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CRUDE OIL MARKET
CRUDE OIL Market surveys project that US oil stocks could rise by 1.75 MMbbls for the week ending September 11, 2015. The record stockpile from the US to the Middle East will also add to the glut.
Bloomberg surveys estimate that crude oil stocks could rise by 1.75 MMbbls for the week ending September 11, 2015. Distillates stocks are also expected to rise by 0.25 MMbbls for the same period. In contrast, the gasoline stockpile is estimated to fall by 0.5 MMbbls for the week ending September 11, 2015. The consensus of rising crude oil stocks will add pressure to crude oil prices.
The massive fall in gasoline prices will also put pressure on crude oil prices.
OPEC released it Monthly Oil Market Report on September 14, 2015. The report highlighted that crude oil demand growth could slow down in 2016—led by China and Brazil’s economic slowdown. The demand for OPEC crude oil could average around at 30.31 million barrels per day in 2016. OPEC also projects that non-OPEC nations’ crude oil supplies could rise by 160,000 bpd in 2016.
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CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network
CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
www.capitalstars.com | T:+91-731-6790000,6669900
CapitalStars Financial Research Financial Advisory Services
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
www.capitalstars.com | T:+91-731-6790000,6669900
CapitalStars Financial Research Financial Advisory Services
CapitalStars Financial Research Financial Advisory Services
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