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Sunday, 4 December 04:08 (GMT -05:00)



Stock and commodities markets

Crude Oil: USA and OPEC’s Higher Oil Reserves Press Oil Prices


 

 

As of April 27th 2012, the oil supply to US refineries reached 14.7M barrels a day, which was 230K b more than a week before. The refining capacity increased up to 86%. The production of gasoline saw almost no changes as compared to the previous week - 8,8M b/d. The production of distillates declined by 4.1M b/d week-over-week.

 

 

 

 

 

 
Over the last 4 week the oil import reached 8.7M b/d, which was 15K b/d more as compared to the same period a year ago. Last week’s total gas import was equal to 777K b/d. Last week’s total import of distillates was equal to 91K b/d.
 
The US oil reserves increased by 2.8M b up to 375.9M b, which is the7-month high. The gasoline reserves shrank by 2M b. The total reserves of distillates declined by 1.9M b while the total oil reserves increased by 1.9M b.
 
The demand for oil products was estimated at 18.8M b/d during the last 4 weeks. This is 1.7% less than a year ago. The demand for gasoline reached 8.7 b/d over the same period. This is 4.7% less than a year ago. The overall consumption of oil products was lower than a year ago.
 
According to the Commodity Trading Department of Masterforex-V Academy, the mid-term trend in the global market of crude oil remains bearish amid record-high reserves in the USA and OPEC countries.

 


 

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In 2017, Oil Market May See Both Deficit and Oversupply

The contemporary global market of crude oil may well go from oversupply to seeing a deficit in 2017. This is what several respected experts working for the International Energy Agency thing on the matter. For starters, this scenario need a major trigger in the form of signing the promised oil production cap agreement reached verbally by OPEC members in late September in Algeria.

 

 
Publication date: 17 November 05:35 PM

Oil Prices Get Ready For Another Plunge

Crude oil and the Russian Ruble have found themselves at 3-month lows. There are several reasons for that.  In particular, OPEC is reported to be producing record-high amounts of crude oil despite the recent verbal agreement to cap and even cut their production in the near future.
 
Publication date: 16 November 09:01 AM

Kudrin Says Oil Will Cost Under $30/b Over the Next 20 Years

Former Russian Minister of Finance Mikhail Kudrin says that crude oil is going to see the period of ultra-low prices over the next 20 years. One of the most influential and respected Russian financiers specifies that crude oil is not going to cost more than $30 per barrel in the future.
 
Publication date: 14 October 05:11 AM

OPEC's Oil Production Saw Record Highs In September 2016

According to the recent research conducted by Bloomberg, OPEC’s oil production reached a new high in September 2016. To be more specific, OPEC is reported to have been producing 33,75 million barrels a day over the reporting period.
 
The record high production of crude oil within the scope of cartel has to do with considerable production growth seen in Libya and Nigeria over the reporting period. For those of you who don’t know, the similar data taken for the previous month report 33,24 barrels a day, which means that OPEC’s oil production increased by as much as 170 thousand barrels a day in a matter of 4 weeks.
Publication date: 07 October 11:34 AM

OPEC Cuts Oil Production, Oil Prices Go Up

Despite all the skepticism around yesterday’s unofficial OPEC summit, the members of the cartel did finally manage to agree on production cuts for the benefit of higher oil prices as well as a more stable and stronger market of crude oil. Apparently, the breaking news instantly sent oil prices higher all around the globe.

 

 
Publication date: 29 September 04:30 AM

Samsung Loses $22 Billion of Market Cap in 2 Days

Samsung, the world-famous manufacturer of computer electronics from South Korea, saw its market capitalization shrink by as much as over 22 billion dollars in a matter of just 2 trading days. This happened amid a scandal with the new smartphone named Samsung Galaxy Note 7, Masterforex-V Academy reports.

Publication date: 13 September 05:29 AM

OPEC Wants Higher Oil Prices

According to the Algerian Minister of Oil, the oil prices around $50/b are unacceptable. During his visit to Iran. The minister told that oil prices should be at least between $50 and $60 per barrel. This statement was made during the discussion of the existing situation in the global market of crude oil as well as the ways and means to coordinate OPEC’s efforts to make the prices go higher, Market Leader reports.

Publication date: 08 September 12:40 PM

iPhone 7, with dual-lens camera and water-resistant

Finally, it's there! No more rumors and secrets! Yesterday, Apple introduced iPhone 7.

Publication date: 08 September 02:40 AM

Over 210 Tons of New iPhone 7 Are Ready For Sales

Chinese media report that the first shipment of iPhones 7 from Apple’s production facilities in China is underway.
 

 

The first portion of the long-awaited devices by Apple is going to be shipped to the USA, the United Kingdom, the Netherlands and Italy. All in all, there are 370 000 units already packed and shipped. According to the experts of Market Leader, their total weight is roughly above 210 tons. Some sources name a more precise weight, which is 221,5 tons.
Publication date: 07 September 03:24 PM

Crude Oil Depends On Oil Summit In Algeria

Unexpectedly for many of us, it is reported that Iran is planning to participate in the forthcoming oil summit in Algeria. The summit is going to take place in late September 2016. This makes us ponder upon the following questions:
What has actually changed since the last oil summit in Doha this spring? Why is Iran going to participate in the summit this time?
 
Publication date: 29 August 04:34 PM