Oil Price

via Oil Price : Optimism, at first tentative and in the last week more pronounced, has been taking over oil markets. Short positions on WTI were at a three-month low as of Monday, according to Bloomberg, while long positions continued to rise. The last couple of weeks have seen some strong …

Via CNBC : After a brief drop in Saudi oil exports in April and May, June crude loadings appear to be back on the rise, according to tanker tracking firm ClipperData. That could spell trouble for the oil market, which is eager to see OPEC production cuts translate into fewer barrels …

Via Oil Price : In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over international oil prices diminishing thanks to shale, which sports much faster returns: 6-9 months from final investment decision to peak production versus …

Via The Guardian : Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly. So it is with both humility and trepidation that I will try to …

Via CNN : It’s been described as the Germany of the Middle East, with nearly 80 million people, an educated workforce, and a proud tradition of manufacturing. Throw in the world’s largest oil and gas reserves, and it’s easy to see why investors and international companies are getting very excited about …

Via CNN : There’s a firesale on raw materials like copper, aluminum, gold and oil, raising concerns about the health of the global economy. The CRB raw industrials spot price index is now at its lowest level since November 2009. The Bloomberg Commodities Index touched levels unseen since June 2002. Just …

Via Business Insider : Pride of place in this week’s Houston Auto Show goes to “Texas Edition” trucks: hulking vehicles, selling for $50,000 and upwards, specially designed for the Lone Star state’s expansive tastes. Allout Offroad customises them further, lifting the chassis to fit outsize wheels and tyres. They are selling …