Commodity Trade Mantra

Posts Tagged ‘Oil Sector’

UAE Offers India Free Oil To Ease Storage Woes

India is building a massive underground storage facility system that will be able to take on 5.33 million tons of crude oil as a bulwark against global price shocks and supply disruptions. The UAE’s Abu Dhabi National Oil Company has agreed to store crude oil in India’s maiden strategic storage facility, sweetening the deal by saying India could take two-thirds of the oil for free.

Not ‘Rushing in’ to Buy Oil Juniors for 5 or 6 Months : Rick Rule

A lower oil price might stimulate demand in the near term, as people have more money, thanks to lower gasoline & energy costs. This begins to seed the overall economy for a recovery – a real recovery unlike the manufactured ones, based on cheap credit in developed nations. In the near term, though, price decline may weigh on the economy.

Will the Fed Intervene in the Oil Market?

The question isn’t, why would the Fed intervene in the oil market? The question is, why wouldn’t the Fed intervene in the oil market? In a larger sense, the Fed is already intervening in the oil sector. Should the Fed turn the dial of intervention up by buying futures and oil-based bonds, it is not a new policy–it is simply a matter of degree.

China to Obama: “Shut Up and Mind Your Own Business”

First Russia, and now China. The US is being firmly put in its place by the emerging superpowers in the world. First it was President Putin standing up to Obama over Syria in 2013. Then again in early 2014, Putin stood up to the US sanctions. Now China has sent a sharp official message to the US, warning it to stop meddling.

Russia Iran Sign Historic 500,000 Barrel A Day Oil Deal - Petrodollar Under Threat

Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions & the dollar based western monetary system yesterday. The 5 year accord will see Russia help Iran “organize oil sales” as well as cooperate in the oil-gas industry, construction of power plants, grids, supply of machinery, consumer goods & agriculture products.

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