Posted at 4:57 PM , on March 16, 2015
Will OPEC go the way of other cartels in history?
The sharp fall in oil prices since June 2014 has raised serious questions about the role of OPEC. The Organization of Petroleum Exporting Countries (OPEC) has for long held complete sway over crude oil supply and pricing. The year 2014-15 proved that the OPEC was no longer pre-eminent in oil. What does this mean for the future of the OPEC? Continue reading
Posted at 12:52 PM , on February 24, 2015
“Why an adamant Germany finally relented..”
It may not be victory for the Greeks but surely it will go down as a personal triumph for Alexis Tsipras. The man, who came to power by promising to abandon austerity, has got a 4-month extension of his credit line. While it may not solve the problems of Greece, they at least have time to think, strategize and chalk out a credible game plan. But the question is why did Germany and the wealthy North finally relent? Continue reading
Posted at 7:46 AM , on February 9, 2015
Oil price bounce. But can oil prices sustain; most likely not!
The good news for oil drillers is that oil prices have risen 26% in the last month. But the bad news is that oil prices are still 50% below their June 2014 levels. In a nutshell, oil is awfully volatile and nobody has a clue as to what will happen. For example, Goldman Sachs has a target of $30/barrel while the OPEC has an estimate of $200/barrel. The price may settle somewhere in between, or so we hope! Continue reading