Cement News tagged under: oil
BofAML forecasts 2H16 oil price recovery; downside risks prevail as OPEC meeting ends in acrimony14 December 2015, Published under Cement NewsBrent crude oil prices are expected see a recovery in the second half of next year, leading to average price of US$50/bbl in 2016, according to Bank of America Merrill Lynch (BofAML). However, the "deep sense of acrimony" that emerged from last Friday's OPEC meeting creates downside risks to BofAML's 2016 pricing assumptions, it cautions. BofAML highlighted that its expectations for next year "embed rational economic behaviour." The forecasts include relatively robust global oil demand grow... |
APSCO organises technical symposium for cement sector26 June 2013, Published under Cement NewsArabian Oil Supply Company (APSCO), manufacturer and marketer of Mobil oils in Saudi Arabia, recently held a seminar in the Egyptian city of Al-Ghardaqah on the importance of synthetic oil and its role in reducing crashes and increase the productive capacity of factories and equipment. The symposium was attended by many experts and engineer of Saudi cement industry, as well as experts from Exxon Mobil. A number of APSCO oil production experts addressed the attendees about the role of Mobil ... |
Emerging markets continue to play key role in global energy prices15 February 2013, Published under Cement NewsWith a sluggish US economy where the fiscal cliff remains a major concern in 1H13 and a recession-hit Eurozone burdened by unaffordable energy import costs, it is clear that most support for global oil demand hinges on the consumption of emerging markets. The economic benefits of globalisation, urbanization and industrialization have led to major advances in productivity, positively impacting on oil demand in these parts of the world. As the world oil demand improves gradually, non-OPEC s... |
BAML sees 4Q2012 crude prices strengthen01 October 2012, Published under Cement NewsA tightening market for oil sees upward pressure on prices while gas is expected to remain range-bound. The thermal coal glut is expected to need some time to improve, leaving prices at a low. Oil Although indications are for a weak recovery in the global economy, the emerging markets lead the way in improving momentum, creating demand for real assets such as oil. Meanwhile, spare productive capacity in the oil market remains low, making for a tight supply side. Outages in the Nort... |