The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Oil falls to post-2010 low after IEA cuts demand forecasts EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Oil falls to post-2010 low after IEA cuts demand forecasts EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


    Oil falls to post-2010 low after IEA cuts demand forecasts

    stocks hunter
    stocks hunter
    Top contributor
    Top contributor


    Posts : 1280
    Join date : 2014-03-16

    Oil falls to post-2010 low after IEA cuts demand forecasts Empty Oil falls to post-2010 low after IEA cuts demand forecasts

    Post by stocks hunter Wed Oct 15, 2014 6:21 am

    ■IEA cuts global oil demand estimates for 2014 and 2015
    ■Demand for OPEC crude oil down by 200,000 bpd
    ■Saudi Arabia, Kuwait play down OPEC output cut possibility


    LONDON (Reuters): Brent crude fell to a fresh low below $88 a barrel on Tuesday, trading at the weakest level since 2010 after the West’s energy watchdog cut its estimates for oil demand this year and next.
    The global oil benchmark has dropped almost 25% from its 2014 high in June as supplies have risen and global demand has slowed, creating a glut in many markets.
    The International Energy Agency said on Tuesday world oil demand growth would be much weaker than previously expected and raised questions about OPEC’s willingness to rein in supplies, suggesting oil prices may drop further.

    “Recent price drops appear both supply and demand driven,” the IEA said in its monthly oil market report. “Further oil price drops would likely be needed for supply to take a hit – or for demand growth to get a lift.”
    Brent crude dropped $1.30 to $87.59, its weakest point since December 2010, before recovering slightly to around $87.81 by 1112 GMT.
    US crude dropped $1.01 a barrel to $84.73 after it pared sharp intraday losses on Monday to settle down eight cents.
    The IEA, which advises industrialised countries on energy policy, cut its estimates for global oil demand growth by 250,000 barrels per day (bpd) for this year and by 90,000 bpd for 2015. It said demand for OPEC oil would be 200,000 bpd lower for both years.
    The Organization of the Petroleum Exporting Countries, which supplies more than a third of the world’s oil, has shown little sign that it will cut output, despite a glut in many markets.
    Saudi Arabia and Kuwait have both played down the possibility that the cartel would reduce output when it next meets on 27 November.
    “IEA is pulling the plug in the oil market today,” Bjarne Schieldrop, an oil analyst at SEB Enskilda, told Reuters Global Oil Forum.
    Swiss oil market analyst Olivier Jakob said world oil inventories would rise by around 2 million bpd in a “major stock-build” in the first half of 2015 unless OPEC cut output.
    “And that is without accounting for any easing of sanctions against Iran and with a still very strong demand growth rebound for next year,” Jakob said.
    Some analysts expect oil markets to recover ahead of peak winter demand in the northern hemisphere, however.
    “We see the potential for a positive bounce into year-end, particularly given extremely bearish sentiment and positioning,” Morgan Stanley analysts said in a note.
    “Even if OPEC is not overly responsive before year-end, which we expect, fundamentals have turned, which should eventually lift crude prices.”
    Germany’s economy could shrink in the third quarter but any recession, as defined by two or more consecutive quarters of declining output, should not last long, the chief economist of the think tank ZEW said on Tuesday.
    Investors were looking ahead to weekly US data on oil and product inventories for price direction.
    US commercial crude stocks were forecast to have increased in the week ended 10 October, while refined products are likely to have fallen, according to a Reuters survey ahead of the inventory reports out of the world’s biggest oil consumer.
    Industry group the American Petroleum Institute (API) will issue its report on Wednesday, and the US Department of Energy’s Energy Information Administration (EIA) will follow with its weekly data on Thursday. The reports have been delayed a day due to Monday’s Columbus Day holiday.

    www.ft.lk

      Current date/time is Tue Dec 10, 2024 4:07 pm