According to the OPEC, which is a union of some of the biggest oil exporters in the world, assumes that the current oil prices are still supported by winter weather conditions and accumulated oil inventories, Market Leader reports. According to the oil cartel, oil prices may well dorm further down to $30-35/b by mid 2015. these predictions are backed by low global demand coupled with expanding oversupply at the expense of stably high oil production sown by the OPEC.
According to Axel van Trotsenburg, Vice President of the World Bank, low oil prices are going to have a positive impact on the global economy in the long run. He expressed such ha standpoint of his within the scope of he interview given to The Financial Times.
According to the Hi-Tech Department of Masterforrex-V Academy, Sony has recently announced that Spotify is going to become the exclusive partner of PlayStation Music for PlayStation Network. At the same time, the new services is going to be available at 40+ countries worldwide this spring, Market Leader reports.
Apple Inc., the world-famous tech giant (which has its stock traded on Nasdaq, the ticker is AAPL) has recently exceeded the bravest expectations made by some analysts from Wall Street, Market Leader reports. In particular, the last quarter of 2014 was a good one for the corporation as it managed to sell more iPhones at higher prices than expected.
Microsoft, the world-famous tech giant from the USA, reported about its financial performance in the forth quarter of 2014, which ended on December 31st. According, to the Hi-Tech Department of Masterforex-V Academy, the corporation’s net profits seen over the period of October through December reached $5,9 billion. For the same of comparison, the same figures seen 12 months before indicated $6,6 billion. With that said, this was a 10% decline in Microsoft’s quarterly net profits.
Not so long ago, Google updated its office apps for mobile devices powered by Android and iOS. According to the Hi-Tech Department of Masterforex-V Academy, Google updated the following apps: Docs, Slides and Sheets. The apps underwent minor design improvements and some new functions and features.
It is reported that the profit of Intel, the world’s biggest manufacturer of computer chips, boosted in the 4th quarter of 2014. This is the sign that the global demand for desktop computers and laptops increased over he reporting period, Market Leader reports. According to the Hi-Tech Department of Masterforex-V Academy, the tendency is probably going to be seen this year as well.
One of the most burning problems of the contemporary society is the ultra low price of crude oil worldwide. Still, it is surprising to see that the OPEC, which is a union of some of the world’s major producers and exporters of crude oil, is still reluctant to start cutting down on their oil production. If you have been in financial markets for a while, you probably know that amid declining global demand for crude oil (mainly triggered by the economic slowdown in China - the world’s second biggest economy and the biggest consumer of crude oil), the steady and high level of oil production leads to oversupply at all times. Apparently, oversupply triggers a price collapse. The bigger it is, the harder the prices fall eventually. This is the case in the global market of crude oil right now. The prices have already fallen by more than 50% since its local highs set in mid 2014.
Oil price seem to never stop going down since mid 2014. Yesterday, the prices went down a little bit as well. The thing is that the market seems to be reacting this way to the expectations of poor economic stats ,which are about to be released in China, the world’s biggest consumer of crude oil.
Judging by today’s situation, many experts do not doubt that crude oil may well stay below $100/b forever. At the same time, more experienced analysts are not in a hurry to make such brave predictions. Still, they agree with them to the extent that oil prices are probably going to stay low for quite a long period of time. In particular, they name serious levels below $50/b.