"Globally, the sovereign bond market is $58 trillion in size. The investment grade sovereign bond market (meaning sovereign bonds for countries with credit ratings above BBB) is around $53 trillion. And if you’re talking about countries with credit ratings of A or higher, it’s only $43 trillion. This is the ultimate backstop for over $700 [...]
"One of the most significant countries in terms of future oil growth may not be able to achieve its long-term production goals, raising red flags about global oil supplies in the years ahead. For years, Iraq has been central to the IEA’s rosy scenarios for long-term sources of new oil supply. A few years ago, [...]
"DOHA, Qatar—The Organization of the Petroleum Exporting Countries has become more pessimistic about the future of oil prices this year amid plentiful supplies and softening demand from China, the group’s members said this week." Source: wsj.com
"Recent volatility in the price of oil has led some analysts to re-examine the history of price swings for the commodity. Wednesday's price, back to the recent lows branded "close to unsustainable" by HSBC strategists, came after an oil price spike on Monday that was bigger than any since the Gulf War broke out." Source: [...]
"Get ready for even lower oil prices. Futures for a barrel of West Texas Intermediate crude fell below $39 a barrel Monday -- a level not seen since 2009. Oil settled Monday just above $38, down more than 5%. It was just June of 2014 when oil was at $100 a barrel." Source: money.cnn.com
"Oil prices fell to a fresh six and a half year low in international markets Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut. US benchmark West Texas Intermediate (WTI) for delivery in September, which expires Thursday, dipped 26 cents to [...]
"With West Texas Intermediate (WTI) and Brent close to their January 2015 lows some readers are wondering how these lows compare with historic lows when the oil price is adjusted for inflation (deflated). BP just happen to provide an oil price series that is adjusted for inflation (Figure 1). The data are annual averages and [...]
"There are two reasons for this increase in proved reserves. The first is that despite >150 years of oil production in the U.S., new fields are still being discovered. In March 2015 the EIA released its update to the Top 100 U.S. Oil and Gas Fields as a supplement to the December report. This was [...]
"Shares in some of the world’s biggest energy groups tumbled on Friday as the collapse in oil prices battered the profits of ExxonMobil and Chevron, capping a week in which European rivals announced thousands of job losses and slashed spending by billions of dollars." Source: ft.com
"U.S. oil prices sank into a bear market Thursday as a global glut of crude shows little sign of abating. " Source: wsj.com