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Showing 51 - 60 of 1068 results for "oil prices"

Chief economist update: Oil could slip on fresh lockdowns

BENJAMIN ONG  |  THURSDAY, 12 NOV 2020
... vaccine is nigh has injected optimism in the world economies, financial markets and commodity markets, including oil. Oil prices jumped to two-month highs - WTI oil to US$41.36 per barrel; Brent oil to US$43.61 - following reports of encouraging COVID-19 ...

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
... economies around the world, especially in China, in the second quarter of this year, and the OPEC+ cuts in production, sent oil prices higher. WTI oil prices soared to US$42.96 per barrel in August from the record low negative US$36.98 in April. Brent ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... the re-opening of many businesses in an increasing number of countries around the world prompted a reversal in crude oil prices. WTI oil prices soared by 37.0% to an average price of US$38.21 per barrel in the June quarter from US$27.96/barrel in the ...

BetaShares rejigs oil ETF...again

KANIKA SOOD  |  WEDNESDAY, 5 AUG 2020
... COVID-19 sapped demand for oil. Oil-producing nations in April agreed to production cuts of 10% from May 1 to normalise oil prices. In July, Gulf countries that had restricted supply on top of OPEC+ agreed cuts wound them back. On April 29, BetaShares ...

Pessimism strikes Australia, US optimistic

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2020
... unlike any we've seen before, and as a result global macro themes including the China/US trade tension and falling oil prices have subsided, as local economic stimulus measures have helped to calm some investor concerns, stabilise returns, and trigger ...

Oil to make strong recovery: State Street

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... more people around the world use their cars more over public transport. "Whilst West Texas Intermediate (WTI) crude oil prices turned negative last month, the oil market appears much calmer as the June contract approaches," Jones said. "Supply has been ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
... per barrel. The price of Brent oil remained positive but still plummeted to a 34-year low of US$9.12/barrel. Sinking oil prices came despite the belated agreement (around mid-April) by OPEC plus to chop 9.7 million barrels per day - equivalent to 10% ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... passed, CPI inflation rose to 2.2%, but it is expected to turn negative temporarily in the June quarter, due to falls in oil prices, the introduction of free child care and deferrals of various price increases. Further out, in the baseline scenario inflation ...

Future Fund not buying the oil dip

KANIKA SOOD  |  THURSDAY, 30 APR 2020
Oil prices crashed to record low last week but Australia's $162 billion sovereign wealth fund says it has no plans to buy the dip. Last Monday, immediate contracts for WTI crude fell into the negative territory. The drop prompted the US government to ...

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
... they can't cross those borders now. "And some of our export earnings are taking a hit. For example, the record low oil prices seen around the world also mean lower gas prices. Given that Australia is now the world's largest or second largest ...