Kazakhstan

Goldman Lists Two Conditions For The OPEC Production Cut Extension To Work

"We believe that today’s announcement is consistent with OPEC’s desire to achieve both price stability and backwardation, which will help to slow the recovery in shale oil production by curtailing the market's ability to grow future production through forward sales. For the strategy to work, however, we believe two things have to take place."

Market Mocks OPEC Crude Jawboning; Morgan Stanley Warns Of Risks To 2018 Oil Price

In the clearest indication yet that OPEC jawboning no longer has an effect on markets, and especially headline scanning algos, following numerous headlines from Saudi energy minister Khlaid Al-Falih overnight warning that the oil rebalancing is imminent, and in case it isn't, it will come in 2018 when OPEC and Non-OPEC producers may extend their production cuts, this morning oil is firmly hugging the flatline after a failed attempt to push higher earlier in the session.

Russia, Iran, Turkey Ban US Planes Above Syrian "Safe Zones"

Russia said it’s ready to send peacekeepers to Syria after Turkey and Iran agreed on Thursday to Russia's proposal for "de-escalation zones" in Syria. The move, welcomed by the United Nations, has been met with scepticism from the United States as the so-called safe-zones will closed for warplanes of the United States and those of the U.S.-led coalition.

Why The Crude Rally Has Fizzled - Part 2

So, why is everyone so bullish? Many oil analysts take as a fait accompli that OPEC-led production cuts thus far are key to balancing the crude market. If this is the case, though, why hasn’t it happened yet?

Shale Hotspot Draws In Another Big Oil Player

The lower-for-longer oil price reality is prompting both Exxon and Chevron to invest in quicker returns in shale-on-home-soil instead of pursuing huge costly projects that take years to create and years more to yield returns on investment.

Key Events In The Holiday-Shortened Week

In this holiday-shortened week (markets closed for Good Friday), focus turns to several inflation prints in G10 in the week ahead, with US and UK inflation data likely to get the most attention. In addition, there are a few scheduled speaking engagements by Fed officials, including a speech by Fed Chair Yellen on Monday.

5 Maps That Show China's Biggest Limitations

East Asia is the world’s most dynamic economic region. Strong countries surround bodies of water over which there is competition. These are some of the world’s most important sea lanes. Japan and China (in that order) are the region’s two most significant powers. But, the most powerful country in the Pacific, the US, is far away. Its Navy patrols and keeps freedom of movement across the Pacific. At the center of this power struggle is China. China’s struggle against its domestic and geographic constraints is the key to understanding the future of this region.