Shell – TITAN Dev Site

OIL REVERSED AND SO DID THE MARKETS

January 31, 2023February 25, 2016 Market Commentary by Kent Engelke |

As most know equities are 90% correlated to oil. Oil advances so do equities and vice versa. Yesterday crude was down over 3%. Equities were down about 1.5%. Inventory data was released indicating gasoline inventories fell which is suggesting greater crude demand in the immediate future. Equities reversed about half of their losses. At the … Read more

Oil Prices Could Decline Another 50%.

January 31, 2023August 5, 2015 Market Commentary by Kent Engelke |

The Chairman of Shell stated with oil prices at current levels every oil firm will have to slash its budget, commenting further that most investments outside the Middle East does not make sense. He further stated oil prices declining another 20% might be too optimistic, opining prices could decline another 50%. Some of the gulf … Read more

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