Singapore Stock Market News
OCBC Oil Outlook - Remember the unquantifiable
StockFanatic
Publish date: Fri, 27 Mar 2015, 01:45 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
 |
| Photo Credit : usa24.ws |
■ Crude oil prices rallied substantially on the relatively weaker dollar, but more importantly, the renewed geopolitical issues on Saudi Arabia and its allies' move in bombing Yemen. With the oil giant participating in the conflict, oil supply risk are likely magnified as a result.
■ Indeed, the risk of supply disruption is small. Yemen is a fairly insignificant oil supplier (about 100k bpd according to US EIA, or merely 0.1% of global oil supply). However, Yemen is located strategically along the Gulf of Aden, which Arab oil shippers use to export crude oil to Europe. The choke-point are less than 40km wide, but account for a significant 3.8 mbpd of oil transported through this narrow stream.
■ Geopolitical tensions, still an important but unquantifiable factor, are a primary reason for huge swings in oil prices. As we stand, the recent bombing have superseded abundant supply views, especially as US oil inventories continue to climb to record high of 467 million barrels. However, apart from geopolitical risk, our outlook for crude oil supply is for it to decline gradually as we approach 2H15, while oil demand is expected to stay healthy according to OPEC.
Read more » More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
SGX Market Dialogues
Kopi-C With GuocoLand’s Group CEO: ‘We Have Twin Engines for Growth’
2
RHB Investment Research Reports
3
Collin Seow Remisier Blog
4
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
5
THE SINGAPOREAN INVESTOR
Investing in Singapore's Hospitality Scene: A Look at the 5 Listed REITs
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
