Oil & Gas

The Oil Crisis of Iran by Bhawesh Vasnani

From November 4th onwards, Donald Trump expects all nations to cut their oil imports from Iran. The announcement has generated uncertainty in the markets, which is reflected through the recent slump in the WTI-Crude index. Oil exports are crucial to Iran; they are the largest supplier of oil to many developing nations such as India and China, and crude oil and natural…

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What has become of North Sea oil?

Alexander Le Grys In the past two months, there has been a certain buoyancy in the oil market. Brent crude oil prices reached below the $70 mark for much of January. As a result, 2018 looked to be a promising year for many oil-producing countries, particularly those that are not members of the Organisation of…

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2018: Oil Market Optimism

Shawn Lim Last year saw the surprise increase in oil prices where the West Texas Intermediate (WTI) crude futures broke the $60 barrier in December 2017 and continued to increase ending at $66.15 a barrel on January 25th 2018. Similarly, the benchmark of Brent Crude finally hit the magical $70 mark on January 15th 2018…

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Competition for control of the oil market

Rajinder Dhesi OPEC’s policy of lowering output to use up excess oil inventories has resulted in a small revival of crude future prices. Brent crude is trading at approximately $64 a barrel, up from $45 a barrel in the summer. Talks were held this week between OPEC and Russia to continue production cuts of 1.8m…

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Fracking & the UK: A question of security?

Nicholas Ogilvie It was the last Parliament day before Christmas, but there was plenty stirring. Fracking was back on the agenda. New legislation was passed permitting the fracking of National Parks and other sites of special interest. This is provided that drilling takes place at more than 1,200m below the surface, with the wellhead outside…

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Shale’s future: Existing but bleak

Nicholas Ogilvie As OPEC announces that it is to forgo an output reduction, the oil market looked out towards a bleak future with persistant low oil prices on the menu. On Friday 4th December, OPEC announced that it would not be changing its stance on output and, put simply by OPEC President Emmanuel Ibe Kachikwu,…

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Uh-OPEC: Iran’s return, “Is now a bad time?”

Nicholas Ogilvie OPEC stated this week that surplus inventories of crude oil are at their highest in ten years. The IEA announced that a record of 3 billion barrels filled inventories across the globe. Yet despite the record glut, 2015 has still had a very strong oil demand growth, which is expected to stay high…

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Oil prices: possible implications for consumer spending

Peter Elkin The question often raised in recent months is how will the combination of massively reduced oil prices and stagnant inflation effect consumer spending patterns? Chancellor George Osborne took to twitter in early January stating; the ‘Oil price was $53 pbl last night – lowest in 5yrs, vital this is passed on to families…

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BASF: An Update

Zach Chadwick BASF is a German chemicals company; the largest in the world based on sales volume. As a company, few analysts would disagree that BASF has performed impressively over the last 5 years. Since 2006 it has seen a surge in its capex, accompanied by a rise in share price. And its recovery post…

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