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So far Andjela Vujovic has created 123 blog entries.

Statoil: Technology question cuts off Arctic drilling campaign

Statoil is Norwegian state oil company. It stopped drilling in the Barents Sea in the Arctic region. Right after the court gave away the temporary warrant in a technology dispute with a small Norwegian firm. What did exactly happen? Norwegian company Neo Drill said the technology which Stat Oil was using is based on its [...]

By | 2017-05-29T15:44:16+00:00 May 29th, 2017|Uncategorized|0 Comments

Western Australia state asks Iron ore Miners to pay cash in advance

  Important to know on May 29th: Global stocks drift in thin trade; U.S., U.K., China closed Dollar steady in quiet trade; British pound jumps Oil dips as traders weigh U.S. drilling, OPEC cuts Mario Draghi takes center stage North Korea fires another ballistic missile   Iron Ore Market Western Australian state officials are going [...]

By | 2017-05-29T11:27:46+00:00 May 29th, 2017|Financial, Governments|0 Comments

Gazprom’s concessions – possibly improved after today’s meeting

Asian markets trade today Major markets are closed today, due to holiday. Asian markets were moving flat, after the North Korea's latest ballistic missile. North Korea tested the ninth missile this year. It has fired the missile near the country's cost. It landed in the Sea of Japan. Before landing, the missile was in the [...]

By | 2017-05-29T07:14:25+00:00 May 29th, 2017|Financial, International|0 Comments

The Week Ahead: Crude Oil futures

Short recollection: This Friday, oil futures leveled higher. Recovering from the previous 5% drop which was the consequence of higher market expectations related to OPEC. Currently, traders are trying to refresh their attitude about Oil market and OPEC's further steps. The U.S. West Texas Intermediate crude July contract came on 90 cents. In percentage, that would be [...]

By | 2017-05-28T16:05:38+00:00 May 28th, 2017|Oil Market|0 Comments

Will OPEC make it to co-exist with U.S. shale oil ?

At the beginning , they ignored each other. After a while, they went into a bruising fight. Now, finally, they are talking, although with opposing agendas. The evolution of the relationship between OPEC and the United States oil industry now lasts for about 5 years. 5 years ago, OPEC discovered it has a rival emerging [...]

By | 2017-05-28T11:04:21+00:00 May 28th, 2017|Financial, Governments, International, Oil Market|28 Comments

Short Overview of main Weekly deals & economic events

United States Nasdaq and S&P 500 overcame the last week's losses. They were at the record levels on Friday's closing, observing the period of two weeks. Strongly supported by the surge in tech stocks, as well as the political unrest which is taking place in U.S. these days.   OPEC & Oil OPEC and non-OPEC countries [...]

By | 2017-05-28T06:41:49+00:00 May 28th, 2017|Financial, Governments, International, Oil Market|0 Comments

Base Metals forecasts, China’s demand; Weekly overview

U.S. GDP Statistics & Data By the official info which came out today, the U.S. economy grew faster than initially reported. Observing the period of the first three months of 2017, statistics data show that U.S. economy actually reached the levels among expected. It eased concerns about a potential slowdown in the U.S. trading & economic [...]

By | 2017-05-26T18:40:01+00:00 May 26th, 2017|International|0 Comments

China’s Crude Oil Imports (Current & Forecasts)

Top 5 things in Today's Market: Upward revision in U.S. growth expected, eyes on durable goods Pound under pressure on election jitters Oil recovers slightly after brutal OPEC induced sell off Japanese CPI increases for 4th straight month; China eyes yuan fixing Global stocks mixed ahead of U.S. holiday weekend For further info on these [...]

By | 2017-05-26T12:00:40+00:00 May 26th, 2017|Oil Market|0 Comments

Oil price drops; Base Metals down

Main economic events in Market Today: U.S. Core Durable Goods Orders (MoM)(Apr) fell to actual -0.2% while forecast was 0.4% U.S. Gross Domestic Product (GDP) QoQ fell to actual 0.7% while forecast was 1.2% U.S. GDP Price Index QoQ rose to actual 2.2% while forecast was 2.0% U.S. Michigan Consumer Expectations came to actual 88.1 [...]

By | 2017-05-26T07:18:45+00:00 May 26th, 2017|International, Oil Market|0 Comments

Output Cuts prolonged; Oil price falls

OPEC made a decision today. It agreed to extend oil output cuts untill March 2018. OPEC's cuts have led the oil prices back over $50 a barrel. Giving a fiscal stimulus to producers. To those countries who rely on energy revenues. And who have had to burn through foreign-currency reserves to cap holes in their [...]

By | 2017-05-25T16:31:55+00:00 May 25th, 2017|Oil Market|0 Comments