Thursday 14 December 2017
 
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BofA Merrill Lynch

Robust global demand/tight supply for oil in 2018: Report

Next year likely will see global oil demand expand again by 1.5 million barrels per day and US supply rise by 870,000 barrels per day – although Opec likely will at best maintain the cuts implemented in 2017, resulting in a balanced market

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Macro outlook bullish for 2018: BofA Merrill Lynch

BofA Merrill Lynch Global Research has issued a bullish macro outlook for 2018, calling for robust global economic growth, steady US expansion and solid stock returns that peak in the first half of the year. However, it warns of s

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Crude spreads tightened over Opec deal

The Opec/non-Opec deal has had a meaningful impact on crude grade differentials across the world, a report said, highlighting that light versus medium or heavy grades have continued to tighten substantially in the past six months.

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Oil demand growth underwhelming this year

While oil demand expanded at an average 1.8 million b/d in the past couple of years, the demand growth this year is underwhelming, in part explaining why crude oil prices and refining margins have sold off sharply recently, a report said.

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Oil demand growth underwhelming this year

While oil demand expanded at an average 1.8 million b/d in the past couple of years, the demand growth this year is underwhelming, in part explaining why crude oil prices and refining margins have sold off sharply recently, a report said.

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GCC dollar pegs ‘to hold at current oil prices’

An Opec market share competition could push oil prices lower, increasing pressure on GCC pegs, but the core GCC USD pegs, including that of Saudi Arabia, are likely to hold at current oil prices, a report said. The continuing larg

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Oil price seen at $55 next year

With oil stock balances next year looking softer and costs coming down, the commodity will trade at $55 and $61 per barrel during 2016 and 2017, respectively, said the Bank of America (BofA) Merrill Lynch in a report. “Looki

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Saudi Arabia 'considers 10pc spending cut'

According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisors, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating

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Peak oil demand on ice

At more than $100 a barrel, peak global oil demand was scheduled for 2025, but it is now on ice if oil stays at $50 to $70 for over five years, a report said, warning that continued high prices may have led to zero global demand growth.

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Global economy: inflation, disinflation, deflation

While 2014 has been another year of soft growth and low inflation, the big story for 2015 is inflation or, more precisely, the lack thereof, a report said. The low inflation-high liquidity story is far from over, added the recent

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