AS oil traded at around US$35 a barrel this week for the first time since the financial crisis, there is a bet that crude prices may decline below US$30 and possibly at or below US$25 in the first quarter as global supplies grow next year.
London-based hedge fund manager Pierre Andurand, who’s been betting on falling prices since September 2014, expects global supplies to expand by 1.6 million barrels a day and in Opec (Organisation of Petroleum Exporters) nations by 900,000 barrels a day in the first half of 2016.
Demand growth around the world will slow, and begin to decline around 2022, said The Sydney Morning Herald (SMH), quoting Andurand.
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London-based hedge fund manager Pierre Andurand, who’s been betting on falling prices since September 2014, expects global supplies to expand by 1.6 million barrels a day and in Opec (Organisation of Petroleum Exporters) nations by 900,000 barrels a day in the first half of 2016.
Demand growth around the world will slow, and begin to decline around 2022, said The Sydney Morning Herald (SMH), quoting Andurand.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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