Sentences with phrase «oil market fundamentals»

«Most importantly, the underlying oil market fundamentals in the early part of 2018 look less supportive for prices.»

Commerzbank's head of commodity research Eugen Weinberg said oil market fundamentals «do not justify the current price, but unfortunately the market is focusing more on the politics and ignoring some of the warning signs, especially the hike in U.S. oil production.»

Not exact matches

Investors who were underweight on the Canadian market because of negative outlooks on the Canadian dollar, oil and other commodities are returning, says Lesley Marks, senior vice-president and chief investment officer, Fundamental Canadian Equities, at BMO Asset Management.

The International Energy Agency said Friday the oil market is re-balancing as demand continues to grow but more time is needed before these shifting fundamentals are felt by markets.

«Market fundamentals remain supportive, as crude oil prices are relatively rangebound, providing stability to customers as they evaluate projects,» said Baker Hughes Chief Executive Officer Lorenzo Simonelli in a statement.

This fundamental shift in policy engendered a technical shift in prices and sentiment that, once it began, became a waterfall of losses for the oil markets.

The oil market is re-balancing as demand continues to grow but more time is needed before these shifting fundamentals are felt by markets, the latest report from the International Energy Agency said Friday.

Still, «while the market does look weak from a fundamental perspective, sub - $ 40 [Nymex] oil means a lot of bad news is being priced in,» he said.

True, the bond market's implied inflation forecast has shot up since last year; but that's almost entirely because of oil rather than economic fundamentals.

This, along with a potentially improving oil supply picture, would contribute to a reduction in the imbalance of market fundamentals in the coming months.»

The optimistic longer - term projections that have been issued by the three main reporting agencies as well as from most Wall Street analysts are looking more and more like they may be off the mark as the current fundamentals are in no way suggesting the global oil market is already in a rebalancing pattern.

I am maintaining my oil view and short term bias at cautiously bearish as the current fundamentals remain bearish and the market seems to be breaking down from a technical perspective.

The oil market's basic fundamentals haven't changed much — apart from some further deceleration in the global economy - since earlier this year when I discussed a range bound energy market.

«We think the fundamentals do not justify the current price, but unfortunately the market is focusing more on the politics and ignoring some of the warning signs, especially the hike in U.S. oil production.»

Considering the short - term positive correlation between the oil price and the S&P 500 Index (see chart below) and the well - known bearish fundamentals, it's more likely that the oil market will build a base this year involving a Q1 bottom and one or two successful tests of the bottom.

Yet, despite market turmoil, the supply versus demand fundamentals for oil continue to be very bullish.

Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring.

Sector fundamentals like gold / oil and gold / materials ratios are not good and macro fundamentals like gold vs. stock markets, the economy (which is relatively strong) and the yield curve are not at all supportive either... as they currently stand.

2016, which I believe may have been the bear market low, bottomed in January and then impulsively worked its way upward until the over-hyped sector fell apart as its fundamentals degraded (in this post we used the gold / oil ratio as just one example).

While we believe that current energy market fundamentals justify an oil price of $ 50 or above, we also note that productivity gains in US shale fields have increased the elasticity of supply from these critical swing producers, a factor that could cap any significant price appreciation.

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research AnalyOil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyoil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

Guided by the fundamental indicators such as rise in price of Gasoline, Gasoil and Brent crude on the international oil market, the country's fuel stock as well as the fair - stability of the country's local currency against the U.S. Dollar; the Institute for Energy Security (IES) sees fuel prices primed to rise again on the local market by up to 2.5 %.

We trust that all Oil Marketing Companies would ensure that the fundamentals guide them in their pricing for the next window which opens on 16th June 2016.

This uncertainty, coupled with a glut of oil supply in global markets, has kept energy industry - dependent office markets such as Houston on the sidelines during the current surge in nationwide office fundamentals, Rutherford says.

Now, adding fuel to the fire, while investors expected OPEC to stabilize markets, as usual, the cartel announced after its November meeting that it would not cut supply to support prices and the Saudi oil minister stated there would be no intervention in oil markets even if prices dropped to $ 20 a barrel — at which point animal spirits and hedge funds betting on continued oil price increases wrested control from supply / demand fundamentals.