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AZLIN AHMAD
Here's why crude oil prices fell below $0 a barrelIn overnight trade, May futures for US crude oil WTI fell to minus $37.63 a barrel level.- Crude oil prices to remain vulnerable till world economies reopen: Azlin AhmadOpec cuts small to match the demand declines, says Editor-crude oil, Argus Media.
- Falling oil price good news for India, but lockdown may hurt refiners’ margin: Azlin AhmadWe will see a month of very volatile crude prices, says Editor for crude oil, Argus Media.
- Sensex sinks 2,000 points, Nifty below 10,500; RIL plunges 12%Stocks of oil marketing companies HPCL, BPCL and IOC gained up to 8 per cent.
- Can’t predict if demand for oil products will fall faster than crude prices: Azlin AhmadCrude prices could go below $30. It is hard to stay where the threshold is, says the editor of Argus Media.
- We are not going to see Brent at $50 in the short term: Azlin Ahmad, Argus MediaOil prices fell a lot just because of the escalating tensions with US and China, says Ahmad.
- Oil price will move closer towards $70: Azlin Ahmad, Argus MediaI expect Brent at closer to high 60s or around $70 in the next at least six months or so, says Ahmad
- Market still holding out for a cut of about a million barrels per day: Azlin Ahmad, Argus MediaWith no cut or a very small cut, prices to remain where they are with chances of downside, says Ahmad.
- Iran sanctions waiver by US behind fall in crude prices: Azlin Ahmad, Argus MediaWe feel there is enough supply and enough capacity to meet drop in Iranian export, says Ahmad
- Decision to raise crude output unlikely on June 22: Azlin Ahmad, Argus MediaProduction cut by Iran will benefit Saudi and Russia. it will be difficult for Iran to get support from OPEC.
- Slim chance of oil touching $100 in short term: Azlin Ahmad, Argus Media“Before the end of this year, US shale oil production to exceed 11 million barrels a day”
- Saudi Arabia unlikely to agree to output freeze at OPEC meeting: Azlin Ahmed, Argus Media"Saudi Arabia is very unlikely to agree to any output freeze at this meeting or in the foreseeable future and definitely output cut seem to...
- Rise in oil price a temporary blip: Azlin Ahmand, Argus Media"The market is still well supplied and although demand will increase this year, it is not enough to absorb all the supply"
- Brent prices will probably hover around $30 a barrel for the next month: Azlin Ahmad, Argus MediaIn a chat with ET Now, Azlin Ahmad, Editor-crude oil, Argus Media, says fundamentally the market remains fairly weak and there are not any ...
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