its free market policy set in train nearly two years ago. Global oil inventories are far ...

US dollar downed

BENJAMIN ONG  |  THURSDAY, 4 FEB 2016
... ended 29 January were at the highest levels on record. Sure there's still the speculation du jour about the likelihood of an OPEC emergency meeting to cooperate on production quotas but more likely than not, markets have already pencilled this in when ...

Oil slip

BENJAMIN ONG  |  TUESDAY, 8 DEC 2015
No more quotas. No more targets. No more ceilings. This was OPEC's (Organisation of Petroleum Exporting Countries) decision at their meeting in Vienna last Friday - the decision that sent oil prices down to 6-year lows. WTI oil dropped by 5.8% to US$37.65 ...

Fairy tales may come true

BENJAMIN ONG  |  THURSDAY, 3 DEC 2015
... already thrown the sink - and Japan - where Abe is now pondering fiscal stimulation - and emerging Asia and Latin America and OPEC. Let's not stop at the slowing global economies, there's also the incidence of increased terrorism. All these were already ...

A$ falls to the occasion

BENJAMIN ONG  |  TUESDAY, 25 AUG 2015
... another 4% while we slept after falls of 2.1% last Thursday and 3.2% last Friday. It's because of China, it's the Fed, it's OPEC, it's Greece, it's currency wars and beggar-thy-neighbour policies, it's overvaluation, it's the calendar - you name it ...

Majority slammed (again), equities dunked, A$ fouled

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2015
... growth target - instead of the speculated lowering to 7.0% -- when the parliament meets for its annual session this month or OPEC suddenly announces a sharp cut in oil production, or geo-political tensions rises, or all these happen or... a black swan ...