Shale Oil – INVESTCOST

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It has been a few months since I wrote my last post, in fact, this is my first post for 2017! Much to my surprise (and disappointment), global share markets have rallied for the last several months since the US Election, and it seems I have missed out on significant gains due to a somewhat early exit from the markets. Both the Dow Jones Industrial Average and S&P 500 have broken record highs after record highs over the last few months, and the All Ordinaries have broken two-year highs in the local market. Hindsight is always wonderful, but the share prices just seemed a bit too high (and risky) for me right now! Continue reading “Unusual relationship between oil price and inventories” →

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The focus of the week has been the meeting of the Organization of the Petroleum Exporting Countries (OPEC) members which took place in Vienna, Austria on Wednesday, 30 Nov 2016. For many months, Saudi Arabia, the largest oil producer in the OPEC group, has had ongoing negotiations with other OPEC members to convince them to agree to a production cut amid the oil supply glut and falling oil prices. On 22 Nov 2016, a week before the OPEC meeting, the market was confident that a deal to cut oil production would be imminent, Continue reading “Beginning of the end of the oil glut” →