Gmo Trading

Oil prices were mixed on Tuesday as the ongoing trade war between the U.S. and China weakened the markets, while South Korean data reinforced concerns about emerging markets and OPEC production growth. CLc1 in the U.S. fell by 21 cents (0.4%), to $54.89 per barrel, while Brent LCOc1 rose by 5 cents to $58.71 per barrel. This week, the United States set 15% tariffs on several Chinese goods, and China began to introduce new duties on the $75 billion target list, deepening the trade war, which has been going on for more than a year already. Donald Trump, the U.S. President, said that the two sides will still meet for talks later this month. It turned out on Tuesday that the economy of South Korea showed that during the second quarter the country's economy expanded less than was expected, as exports fell due to the trade dispute between the United States and China. Production of the Organization of the Petroleum Exporting Countries (OPEC) rose in August for the first month...

The joint project of oilmen ExxonMobil and the government of Iraq for $53 billion was called into question. It is reported by Reuters, citing sources in the government of Iraq. It was planned that under the agreement, ExxonMobil will receive the right to build infrastructure in Iraq and develop two oil fields in the south of the country. This would allow Iraq to increase production from 125 thousand to 500 thousand barrels per day. The project was calculated for 30 years, the Chinese PetroChina was to become a partner of the American oil producer. For Iraq, which is the second largest exporter of OPEC, increasing production represents a priority, as, in recent years, supplies have been limited in terms of sanctions and military operations. According to the Iraqi government, in 30 years the project is capable of bringing to the treasury $400 billion. Now the parties stopped the negotiations, and the whole project was on the verge of collapse. We had to sus...

Analysts have found a way to make money on the extravagance of oil companies. Shares of oil producers themselves are characterized by high volatility and therefore are not always suitable for long-term investments. You can avoid the risk of cheaper oil if you invest in a large contractor. Generous orders of oil producers for assistance in exploration, field development, pipe laying and other services go to so-called oilfield services companies. Over the past year, the turnover of this market amounted to $ 250 billion, calculated in Fortune Business Insights. According to their research, by 2026 this market will reach $ 330 billion. The annual growth rate will be 3.7% per year. Growing demand for oil and gas will contribute to the rise of the oilfield services segment. Because of this, more and more companies will appear on the market that will need help with pumping oil. The growing demand for oil services in the United States due to the presence of shale gas in the r...