Oil

Commodities

Oil hedge funds remain cool on further price surges

Oil hedge funds remain cool on further price surges

– Uncertainty still looms for commodities-focused strategies as Middle East tensions resurface – 

The deadly missile strike against Iranian general Qassem Suleimani at Baghdad Airport on 3 January elevated oil prices amid immediate concerns over renewed conflict in the region. Brent Crude surged to more than USD70 a barrel following the attack, and prices stayed above USD68 early last week, before falling back to just under USD65 on Monday.

In Focus

Oil prices, production back to normal after Saudi Arabia attacks, but security concerns remain

Oil prices, production back to normal after Saudi Arabia attacks, but security concerns remain

By Beatrice Bedeschi – A month after the drone attacks on the Abqaiq and Khurais oil facilities, Saudi Arabia has surprised observers by being able to bring oil production capacity to nearly pre-attack levels, which has quickly stabilised oil prices after the spikes seen in the immediate aftermath of the incidents.

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China opens up oil and gas upstream sector to foreign investment

China opens up oil and gas upstream sector to foreign investment

By Beatrice Bedeschi – A recent decision by the Chinese government to open up the oil and gas upstream sector to direct foreign investments is likely to rekindle interest by international energy companies. However, impact in the short term might be limited as the market awaits further policy changes providing more clarity on how the new rules will work in practice, according to  Industry experts and analysts.

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US emerges as top oil producer as peak demand looms

US emerges as top oil producer as peak demand looms

By Beatrice Bedeschi – Thanks to the shale oil revolution, the US is set to become one of the leading oil producing countries in the coming years. But with a global 0.5 per cent sulphur cap for marine fuels imposed by the International Maritime Organisation (IMO) coming into force on 1 January 2020, and global oil demand likely to reach its peak in the next decade, it won’t all be plain sailing for the US oil industry. Here, Hedgeweek discusses the prospects and challenges ahead with Doug King (pictured), CIO of RCMA Asset Management…

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Oil price dynamics

Oil price dynamics

Since the turn of the century, the price of oil has whipsawed significantly, falling 75 per cent between November 2014 and March 2016 alone. Over the last 20 years, the market has moved from Peak Oil to Peak Production of oil, to one of Peak Demand for oil.