The impact
of speculation in the oil business
Speculation
is an important driver of oil prices. Those not participating in the oil
business can speculate by buying oil futures and options and all kinds of
exotic financial products linked to the oil price. In 2013 traders held an
average of 1.6 million WTI oil futures contracts equivalent to 1.6 billion
paper barrels of oil. A major part of the oil market consists of oil traded in
the US markets, called WTI and oil produced in the North Sea and traded in
Europe, called Brent. The US WTI market has become the little brother of the
Brent market that is even more sensitive to oil speculation and
manipulation...Read more upon subscription
IMF
suspends financial aid to Greece
The
International Monetary Fund has said it is suspending financial aid to Greece
under its huge rescue program until a new government is formed...
RTE
Pétrole: l'Arabie saoudite déclare la guerre ouverte aux
Américains
Le
tout-puissant ministre saoudien de l'Énergie s'est dit prêt à laisser chuter le
baril jusqu'à 20 dollars. Il exprime pour la première fois sa crainte de
voir les États-Unis et le Canada lui prendre des parts de marché...
Exclusive:
U.S. agency gives quiet nod to light oil exports - sources
The main
U.S. export authority is telling some oil companies that they should consider
exporting a lightly processed form of crude oil called condensate without
formal permission, according to people familiar with the discussions...
IEA cuts
2015 demand growth forecasts, warns on social unrest
Weak demand
and oversupply in oil markets raise the risk of global social instability and
the potential for financial defaults, the International Energy Agency (IEA)
warned on Friday, as it cut its forecasts for global oil demand growth in
2015...
G20 leaders
clueless about how to avoid the next economic crisis
In 2007,
the global economy appeared extraordinarily healthy. World trade had
experienced unusually dynamic growth of 9 per cent a year between 2004 and
2007. The presumption was that the US scare would have a temporary effect...
Foreign
automakers taken to task in China over dealers' bloated inventories
Foreign
automakers in China may struggle to dictate sales goals in the future after
dealers complained to the government that inflexible targets set during a
market boom obliged them to buy too much stock and bear the brunt of a drop in
demand...
Reuters
Il petrolio, le valute, le finanze, le corporazioni, il
Medio Oriente: Una grande tempesta si sta abbattendo sul porto occidentale!
Da quasi due anni, combinando più punti di vista
(speculativo, geopolitico, tecnologico, economico, strategico, monetario….),
abbiamo anticipato incessantemente una crisi maggiore in tutta l’industria
petrolifera. Oggi, nessuno dubita del fatto che ci troviamo in una crisi e,
come conseguenza, il team di GEAB si sente in dovere di anticipare le
conseguenze di questa bomba atomica che inizia a gettare in aria tutti i piloni
del vecchio sistema: le valute, come le conoscevamo, i mercati finanziari come
li conoscevamo, l’America che conoscevamo, l’alleanza occidentale, la
governance mondiale e la democrazia,...
UK
elections: All bets off
With a few
months to go until Britain’s next general election all bets are off. At least,
so said Ukip leader Nigel Farage after his party won its second by-election in
as many months in November..;
Chinese
internet users 'need to accept the reality of Gmail being suspended'
“If the
China side indeed blocked Gmail, the decision must have been prompted by newly
emerged security reasons,” said the nationalistic Global Times newspaper in an
editorial...
Germany
warns Greece to stick to reforms after elections
German
finance minister Wolfgang Schaeuble has warned Greece that it needs to stick to
reform promises no matter who comes to power after snap elections, set to be
held on 25 January...
Who governs
the online world?
But in
recent years online governance has become increasingly political. The debates
on net neutrality, data privacy, cyber security, and the future of the
Internet’s governing structure have risen up the political agenda...
Germany
split on how to handle Russian rouble crisis
Wolfgang
Schaeuble, the finance minister from the centre-right CDU party in the grand
coalition, showed little sympathy in an interview with the Rheinische Post
daily on Christmas eve (24 December).
Palestinians
push to submit UN draft resolution
Arab ambassadors on Monday endorsed Palestinian amendments
to a UN resolution that would call for an end to Israel's occupation within
three years, a proposal strongly opposed by Israel and the USA and virtually
certain to be defeated...
France24
Ukraine: Porochenko propose une nouvelle rencontre
internationale
Le président ukrainien Petro Porochenko a annoncé lors d’une
conférence de presse à Kiev ce lundi 29 décembre, qu’il retrouverait son
homologue russe Vladimir Poutine le 15 janvier prochain dans la capitale
kazakhe Astana, lors d’une rencontre à laquelle participeront Angela Merkel et
François Hollande...
RFI
Shipyard closures start with job losses
The first wave of more than 1400 job losses that will
cripple Australia’s naval shipbuilding industry will begin next month, with
two of the country’s three shipyards now likely to close within a year..;
The Australian
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This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000
recipients worldwide.
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