Tue, 24 Apr 2012 06:52:00 +0400
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This year we have already seen oil prices dropping below $30/b down to $28/b and then recovering above $30/b. Even though some experts assure us that we are not going to see another major price crop in the near future. However, others say that the price are not planning to rally to new local highs either.
OPEC is reported to be planning an emergency summit. The reason is obvious – the oil market downtrend is underway again after taking a short timeout. The participants are going to discuss the ways and means of resisting the unfavorable conditions seen in the global market of crude oil today.
Apple has already done some video-content-related projects and is rumored to be planning to make further progress in this field. Some experts say this is going to be done through focusing on radio shows for the Beats 1 radio station as well as on TV shows and TV series, Market Leader reports.
As of December 2015, Apple is no longer the world’s leading corporation in terms of market capitalization. The thing is that at the end of last year, Apple yielded its leadership to Alphabet (which owns Google).
Even despite the fact that Saudi Arabia and Iran are seeing tensions in their relations, bot of them can actually benefit from Iran’s comeback and lower oil prices. The thing is that they feel like putting up with very low oil prices temporarily only to kill the U.S.-led global shale oil industry, Masterforex-V Academy experts assume.
According to the recent report released by National Iranian Oil Company, Iran decided to cut the oil prices for its European importers earlier in February. According to the price list, the discount for Western Europe is $4,85 per barrel relative to the weighted average price of Brent oil. For the sake of comparison, January’s discount was $4,3 dollars per barrel. At the same time, it is expected that the the discount for the heavy oil is going to reach $6,5/b in March 2016.
As you probably know, oil prices continue their way down to new major lows driven by multiple factors like China’s economic slowdown and Iran’s comeback to the international market of crude oil as a major player along with the USA, which recently saw the oil export ban canceled.