Hickey and Walters Bespoke submit: Below we highlight strategist price targets for oil in the fourth quarter of 2008. Goldman Sachs has been making news today with the reiteration of their $150 oil call, and as shown below, they're currently the most bullish strategist amongst participants in Bloomberg's...
Saj Karsan submits: We often hear oil bulls describe oil demand as inelastic. The argument is as follows: No matter what the oil price is, people still have to fill-up to be able to go to work, companies still need to transport their products, and industries still need energy to...
Using daily futures price data, the paper examines the behavior of natural gas and crude oil price volatility since 1990. It test whether there has been a significant trend in volatility, whether there was a short-term increase in volatility during the time of the Enron collapse, and whether natural gas...
Joseph Trevisani submits: Equity traders watch currencies, oil traders watch the dollar, and lately everyone watches the price of oil. The relationship between the price of crude oil and the value of the dollar has been unusually close in the past year, and especially so following the peak crude oil...
Steven Hansen submits: Goldman Sachs last week stuck with its oil price prediction of $147 per barrel by the end of 2008. I pray for oil at $200. $200 oil with its knock-on effects would drive the CPI up at least 20% initially from today’s levels, and would place...
The above discussion clearly demonstrates that future world oil demand will certainly grow no matter what price scenario is assumed. However, demand growth is expected to be higher when the oil price is low and lower when the oil price is higher. On thThe above discussion clearly...
With the oil price remaining stubbornly above the $30 a barrel mark, oil cartel OPEC decided in January to increase its total production quota by 1.5m barrels a day (b/d). The OPEC ceiling was therefore increased from 23m b/d to 24.5m b/d with effect from 1 February 2003, with further...
Kurt Wulff McDep Associates submits: Just as income stocks are resisting market decline relatively more, oil the commodity is also doing better than stocks in general when measured by current price to 200-day average. Both features are combined in buy-recommended Canadian Oil Sands Trust (COSWF.PK), which announced on July...
Oman, with an economy 85% dependent on oil income, has been relieved by the crude oil price defence efforts of OPEC since March 1999. It is hoping the OPEC price defence agreement will be extended for another year beyond the current pact's expiry da Oman,...
DOW CHEMICAL Company has increased its North American price for Flexol plasticizer epoxidized soybean oil by ... DOW CHEMICAL Company has increased its North American price for Flexol plasticizer epoxidized soybean oil by 4c. per pound effective immediately or as contracts allow. The increase...
Repeated talk about a possible U.S. invasion of Iraq is one reason why the price of oil has been increasing in recent weeks, according to several press reports. Another reason is new data that shows that oil stocks are below levels of a year ago. A s...
OPEC's crude oil basket should stay within a price range of $30-35/barrel, Iranian Oil Minister Bijan Namdar Zanghaneh said on Dec. 13, adding: "Our efforts are focused on keeping the oil price in OPEC within an acceptable range". His Saudi OPEC's crude oil basket should stay...
After OPEC slashed production by another 1 million bopd at its March meeting, oil prices began trading higher. At press time, the price of a barrel of Brent North Sea crude for May delivery had gained 23 cents, to $25.28. So far this year, OPEC has cut output by almost...
In the week ending 21 June, Iraq exported 7.7 million barrels of oil, more than twice the previous week's total of 3.1 million barrels. The average price of each barrel was $22.65, although Iraq denominates its oil price in euros, the United Nations In the...
S&P Equity Research, using data from Global Insight, has raised its 2005 West Texas Intermediate WTI oil price forecast by $0.17 to $56.66 per barrel, 2006's by $2.46 to $58.46 and 2007's by $0.61 to $49. Also increased was the 2005 Henry Hub bid week blend of spot and contract...
Petroleum industry observers comment that the world crude oil price influx is more likely to be influenced by the fear of oil supply interruptions that may come from political or economic pressures. In effect, industry analysts are stating that price jumpPetroleum industry observers comment that the world crude oil price...
While rising oil and gas prices have Oklahoma producers smiling, many economic analysts are concerned those prices could herald a downturn in the economy. After all, rising oil prices have preceded all but one of the last nine recessions.
S&P Equity Research said it has lowered its average 2005 West Texas Intermediate WTI oil price forecast by $0.72 to $56.49 per barrel, 2006's by $2.88 to $56, and 2007's by $0.61 to $48.39 trimming its average 2005 Henry Hub bid week blend of spot and contract price forecast by...
International Energy Agency has renewed warnings of potential oil price volatility because of worsening winter weather and diminishing inventories in such industrialized countries as the U.S. Crude oil prices ... International Energy Agency has renewed warnings of potential oil price volatility because of...
At USUSD24.6 per barrel, the average crude oil price assumed for this year's economic forecasts is USD4 below its 2000 level. For the forecasting horizon, global demand for oil is "expected to be restrained" by a weaker world economy and OP At USUSD24.6 per barrel, the...
Powerful, Dell is built to fit your business needs Customized systems, experts trained in small business, 24/7/365 support, and powerful, reliable technology. Dell, big results for small business.
Choose up to 5" more legroom with Economy Plus. Starting at $14.
Innovative USB Sleep'n Charge. Stylish Fusion™ finish. Ultra-portable. It's clear why the Satellite® U405 is a smart choice for you and your small business. Only from the laptop expert, Toshiba.
