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Showing 61 - 70 of 1065 results for "oil prices"

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... inflows of all ETFs in Australia (second to a shorting ETF), as investors put in net $35 million, likely expecting oil prices to stabilise after the recent OPEC deal to cut down production by 30% in the wake of an oversupply. On Monday, May WTI futures ...

Credit value exists in emerging markets

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... sovereign issuance of $150 billion." Additionally, debt in Gulf Cooperation Council (GCC) countries, impacted by crashing oil prices, will see increased debt issuance. "At the onset of the year, the market expected roughly $30 billion of GCC external ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
Tanking oil prices are the latest go-to excuse for the renewed downturn on Wall Street. But more than this, it's added to the challenges facing America's economy and its corporate sector. The US labour market has already deteriorated markedly ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
... really a mirage, the demand shock from COVID-19 is overwhelming everything," Winans said. "Ultimately, the path for oil prices is going to follow the path of this virus. "Until demand shows some sign of life, oil prices will likely remain on life support." ...

Oil tanks

BENJAMIN ONG  |  TUESDAY, 21 APR 2020
... weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May". Sinking oil prices came despite the belated agreement (around mid-April) by OPEC plus to chop 9.7 million barrels per day - equivalent to ...

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
... worldometers.info. And it was also the day when slowly increasing anxiety over the virus (at the time) was met by the slide in crude oil prices. Brent crude oil prices slumped by 23.7% to US$34.54 following unexpected news that, instead of agreeing to ...

Opportunities and threats amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 2 APR 2020
... the duration of the slowdown in activity," he said. "Longer-term, we continue to believe the world requires higher oil prices to incentivise replacement supply from higher-cost conventional sources, such as ultra-deep water." Potter said there were both ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... back plans to cut production, and in retaliation, Saudi Arabia launched a price war for greater market share, slashing oil prices to US$4-7 a barrel and reportedly lifting production. The US West Texas Intermediate (WTI) crude and global Brent Crude ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... high-yield market. This, too, has been turned on its head by the latest development in the oil market. Brent crude oil prices slumped by 23.7% to US$34.54 following unexpected news that, instead of agreeing to cut oil production at their March 6 meeting ...

The sick short: Banking big on the coronavirus

ALLY SELBY  |  WEDNESDAY, 19 FEB 2020
... "Clients got quite lucky on oil," he said. "When we had tensions between the US and Iran, there was a big spike in oil prices and many of our clients tried to countertrade to that; short selling oil at $77 bucks a barrel, and managed to ride that wave ...