The global oil industry got a wakeup call with the huge attack on two Saudi oil facilities on Saturday. Oil prices are soaring Sunday night as a result of this attack. Experts in the media are using words such as “game changer”, “crippling”, “big deal”, “big one” etc. to describe the attack. The use of …
Continue reading ‘Crude Oil Prices Soar After “Game Changer” Attack on Saudi Oil Facilities’ »
Oil is the most important commodities in the world. The price of crude oil impacts most of the global economies. Rising oil prices tend to be a boon to oil producing countries but adversely affect consuming countries. Despite being the most important and highly traded commodity, the price of oil is one of the mysteries …
Global prices are in the news again with prices having soared in the past year. Prices may fall in the next few months as oil producers like Saudi Arabia and Russia increase supply to maintain or reduce higher oil prices at least temporarily. The following chart shows the real price of oil since 1861 and …
Continue reading ‘The Real Price of Oil Since 1861: Chart’ »
Oil prices have soared in the past year with prices currently hovering around the $80 mark for Brent crude. Rising oil prices have triggered a mini bull market in energy stocks that have barely moved higher in the past few years. Global investors are turning attention to this sector after many years and are trying …
Continue reading ‘Oil and Gas Sector Stocks Are Cheap Based on Valuation: Schroders’ »
