Stronger global oil prices have not benefited the offshore marine sector, whose troubles will weigh on Singapore banks report earnings.
Not exact matches
Investors started off 2015 with a slow
global economy, low
oil prices, a
strong Dollar, and a deflationary Europe with great uncertainties on the progress of the US economy and the recent launch of Europe's quantitative easing.
The recent rise in
oil prices, itself partly a reflection of
stronger global economic conditions, has directly added to CPI inflation in the past two quarters and may have a further contribution through effects on business costs and
price expectations.
Even before the events in Saudi Arabia, the positive backdrop for
oil prices had been building, due to
stronger growth across the
global economy.
Another name that has taken a beating as a result of lower
oil prices,
stronger dollar and a weaker
global economy is Dover Corporation (DOV).
Crude
oil prices edged up on Friday boosted by
stronger than expected U.S. economic data though the longer - term outlook for energy markets remains weak due to a
global oil supply glut and uncertainty over economic growth prospects in Asia.
Strong demand for crude
oil and the entire energy sector continues to push
prices higher as I still think we will trade above the $ 70 level in the weeks ahead as
global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.
The
global pick - up in demand and activity has generated
strong upward pressure on a range of commodity
prices over recent months, notably for
oil, gold, base metals and a number of rural commodities.
Increased demand from consumers such as Saudi Arabia and Russia, buoyed by
strong oil prices, coupled with exports to traditional trading partners such as Japan, is benefiting the Australian dairy sector, which has a 17 per cent share of
global cheese exports.
However, Bord Bia said prospects for Irish dairy exports in 2017 look positive: Recovering
global dairy
prices and increased demand from key
global dairy importers and anticipated
stronger oil prices should help exports.
Also speaking, Governor Abdullahi Ganduje said his administration entered into the partnership with Lagos with a
strong belief that it would create a veritable platform to drive home grown investments in the face of volatile
global oil prices.
Forecasting
Oil Prices with Economic Data bit.ly / toKHW4 Real crude prices go up when global econ conditions r strong $ $ surpris
Prices with Economic Data bit.ly / toKHW4 Real crude
prices go up when global econ conditions r strong $ $ surpris
prices go up when
global econ conditions r
strong $ $ surprise, not
The forecast for
stronger output comes as
global oil prices topped $ 65 a barrel on Tuesday, the
strongest since June 2015, driven by continued supply curbs from OPEC and an outage on a key North Sea pipeline.
Overall, the
price per barrel of
oil is
strong at $ 105 and with current
global political instability, particularly in Iraq, Ukraine and Russia, many analysts predict it will rise to over $ 110 per barrel in Q3.