Author: AEN Staff

Opinion: US/China trade tensions likely to slow global growth

Trade tensions between the United States and China are creating uncertainty for businesses, and could threaten their global supply chains and future investment plans. By John Kemp LONDON, April 10 (Reuters) – Trade tensions between the United States and China are likely to have an adverse impact on global growth even if the threatened tariffs are never imposed. Conflict between the world’s two largest economies is creating significant uncertainty for businesses that threatens their global supply chains and future investment plans. Senior U.S. officials have emphasised the tariffs are only a proposal at this stage and could be averted...

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Oil prices hit Dec 2014 levels after missiles intercepted over Riyadh

Oil prices jumped on Wednesday after Saudi Arabia reported it intercepted missiles over its capital city of Riyadh, increasing Middle East tensions.  Reuters photo by Faisal Al Nasser. Oil prices up almost 2 per cent Wednesday On Wednesday, oil prices hit their highest mark in over three years after international tensions over Syria increased after a Saudi Arabia media outlet reported that the kingdom’s military had intercepted missiles over the capital city of Riyadh. After hitting $67.23/barrel earlier in the session, by 2 p.m., EDT, US WTI sat at $66.85, and was up by $1.34.  Benchmark Brent crude rose by...

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US drillers target Eagle Ford shale play as oil debt eases

The Eagle Ford shale play produces less crude than the Permian basin, but is located in south Texas and is closer to the US Gulf Coast’s refineries and pipelines.  Pipeline and Gas Journal graphic. Eagle Ford, Austin Chalk “next big play” according to study As oil prices continue to rise, US oil and gas producers expect they will be able to boost their borrowing ability in the coming months, allowing them to invest in new shale assets.  Many drillers are saying they are looking to increase their presence in the Eagle Ford shale play in southern Texas. Law firm...

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Saudis aim for $80/barrel to pay for gov’t agenda, boost Aramco IPO

The kingdom of Saudi Arabia is working to boost oil prices to around $80/barrel to pay for the government’s policy agenda and boost interest in the Saudi Aramco IPO.   Saudi Aramco IPO likely in 2019 According to a report by Bloomberg, the kingdom of Saudi Arabia is hoping oil prices will rise to $80/barrel to help pay for government services as well as attract investors to the upcoming Saudi Aramco IPO. Speaking with Time magazine last week, Saudi Arabia’s Crown Prince Mohammed bin Salman made his first public statement where he linked his expectation of rising oil prices to...

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Opinion: Hedge funds rotate from WTI to Brent in search for roll yield

Hedge funds cut their bullish position in crude and fuels recently, reversing the trend that saw a significant increase in the previous two weeks.  Apache photo. Hedge funds shift away from US light crude towards Brent By John Kemp LONDON, April 9 – Hedge funds trimmed their bullish position in crude oil and fuels in the most recent week after increasing it significantly over the previous fortnight. But the overall reduction conceals a sharp shift away from U.S. light crude (WTI) and towards the international marker Brent, according to an analysis of position data published by regulators and exchanges....

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