Saudi Arabia Faces Oil Supply Juggling Act After Vienna Cut Pledge
Saudi Arabia will do the heavy lifting for OPEC in the 1.2mn b/d OPEC/non-OPEC production cut that takes effect in January. Under the new agreement with 10 non-OPEC producing countries led by Russia, OPEC will cut output by 800,000 b/d below the group’s officially announced October production of 32.9mn b/d...
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IMO 2020 Regulations and Fuel Price Impact Explained
The global shipping world in 2020 will see a challenge no other petroleum-dependent industry has witnessed to date. The repercussions could prove to be a game-changer and, though many questions remain, set the stage for high fuel prices. IMO 2020 In A Nutshell The International Maritime Organization (IMO) has decreed...
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Volatile Global Fuel Market Impacts Bunker Prices
World oil indexes ended last week with the first weekly loss in a while under the combined weight of various bearish factors, and the downward trend continues this week. Some analysts still believe we could witness Brent at US$100 a barrel before the year’s end, while others are more guarded...
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Petrochemicals Market Outlook for EMEA
New global supply will continue to set the tone for European petrochemicals this year while economic fences being built across the globe bring trade flow uncertainty. The long-awaited cracker and methanol capacities in other corners of the world are finally starting up and are already sending ripples to Europe. The impact translates...
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Aspect Clients & Industry Colleagues Enjoy Houston Astros Game
Commodity and energy trading professionals kicked off Labor Day weekend by watching an exciting Houston Astros baseball game Friday night in Aspect’s premium box suite. Guests enjoyed complimentary food and beverages while networking with industry peers from luxury seats. US Sales Director, Patrick Hayes, spoke with trade, risk and operations...
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Market Fundamentals Remain The Key Driver of Saudi Oil Policy
Saudi Arabia’s aggressive financial investments abroad, the role of Saudi Aramco in expediting these ventures, and the creation of yet another new high-level governing body have raised concerns that a major shift in the kingdom’s oil policy is under way. A raft of speculative reports that political and economic machinations...
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What Determines Oil Prices?
Rising and falling oil prices significantly impact global micro and macroeconomics. Economies rely on the valuable commodity to provide power to factory floors and fuel for transportation. Oil prices fluctuate throughout the day due to many reasons. Although supply and demand are the most common factors in dictating the price...
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Current Geopolitical Factors Impacting Global Fuel Prices
World oil indexes have changed irregularly during the week as the market treads carefully after OPEC committed to increasing production in order to more closely stick to its production cut agreement after months of under producing, and despite rising US production. Meantime, escalating tensions between the United States and Iran...
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AspectDSC Set To Release Enhanced Charting & News Tools In HTML
AspectDSC, the only cloud market data solution for commodities traders, and the only solution with trade and risk management tools offered on the same platform, is moving to HTML. Users as always get real time ticks and a historical database of spot, wholesale prices and futures from leading exchanges including...
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Mid-Year Analysis On Oil Prices
A steady diet of curveballs may be the best way to describe the first half of 2018 for fuel and oil prices. Revisions to forecasts have been many, market bears turned into bulls, and rising retail gasoline prices are back in the headlines after a two-and-a-half-year hiatus. International Markets It all...
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