Oil Archives - Fairmont Equities

What influences oil prices?

April 23, 2020 by Lauren Hua

Oil prices have a significant impact on share markets. We have recently seen oil prices plummeting with US oil prices turning negative. This unbelievable situation has led to global share markets to fall as well. In this article we discuss what can influence the price of oil. 1.OPEC OPEC stands for Organization of Petroleum Exporting Countries. It is a cartel which consist of 12 oil-producing countries. They include Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, The United Arab …

What is OPEC and its Impact on the Economy

January 15, 2018 by Lauren Hua

What is OPEC? OPEC stands for Organization of Petroleum Exporting Countries. It is a cartel which consist of 12 oil-producing countries. They include Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, The United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon, Angola and Equatorial Guinea. OPEC is a permanent intergovernmental organisation which is headquartered in Vienna Austria. The organisation controls 78 percent of the world’s oil exports. As these OPEC nations produce such a significant portion of the world’s oil supply, …

Macro Micro: The Oil Conundrum

November 20, 2017 by Evan Lucas

It has brewing for little while now however it appears we are finally at the inflection point that has formed three times over the past two and half odd years. The supply-demand set up in oil. Below is the smoothed-out chart of WTI – the chart shows the tail end of the 2015 oil crash that saw WTI go from US$130 a barrel to US$44 over a 6-month period. If you want to see the micro carnage this caused have …