oil market

Business Outlook: ‘Make or Break’ for OPEC

 By Ole Hansen Hedge funds and oil traders in general have had a difficult quarter, particularly given the Opec/non-Opec production cut deal’s failure to boost prices. The outlook for gold, however, is more bullish given geopolitical uncertainties and policy risks. “We maintain a bullish outlook for gold in the belief that the risk to the

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The Oil Guru

In an interview with Newsweek Middle East, international oil expert and World Bank Consultant Dr. Mamdouh Salameh expected crude prices to reach $60 per barrel by this year’s end or as early as next year, before rising to $70/barrel in 2017. According to Salameh, Saudi Arabia’s past policy of flooding the oil market with supply

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Japan, Israel Upgrade Relations as Arab Oil Influence Wanes

By Tova Cohen TEL AVIV, Sept 5 – Japanese executives say they are increasingly drawn to investments in Israel as the price of oil falls and, with it, the influence Arab oil suppliers have on Japan’s decision-making. Over the past two years, Japan and Israel have strengthened business ties, signing a series of economic agreements

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The Economic Foundations for Privatizing Aramco

By Omar Al Ubaydli WEB EXCLUSIVE — Saudi Deputy Crown Prince Amir Muhammad bin Salman Al Saud recently proposed the privatization of the national oil company, Aramco. Many analysts’ initial reaction was that Saudi Arabia must be in dire straits if it is even considering—let alone actually implementing—such a policy. However, Prince Muhammad did actually

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