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Saturday, 17 April 20:47 (GMT -05:00)



Stock and commodities markets

OPEC Says Shale Oil Shows Unprecedented Pricing Flexibility


The U.S. shale oil revolution has already proved to the world’s major oil producers that it is worth counting with. This obvious fact was recently recognized by OPEC Secretary General Abdalla Salem El-Badri. He says that American companies engaged in producing shale oil are capable to boost their production under any circumstances. With that being said, if that’s the case, they are going to be able to cover any oil export deficit should it occur as the result of shrinking oil production by other exporters out there. This means that the USA may become the nation preventing oil prices from recovering even if OPEC and other exporters start reducing their production to reduce the oversupply and make the prices recover.

 

 

 

 
Within the framework of his speech made in Huston at the World Oil and Gas Conference, El-Badri highlighted the fact that the cartel is now uncertain about the way the members are going to act under such circumstances full of uncertainty. The this is that OPEC has never encountered such a flexible source of oil exports capable of reacting to any changes in a matter of days.
 
 
 
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It is also interesting to note that on February 16th, Qatar hosted a summit with Russia, Saudi Arabia, Kuwait, Qatar and Venezuela as its participants. They agreed to freeze their oil production volumes at the level of January 11th.  Still, the participants agreed to make such changes only if the other OPEC members do the same. With that being said, this agreement is some kind of a crucial step aimed at showing others that the exporters are willing to act first and ready for an open dialog. They are setting an example for other oil exporters out there. 
 
However, Iran seems to be reluctant to make such a step. The Iranian government claims that they don’t find it logical to curb their oil production, which is why they are not going to to join the agreement that was reached a couple of weeks ago between Russian and several OPEC members. More specifically, some Iranian officials say that many OPEC members boosted their oil production while Iran was under Western sanctions. Now, when the sanctions are canceled, Iran is also going to catch up with OPEC fellows.
 
It happens so that the mentioned agreement contradicts Iran’s ambitious plans, which is why Iran is not going to join it even though other OPEC members support the agreement. In particular, Kuwait and some other OPEC members are reported to have agreed to cap their oil production. Still the expert community is skeptical about the agreement since the participants have to talk the remaining 10 OPEC members into signing the agreement as well. Iran is on the list and the authorities are said to be reluctant to make such a step as they are trying to regain the lost ground by any means.

 

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Goldman Sachs is back in the game

20 years ago, Goldman Sachs used to be a Wall Street legend and a dream company to work for graduates with a financial degree. Over the last few years, the bank has been a loser with thousands of disappointed employees, managers, and investors. However, the other day Goldman Sachs made an attempt to get back in the game.

Publication date: 16 October 01:17 PM

European ETFs - Decent Alternative to American ETFs

The mentioned PRIIP rules are forcing the financial service providers and brokers to publish a specific set of info documents including the so-called KID with the key info on certain investment and insurance products. Since the funds coming from outside of Europe do not conform to these requirements, they cannot be offered to EU residents as investment products.
Publication date: 19 September 01:48 AM

Warren Buffett Keeps Loading Up On Bank of America's Stock

Berkshire Hathaway keeps loading up on Bank of America's stock. This time, during the period of July 31st - August 4th, they purchased over 13,6 million shares, which cost 337 million dollars. The average prices was 24,81 dollars per share. With that being said, Berkshire Hathaway now owns 1,03 billion shares of the stock, which is 26,15 billion dollars in dollar terms. As for the Federal Reserve, they agreed to increase the fund's share to 24,9%.

Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

Today, another crude oil inventories report has been released by the USA:

Publication date: 03 June 12:21 PM

Is Gold Worth Investing Amid Crisis?

Securing assets has always been number-one goal during crises. This is something that worries borth financial experts and plain folks who are far from the  peculiarities of the financial world but who are still witnessing their savings vanish amid inflation and devaluation.

Publication date: 14 April 02:09 AM

Remember the Key Rules of Investing in Stocks

Without further ado, let's consider a bunch of principles of investing in stock, which will put the odds of succeeding in this business in your favor:

Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

It seems that the release of the long-awaited iPhone without any ports or holes is getting more and more portable. Apple has always favored minimalistic designs, especially over the last 5 years. In 2015, almost all of the classic ports were deprecated in MacBooks in favor of a single one - USB-C Thunderbolt 3. In 2017, iPhone 7 got rid of the 3.5mm audio jack.

Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM