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DGCX sees INR and WTI futures gain pace in OctoberThe Dubai Gold and Commodities Exchange (DGCX) Group’s Indian Rupee (INR) suite recorded a spike in trading during October, as market participants looked to hedge their risk amid market volatility. Notably, the DGCX Group&rs More… |
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Oil to average $68 per barrel in 2021: MUFGBrent and WTI will average $68 and $65 per barrel (/b) respectively in 2021, said Mitsubishi UFJ Financial Group (MUFG), a Japanese bank holding and financial services company in its latest Oil Market Weekly. “For 2022, we c More… |
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Brent to average $63 this year, says BofA reportWith monthly Opec+ decisions and accelerating global economic activity and mobility as immunization programs advance, Brent and WTI are forecasted to average $63 and $60 per barrel (/bbl) this year respectively, said a new BofA Global Research r More… |
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Brent to average $63 this year, says BofA reportWith monthly Opec+ decisions and accelerating global economic activity and mobility as immunization programs advance, Brent and WTI are forecasted to average $63 and $60 per barrel (/bbl) this year respectively, said a new BofA Global Research r More… |
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Oil likely to breach $70 by year-end: MUFGSpurred by a confluence of vaccine optimism, US stimulus, prospects of a weaker US dollar and stern Opec+ discipline, Brent and WTI are likely to breach $70 per barrel (/b) and $65/b, respectively by year-end, a report said. Spurr More… |
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Oil likely to breach $70 by year-end: MUFGSpurred by a confluence of vaccine optimism, US stimulus, prospects of a weaker US dollar and stern Opec+ discipline, Brent and WTI are likely to breach $70 per barrel (/b) and $65/b, respectively by year-end, a report said. Spurr More… |
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Brent price forecast to hit $53 in 2021: BarclaysBrent and WTI prices are expected to reach $53 per barrel (/b) and $50/b respectively in 2021, said Barclays, a British multinational investment bank and financial services company in its latest Commodities Research report. &ldquo More… |
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Saudi Arabia: Is the VAT increase a game changer?Economic and fiscal reforms in Saudi Arabia through to the end of 2019 have led to an impressive fall of the breakeven fiscal oil price. However, this was not enough to balance the Saudi budget. According to the IMF’s estimates, a More… |
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Brent to average $35 this year, $45 in 2021: Moody’sBrent prices are estimated to average $35 per barrel this year and $45 in 2021,said Moody’s in a new report, noting that oil production will decline in 2020-21 because of both the agreed Opec+ deal and production shut-ins in the US and Can More… |
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Shut-ins, rise in demand 'may save June WTI contract'Oil markets turned upside down as the May WTI futures contract slipped into negative territory earlier this week. The move was driven primarily by concerns about the shortfall in available storage capacity at Cushing, Oklahoma, the pricing poi More… |
