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Oilcouldplungeto$20,andthismightbetheendofOpec:CitiLivemint
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10FEBRUARY2015
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FIRSTPUBLISHED:TUE,FEB102015.0805AMIST
Oilcouldplungeto$20,andthismightbethe
endofOpec:Citi
ArvindKejriwal,therise,
fallandriseoftheAam
Aadmi
TUE,FEB102015.1106AM
AsAAPsweepsDelhipolls,
partyofficesreflecttheir
mood
MON,FEB092015.0309PM
SamSmith,Beyonceand
PharrellWilliamsamongbig
winnersatGrammyawards
06:42PMIST
Kejriwalelectedleaderof
AAPlegislatureparty
2015
SAT,FEB072015.1133AM
06:38PMIST
PhotoEssay:Examtime
PNBraisesRs1,000crore
viaprivateplacement
06:33PMIST
MOREFROMTHISSECTION
PoorshowinDelhitocost
BSPitsnationalparty
status
LATESTNEWS
06:33PMIST
KejriwalelectedleaderofAAP
legislatureparty
Managingfamily
businesses
NatcoPharmafilesnew
drugapplicationswith
USFDA
WORLDCUP2015
TUE,FEB102015.1146AM
LatestNews
06:20PMIST
Therecentsurgeinoilpricesisjustaheadfake,andoilascheapas$20abarrel
maysoonbeontheway,saysCiti.Photo:Bloomberg
Therecentsurgeinoilpricesisjustaheadfake,andoilascheapas$20
PNBraisesRs1,000croreviaprivate
placement
PoorshowinDelhitocostBSPits
nationalpartystatus
abarrelmaysoonbeontheway,CitigroupsaidinareportonMondayas
ALSOREAD
Editor'spicks
EPAPER
SLIDESHOW
WTI,whichcurrentlytradesataround$52abarrel,couldfalltothe$20rangeforawhile,
accordingtothereport
TomRandall
SPECIALS
close
itlowereditsforecastforcrude.
AAPstriumphinDelhi:Willthe
Managingfamilybusinesses
sparkspread?
Despiteglobaldeclinesinspendingthathavedrivenupoilpricesinrecent
NatcoPharmafilesnewdrug
weeks,oilproductionintheUSisstillrising,wroteEdwardMorse,
applicationswithUSFDA
Citigroupsglobalheadofcommodityresearch.BrazilandRussiaare
pumpingoilatrecordlevels,andSaudiArabia,IraqandIranhavebeen
MOREFROMTHISSECTION
fightingtomaintaintheirmarketsharebycuttingpricestoAsia.Themarket
AAProutsBJP,Congress
inDelhielections
isoversupplied,andstoragetanksaretoppingout.
Apullbackinproductionisntlikelyuntilthethirdquarter,Morsesaid.Inthe
meantime,WestTexasIntermediate(WTI)crude,whichcurrentlytradesat
around$52abarrel,couldfalltothe$20rangeforawhile,accordingto
thereport.TheUSshaleoilrevolutionhasbrokenOpecsabilityto
manipulatepricesandmaximizeprofitsforoilproducingcountries.
Fivetakeawaysfrom
AAPslandslidevictoryin
Delhielections
ItlooksexceedinglyunlikelyforOpectoreturntoitsoldwayofdoing
business,Morsewrote.Whilemanyanalystshaveseeninpastmarket
crisestheendofOpec,thistimearoundmightwellbedifferent,Morse
said.
CitireduceditsannualforecastforBrentcrudeforthesecondtimein2015.
Pricesinthe$45$55rangeareunsustainableandwilltrigger
WhytheCongressshould
cheerAAPslandslide
disinvestmentfromoilandafourthquarterreboundto$75abarrel,
accordingtothereport.Pricesthisyearwilllikelyaverage$54abarrel.
Bloomberg
http://www.livemint.com/Industry/vklZuetIR21I6Wr7RR5WEO/Oilcouldplungeto20andthismightbetheendofOpec.html
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Oilcouldplungeto$20,andthismightbetheendofOpec:CitiLivemint
AAPstriumphinDelhi:
Willthesparkspread?
WhyKejriwalandModi
winsarenotcontradictory
ALSOREAD
AAPstriumphin
Delhi:Willthespark
spread?
Kejriwalelectedleader
ofAAPlegislature
party
PNBraisesRs1,000
croreviaprivate
placement
PoorshowinDelhito
costBSPitsnational
partystatus
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