The Price of Oil WILL STAY LOW!
0
20
40
60
80
100
120
140
Jan
02,
2014
Jan
16,
2014
Jan
30,
2014
Feb
13,
2014
Feb
27,
2014...
Why was the price high?
• Sanctions on Iran and Russia
• Domestic conflict in Libya, Nigeria and Iraq
• Heavy consumption ...
The Price Plunge
• Slowdown in world economy
• High production in North America
• The Saudis REFUSED TO CUT!
• Iran
• Russia
• Iraq
• Libya
• Nigeria
• Norway
• Europe
• China
• USA
Saudi Arabia’s 700 Billion Dollar Bet: USA Will
Cut Production First!
References
• Bentley, Elliot, Pat Minczeski, and Jovi Juan. “Which Oil Producers Are Breaking Even?” WSJ. Accessed March 2...
of 6

Price of Oil BRIEFING

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Price of Oil BRIEFING

  • 1. The Price of Oil WILL STAY LOW! 0 20 40 60 80 100 120 140 Jan 02, 2014 Jan 16, 2014 Jan 30, 2014 Feb 13, 2014 Feb 27, 2014 Mar 13, 2014 Mar 27, 2014 Apr 10, 2014 Apr 24, 2014 May 08, 2014 May 22, 2014 Jun 05, 2014 Jun 19, 2014 Jul 03, 2014 Jul 17, 2014 Jul 31, 2014 Aug 14, 2014 Aug 28, 2014 Sep 11, 2014 Sep 25, 2014 Oct 09, 2014 Oct 23, 2014 Nov 06, 2014 Nov 20, 2014 Dec 04, 2014 Dec 18, 2014 Jan 01, 2015 Jan 15, 2015 Jan 29, 2015 Feb 12, 2015 Feb 26, 2015 Mar 12, 2015 WTI and BRENT Prices, Jan'14 - Mar'15 BRENT WTI
  • 2. Why was the price high? • Sanctions on Iran and Russia • Domestic conflict in Libya, Nigeria and Iraq • Heavy consumption by China, India etc.
  • 3. The Price Plunge • Slowdown in world economy • High production in North America • The Saudis REFUSED TO CUT!
  • 4. • Iran • Russia • Iraq • Libya • Nigeria • Norway • Europe • China • USA
  • 5. Saudi Arabia’s 700 Billion Dollar Bet: USA Will Cut Production First!
  • 6. References • Bentley, Elliot, Pat Minczeski, and Jovi Juan. “Which Oil Producers Are Breaking Even?” WSJ. Accessed March 24, 2015. http://graphics.wsj.com/oil- producers-break-even-prices. • Cable, Jonathan. “Euro Zone Economy Leading the Way as China Struggles.” Reuters. March 24, 2015. http://www.reuters.com/article/2015/03/24/us- global-economy-idUSKBN0MK11V20150324. • Center for History and New Media. “Zotero Quick Start Guide,” n.d. http://zotero.org/support/quick_start_guide. • Gardner, Timothy. “U.S. Faces Meager Options for Further Russia Energy Sanctions.” Reuters. March 23, 2015. http://www.reuters.com/article/2015/03/23/us-usa-russia-sanctions-analysis-idUSKBN0MJ0BS20150323. • Hinshaw, Drew. “In Nigeria, Oil Price’s Slide Deters Theft.” Wall Street Journal, March 24, 2015, sec. World. http://www.wsj.com/articles/in-nigeria-oil- prices-slide-deters-theft-1427240404. • Hopkins, Kyle. “As Oil Prices Fall, so Do Alaska Budget Hopes.” Los Angeles Times. Accessed March 25, 2015. http://www.latimes.com/nation/la-na- alaska-oil-20141216-story.html. • “India to Lead Asia’s Economic Growth: Asian Development Bank.” The Financial Express. Accessed March 24, 2015. http://www.financialexpress.com/article/economy/india-to-lead-asias-economic-growth-asian-development-bank/56928/. • Mostaghim, Ramin. “Top Iranians Signal Support for a Nuclear Deal.” Los Angeles Times. Accessed March 25, 2015. http://www.latimes.com/world/middleeast/la-fg-iran-nuclear-deal-20150324-story.html. • Rudnitsky, Jake. “Here’s the Next Biggest Threat to Global Crude Oil Prices.” Bloomberg.com. Accessed March 24, 2015. http://www.bloomberg.com/news/articles/2015-03-20/russian-teapots-pose-next-big-threat-to-global-crude-oil-prices. • “Russian Energy Minister Sees Rise in Crude Oil Exports in 2015 | News.” The Moscow Times. Accessed March 24, 2015. http://www.themoscowtimes.com/article/517285.html. • “Russian Energy Minister Sees Rise in Crude Oil Exports in 2015 | News.” The Moscow Times. Accessed March 24, 2015. http://www.themoscowtimes.com/article/517285.html. • “Saving Disgrace.” The Economist, March 14, 2015. http://www.economist.com/news/finance-and-economics/21646268-variation-deposit-rates- europe-both-puzzling-and-worrying-saving?zid=307&ah=5e80419d1bc9821ebe173f4f0f060a07. • White, Gregory L., and Vanessa Mock. “Russia’s Gazprom Cuts Gas to Ukraine, Sparking EU Shortage Fears.” Wall Street Journal, June 16, 2014, sec. World. http://www.wsj.com/articles/gazprom-demands-ukraine-prepays-for-gas-1402900814. • Yep, Eric. “Russia to Pump Up Oil Exports to Asia.” Wall Street Journal, December 4, 2014, sec. Markets. http://www.wsj.com/articles/russia-to-pump- up-oil-exports-to-asia-1417676709. •

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