The Era of Oil Demand Growth Is Over According To BP
BP Plc said that the era of Oil demand growth is now over , in a report released on Monday. The most bullish scenario they had in terms of forward looking Oil output has been visualised below (Chart from Bloomberg, data from BP). Having a looking between 2017-2025, demand forecasts…
Are Oil Companies A Force For Good or Ill?
Recognising the uses of Oil The reality is that oil is used for many day-to-day products outside of the typical gasoline/fuel resource, playing a key role in cosmetics, plastics, candle wax and rubber products. Oil companies therefore play a pivotal role in the upstream, midstream and downstream processes that enable…
Oil Prices Plunged as Demand and Supply Fundamentals Turned Bearish
Oil prices reported heavy losses for the second week of June after posting massive gains in the past seven consecutive quarters, as investor's concerns increased over the prospects for the second wave of coronavirus following the sharp growth in virus infections across the United States.
The Greenback Is Losing Ground Against the Loonie
USD/CAD is struggling to break the monthly resistance 1.41 levelOil made a considerable rebound after it dropped below zeroMany events waiting for the Canadian Dollar next week Technical Analysis: Monthly Time Frame: With the beginning of the year, the greenback was showing power against the Canadian Dollar, by appreciating more than 13%. However, the…