Category: Oil

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Dancing the Contango: Why did the Oil Price fall?

So. This: I realise that the graph is a few days old – but you get the basic idea. Since June last year, the oil price has been swan-diving. And if you were to google “Why has the oil price been falling?”, you’ll get these sorts of answers: There’s a supply glut. Demand for oil has been […]

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Daily News Roundup 2012: Wednesday 4 April

Good morning The headlines: US Stocks fall as Fed Minutes Damp Stimulus Expectation. The S&P 500 fell yesterday on signs of less stimulus, after rising to its highest level since 2008 on Monday based on news that US manufacturing was showing signs of better-than-expected growth. Because <insert sarcastic tone here> manufacturing, in and of itself, […]

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Daily News Roundup 2012: Tuesday 3 April

Good morning The headlines: Petronas is planning a Canadian acquisition worth $5 billion. For my South African readers, the interest in Petronas is mainly because they own Engen, which has ingeniously partnered with Woolworths to make my Woolies experience a 24 hour experience. But the interesting part of this story is the reason behind it. […]

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Daily News Roundup 2012: Friday 30 March

Good morning The headlines: Oh MTN… Turkcell is accusing the Ayoba folk at MTN of having far too Ayoba a time in Iran. The dispute is over the Iranian mobile-phone licence (apparently – there is/was only one on offer). Turkcell got granted it first in February 2004, at which point MTN allegedly began ‘Project Snooker’,  as […]

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Daily News Roundup 2012: Wednesday 28 March

Good morning The headlines: To return to the ongoing Iran sanction saga, India is supposedly going to start paying for its Iranian oil in rupees. The Iranians would prefer to be paid in forex (who doesn’t?); and from what I can tell, current payments are taking place in Euros, with the majority of payments being […]

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Daily News Roundup 2012: Friday 23 March

Good morning It’s Friday. The headlines: After the Agribank Branch story yesterday, China’s Agribank announced that its quarterly profits unexpectedly fell for the first time in 2 years. Net income declined 14% – and those 20 analysts from the Bloomberg survey were expecting a 17% increase! Awkward (again). The reason for the increase is given […]

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Daily News Roundup 2012: Wednesday 21 March

Good morning The headlines: Oil has rebounded from its biggest decline in 3 months. Observation: the price oil movement never ceases to be dramatic in Bloomberg’s eyes. “Biggest increase in two weeks”. “Two day high”. “Biggest decline in three months”. Well obviously – the minute you throw in a frame of time reference, things just […]

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Daily News Roundup 2012: Tuesday 6 March

Good morning Today is Super Tuesday. Excited. This is all going to be very interesting, because a number of the states that are voting today have very strong evangelical tendencies. And I am endlessly entertained by their choice between the lesser of two evils: Mitt Romney the Mormon Latter Day Saint, or Rick Santorum the […]

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Daily News Roundup 2012: Monday 6 February

Greetings Observation: business news headlines have slim pickings on a Monday morning. I guess the Superbowl Weekend really is a holiday. As an aside, I think that the Giants won – but that’s mainly because Chaz né(e?) Chastity Bono kept tweeting “Go Giants” and “Yes Giants”. And, obviously, because, like, Madonna totally did the half-time […]

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