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Stockpile Data Dampens Crude Gains, But CEO Predicts Saudis Will Move Prices Upward
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Wednesday, 28 June 2017
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Despite so many nations around the world pumping full out, which virtually ensures continued market woes, some experts are still hoping for a brighter near-future, one being Tim Dove , CEO of Pioneer Natural Resources Co. : speaking at the JPMorgan Energy Equity Investor Conference in New York....
Read more... [Stockpile Data Dampens Crude Gains, But CEO Predicts Saudis Will Move Prices Upward]
 
Breakfast briefing: Wednesday, June 28
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Wednesday, 28 June 2017
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MarketWatch: The tech-heavy Nasdaq led a broad Wall Street decline on Tuesday with stocks falling more sharply after a healthcare bill was delayed in the US Senate, raising fresh questions about President Trump's domestic agenda. The DJIA fell 98.89 points, or 0.46%, to 21,310.66, the S&P 500 lost 19.
Read more... [Breakfast briefing: Wednesday, June 28]
 
Brighter outlook for Bumi Aramada, says CIMB Research
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Wednesday, 28 June 2017
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UALA LUMPUR: CIMB Equities research is retaining its target price of 92 sen for Bumi Armada , which is 27.8% above the last traded price of 72 sen as prospects are looking much brighter after the floating production storage and offloading (FPSO) unit Kraken achieved first oil last Friday.
Read more... [Brighter outlook for Bumi Aramada, says CIMB Research]
 
Despite Market Glut, Crude Oil Price up on Weaker Dollar OPEC not in a rush to implement deeper outp
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Wednesday, 28 June 2017
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Ejiofor Alike with agency reports. Despite the excess inventory in the global oil market, which has capped the gains in recent weeks, oil prices rose for a fourth consecutive session yesterday, boosted by a weaker dollar. This is coming as indications have emerged that the Organisation of Petroleum....
Read more... [Despite Market Glut, Crude Oil Price up on Weaker Dollar OPEC not in a rush to implement deeper outp]
 
Analysts divided on direction of crude prices
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Wednesday, 28 June 2017
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PETALING JAYA: The oil price slump and unexciting developments in the oil and gas (O&G) sector have taken a toll on the market as well as the industry players. With analysts divided on the direction of crude in the second half of the year, counters related to upstream O&G players are expected to be significantly affected, moving forward.
Read more... [Analysts divided on direction of crude prices]
 
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Crisis watch

  • Dura aterragem na Venezuela
    A Venezuela está à beira do precipício. A ação concertada ainda pode evitar a sua queda. Mas quanto mais se atrase, mais venezuelanos morrerão por falta de medicamentos, pela má nutrição ou pela violência.
  • South China Sea Ruling Sweeps Away Diplomatic Ambiguities
    Tuesday?s ruling by the International Tribunal on the Law of the Sea has bought a little clarity to the problems in the South China Sea, but it has not made solving the underlying problems significantly...
  • China Hardens Position on South China Sea
    China has taken a leap towards clarifying its claims in the South China Sea, but in a direction that could intensify frictions.
  • Erdo?an?s Pyrrhic victory
    Paradoxes have always abounded in the relationship between the Turkish military and the country?s politicians. Turkey?s armed forces ? or factions within them ? have justified their repeated interventions in politics with claims that they...
  • Venezuela?s hard landing
    Venezuela is on the edge of the precipice. Concerted action may yet pull it back. But the longer it is delayed, the more Venezuelans will die from lack of medicines, malnutrition or violence.