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Saudi growth recovers on high oil prices: reportSaudi Arabia’s economic activity has bottomed out as high oil prices are allowing implementation of looser fiscal policy and containing near-term fiscal deterioration, said the Bank of America Merrill Lynch (BofAML) in a new report. More… |
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Brent likely to average $50 this year: reportA Bank of America (BofA) Merrill Lynch research study has cut the average Brent forecasts to $50 this year and $52 per barrel (/bbl) next year, from $54 and $56/bbl before. By increasing output in 4Q16 ahead of the cuts in 2017, O More… |
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Brent likely to average $50 this year: reportA Bank of America (BofA) Merrill Lynch research study has cut the average Brent forecasts to $50 this year and $52 per barrel (/bbl) next year, from $54 and $56/bbl before. By increasing output in 4Q16 ahead of the cuts in 2017, O More… |
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Oil demand growth below expectations in H1Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the More… |
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Oil demand growth below expectations in H1Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the More… |
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Opec faces three choices: stay, cut or hike outputThe Organisation of Petroleum Exporting Countries (Opec) faces three distinct choices: stay, cut, or hike output at the highly anticipated meeting in Vienna on May 25, said Bank of America Merrill Lynch (BofAML) in a new report. F More… |
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Brent to average $54 in 2017: reportWith global oil stocks still too high and US supply recovering faster than we anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018, says a Bank of America Merrill Lynch (BofAML) report. The sharp More… |
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Oman - seeking policy credibilityOman’s US dollar peg remains challenged by the large but narrowing twin deficits, said the Global Economic Weekly report published by Bank of America Merrill Lynch (BofAML). “Delivering on budget targets is critical. T More… |
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Gold seen as best protectionist investmentGold is viewed as the best protectionist investment, with a record net 15 per cent of investors considering it undervalued, according to the latest Bank of America (BofA) Merrill Lynch Fund Manager report. The BofAML Global FMS Ma More… |
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Protectionism may lead to stronger dollar, lower oil pricesThe Trump administration in the US is about change the geopolitical oil chessboard in many more ways. Protectionist policies may lead to stronger dollar and lower oil prices, says a Bank of America Merrill Lynch report. So far, oi More… |
