Oil and Gas

Looking around the world, there are lots of good economic indicators. One of our favourites is the crude oil price.

Crude is used in multiple industries, particularly transport. It’s also used in food. As a matter of interest, I’m not talking about vegetable oil either. It’s used in lollies, laxatives, mints and chips. Plus much more. Kitchen items, clothing and furniture also use crude oil. Interestingly, petroleum is used to make clothes colourful and non-flammable.

Oil Price in Australia

With its widespread use, crude provides a good picture of how the global economy is tracking. Our editors cover crude oil frequently. So, if you’re looking for the latest analysis & oil prices, you have come to the right place. History shows a fortune can be made in the oil and gas sector, when investing in the right companies. But you also need to invest at the right time. When’s the right time? Well, our editors will try and give you that answer.

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new oil futures contract trading in Yuan
Will This Deal Be a Blow to the Petrodollar?
The new oil futures contract is one of the many Chinese efforts to internationalise their currency. Yet the adoption pace has been slow. However, there could be a couple of catalysts that could cause the currency to grow quicker. If Saudi Arabia starts accepting Chinese currency in exchange for oil, it could increase the Renminbi’s growth, and deal a massive blow to the petrodollar.
US dollar
Make Way for the Petroyuan
China is also looking to promote the Yuan around the world to become more prominent in international trade. This is a very big deal. Especially as it is coming at a time when there are increasing tensions between the US and China on trade.
oil pumps across Saudi Arabia
Saudi Arabia’s Oil Purge
With one of the world’s largest petroleum fields and about US$1.2 billion in reserves, the country urgently needs to reduce its reliance on oil. It provides three-quarters of state revenue. The clock is ticking…
oil price rise
Why the Oil Price Surge Is Set to Continue
Watching the price of oil is like watching the price of bitcoin. Many are asking themselves when this rally will end. It’s extremely hard to predict future prices, especially those of commodities. But you’d have to agree that if the supply of oil continues to fall, then prices should continue to increase.
Freedom Oil and Gas shares rise
The ‘Good’ News for ASX Oil Stocks
Pay attention to what’s happening in the Middle East. If Saudi Arabia makes another unpredictable move — one which could happen at any time — it could be good news for ASX-listed crude and oil stocks.