US$60 is the key for the year end closing for Brent crude oil. Focus on that number and ignore everything else.
Oil Price in Australia
Looking around the world, there are many price indicators used to forecast the future economic environment. One of our favourites is the crude oil price.
‘The price provides a fitting picture of global trends and, as such, is widely cited’. Because of this, our editors frequently cover the latest news of the sector and provide in-depth analysis.
Australia is a reliable and competitive player in the crude sector. It has the largest gas reserves in the Asia-Pacific region, and is a world leader in Liquid Natural Gas innovation.
Attractive for Foreign Investment
Which makes the country attractive to foreign investment. The oil, gas and energy industries are major contributors to the Australian economy, and there remains strong growth potential for increasing gas production and exports.
National natural gas production is currently outlasting consumption, with new reserve discoveries and further unconducted exploration likely to continue the upward trend. Oil production, however, is declining, as mature oil fields are exhausted.
At today’s extraction pace, current oil resources will be depleted within the decade.
Crude oil is integral to multiple industries, particularly transport. But it’s also found in food, kitchen items, furniture, and clothes (for colour and anti-flammable properties).
History shows that a good fortune can be made in the oil and gas sector, when investing in the right companies, at the right time.
When’s the right time, you may ask? Well, our editors will give you that answer. Read our latest news and analysis below.
Traders are worried about an oversupply that could push crude prices sharply lower. That happened in 2014, mind you. How far will the oil price drop this time? Will it even turn around?
The Australian Commodities Sector been hurt today, with iron ore prices taking a tumble and the price of oil staying on a low. At Markets and Money, our outlook for oil is not as bearish…
Oil prices have been falling for seven consecutive weeks. On Friday, US oil slid 8%, while the global benchmark for oil prices (Brent crude) was down 6.6%, down to $60 per barrel.
Crude oil prices seem oversold and could rise sharply higher into next year. Remember, despite the negative supply talk, crude oil is really a demand story.
Saudi Arabia has a dangerous addiction to oil. Now, they are looking to decrease their addiction to oil and diversify their economy, through the Vision 2030 project.
Crude oil has done everything but go up. In fact, the oil price has dropped 20% from its high. Is it time to throw in the towel? Don’t be so quick.
From a peak of $2.26 early last month, Beach Energy has been trending downwards. The stock has been hurt badly by sliding oil prices. On a day that saw WTI oil slide a further 0.2%,…
One of the big stories around the globe today is oil, and where the price is going. And let me tell you, no one agrees.
We have heard that Crude oil’s demand’s been weak for years. Yet, world oil consumption should hit 100 million barrels per day (bpd) later this year. The ‘big bounce’ should start any day now.
Crude oil could bounce significantly higher soon. We call it the ‘big bounce’. That said, if you read the news on a daily basis, you probably wouldn’t know it. The mainstream media are mostly bearish…
The crude oil price has played out nicely. For the past two months, we have been writing about it and (we might say) accurately predicting the next move.
To understand the steep fall in the last 24 hours, a couple things need to be unpacked. If you are investing in oil stocks on the ASX a lot depends on how you think events…
What a difference a week makes. Brent crude oil was trading for less than $80 per barrel a few weeks ago. We warned a breakout was on the cards multiple times, mind you…
It’s running away. We’re talking about crude oil, mind you. You shouldn’t be surprised! 2014 was a watershed year for the commodity. Punters lost a fortune into 2016. That’s when things changed…