Should history repeat itself, the current spike in the market would quickly wilt.
Oil left in the ground now is at risk of never being produced at all.
Oil markets are faced with a triple and not double whammy--Texas, Russia and OPEC.
Investors should look at the history of 2008 crash where the same situation was playing out.
This is not the first time that Saudi Arabia has cast smaller Opec producers to the wolves.
As the shale industry tries to pick up the pieces after the Saudi-Russia war for market share hammered crude, some of those same producers are reliving the same costly mistake.
He said in a positive case scenario, better news will arrive in the not-too-distant future.
The impact of the coronavirus on economies “will not be over quickly", he said.
Gehlaut bought 24 lakh shares from the open market at Rs 96.33 apiece.
We have no doubt equities stack up as the best asset class to invest at this point.
The financial year gone by saw a stellar show by the 10 most-valued stocks.
Jhawar is the chairman of Sebi-registered investment advisory firm Finideas Group.
For FY21, analysts are recommending equities, mutual funds and agri-commodities.
The fund beat its benchmark in 2019 largely because the U.S. market outperformed India.
Shares of these companies have plunged between 17 per cent and 72 per cent.
The oil market is now faced with two highly uncertain bearish shocks with the clear outcome of a sharp price sell-off.
OPEC+ is having a hard time responding to a black swan that threatens a repeat of the global financial crisis.
Gold rally is not yet finished, as many factors are still pointing towards a bullish trend.
Global demand of crude oil is affected by the virus and prices crashed in the last two months.
Reports suggest that Saudi Arabia is weighing to break its production alliance with Russia.
Oil demand growth is languishing, and the market will closely watch what Russia does next.
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place even after the extended Lunar New Year holiday comes to an end.
Stocks of mentha oil at MCX-accredited warehouse declined to 77,799.35 kg by February 11 against 88,601.70 kg a week earlier.
Saudi-led efforts to implement deeper oil cuts to tackle coronavirus' impact remained in limbo.
OPEC's bogged down in a 60-year-old mechanism for deciding output allocations.
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