Oil price volatility, which we predicted is still in the cards for 2016 and is reshaping the world as we know it. STEVE AUSTIN | 2016/01/21 At last, the oil price has fallen in the $20 range. Its rate of decline is all the more impressive, having lost $10 – a third of its value […]
Oil price volatility is ramping up and coincides with the 3 to 4 year cycle previously demonstrated. TOM THERRAMUS | 2016/03/01 The numbers say that these should be the best of times for America. The economy has been growing for five years. Unemployment is low. Inflation is almost nonexistent and gas is cheap. Yet, many […]
Proof of widespread bribery did not affect oil prices which remained oscillating below $40. TOBIAS VANDERBRUCK | 2016/04/06 The Brent Crude Index hit $27.1 on January 20th this year – its lowest point since June 2003. The index’s lowest point in the last 20 years was at $10.19 back in December 1998. As the price […]
Low oil prices having forced some producers out of business, WTI and Brent oil prices edge up as the oversupply shrinks STEVE AUSTIN | 2016/05/11 Crude oil was at a 13-year record $25 low in mid-January 2016 and has soared more than 70 per cent since. The battle is on again. We are talking about […]
For 54 years the OPEC cartel ensured high oil revenue by restricting how much oil goes on the market. STEVE AUSTIN | 2016/06/20 In an event that went largely unnoticed, we have, in fact, passed the point in human history where OPEC’s key member Saudi Arabia can dictate oil prices any longer. No one seems […]
An out-of-touch EU leadership and its lethargic response to the migrant crisis and terror attacks planted the seeds of Brexit and encouraged Turkey’s aggressive stance. STEVE AUSTIN | 2016/07/22 We’ve been hearing a lot about Brexit. What is Brexit, by the way? Well, in June a referendum was held in Britain to decide whether the […]
While it is tempting to feel good about sustained low oil prices, are they really a blessing as most believe? STEVE AUSTIN | 2016/09/08 At first sight it appears that low oil prices are good for society. A low oil price helps us save dollars at the pump, acts as an economic catalyst making exchanges […]
On the campaign trail, Trump promises to increase US oil production which would lower oil prices while Clinton plans the opposite. In reality whoever gets elected will have to tread carefully on oil prices. STEVE AUSTIN | 2016/10/20 The November elections will hoist either Donald Trump or Hillary Clinton into the Presidency. Given that the […]
Trump has won. The energy sector in the US stands at a poignant cross-road. Which route will the new administration go and how will the oil prices fare? STEVE AUSTIN | 2016/11/30 We’re on a roll when it comes to accurately predicting major geopolitical events and their impact on oil prices. In our article titled […]
Russian gas pipelines interconnected into Europe are the crown jewel of Putin’s geopolitical arsenal. STEVE AUSTIN | 2017/01/17 Russia has been in the news lately, amid allegations that it “hacked the vote”. Yes, the very ‘vote’ that granted ascendancy to Trump as the 45th president of America. What a day January 20 is going to […]