Arab Petroleum Investments Corporation

Type: Company

Name: Arab Petroleum Investments Corporation

Fact Sheet: Fact Sheet for Arab Petroleum Investments Corpo...

First reported Apr 18 2013 - Updated Apr 18 2013 - 1 reports

Opec worries remain despite oil prices topping $100 a barrel

Even as crude prices recovered this week to again climb above US$100 a barrel, relieving oil producers after a sudden decline earlier this week, analysts say Opec still has reason to worry.At next month's meeting, ministers will weigh the current output ... [Published Abu Dhabi National - Apr 18 2013]

Entities: OPEC, Arab Petroleum Investments Corporation, Christopher Bellew, Contango

First reported Apr 18 2013 - Updated Apr 18 2013 - 2 reports

OPEC

Commodity Price Drop May Change Fed Exit Strategy | The Energy Report 4/18/13

Commodity Price Drop May Change Fed Exit StrategyThe collapse in commodities has not gone unnoticed. Words like depression and deflation are again being talked about and it is possible that the commodity collapse in gold copper and oil is sending an ominous ... [Published Inside Futures - Apr 18 2013]

Entities: OPEC, Bullard (United States), Federal Reserve Bank of St Louis

First reported Apr 18 2013 - Updated Apr 18 2013 - 1 reports

Federal Reserve Bank of St Louis

The Energy Report - Commodity Price Drop May Change Fed Exit Strategy

The collapse in commodities has not gone unnoticed. Words like depression and deflation are again being talked about and it is possible that the commodity collapse in gold copper and oil is sending an ominous warning about the direction of the global ... [Published International Business Times UK - Apr 18 2013]

Entities: OPEC, Federal Reserve Bank of St Louis, Exit Strategy

First reported Apr 18 2013 - Updated Apr 18 2013 - 2 reports

OPEC mindful of slumping oil prices

RIYADH, Saudi Arabia, April 18 (UPI) --Crude oil prices for the Brent trade classification this week dropped to less than $100 per barrel for the first time since July. The OPEC basket price, a representation of the cartel's export grades, is less than ... [Published UPI - Apr 18 2013]

Entities: OPEC, Oil Prices Lower, Ibrahim al-Muhanna, Arab Petroleum Investments Corporation

First reported Apr 18 2013 - Updated Apr 18 2013 - 1 reports

Opec likely to cut supply to balance budgets: Apicorp

Manama: Opec will probably cut output if Brent prices keep trading below $100 a barrel because that's less than what many member countries need to balance their budgets, an inter-governmental Arab energy lender said.Oil prices must average $99 this year ... [Published Times of Oman - Apr 18 2013]

Entities: OPEC, Contango, Brent Crude Oil, Arab Petroleum Investments Corporation

First reported Apr 12 2013 - Updated Apr 12 2013 - 1 reports

Gulf International Bank BSC

Gunvor ME opens credit line

Gunvor Group has secured a US$300mn revolving credit facility for its Middle Eastern operations.The facility will be used to finance the commodities traders working capital needs and to purchase oil and LNG products.The mandated lead arrangers and bookrunners ... [Published Global Trade Review - Apr 12 2013]

Entities: Gunvor Group, Gulf International Bank BSC, Arab Petroleum Investments Corporation

Quotes

"Today's market with this recent economic development, weak market sentiment, it's really putting prices under pressure" said Sultan Al Mehairi, the director of marketing and refining at Abu Dhabi National Oil Company

Opec worries remain despite oil prices topping $100 a barrel [Published Abu Dhabi National - Apr 18 2013]

...Bullard says that "People have been focusing on employment a lot but have maybe gotten a little bit blinded about the inflation numbers that have come in very low.”"

Falling commodities prices renew deflation fears [Published Futures Magazine - Apr 18 2013]

Brendan Conway of Barron's writes " For years, fund experts warned buy-and-hold investors against owning the United States Natural Fund ( UNG), whose returns are tied to the futures market -- not to spot gas prices. But for a few months now, this exchange-traded fund has been working for people other than the fast traders who are its primary clientele. The fund is ahead by about 21% on the year -- that's only a few percentage points behind spot gas' 25% rise. What changed? The futures market that drives this fund has, for the moment, gotten more benign for investors with a longer view. The change is that the phenomenon of "contango," meaning the upward-sloping curve of gas futures contracts that usually acts as a headwind against commodity-futures ETFs over longer periods, has flattened out. This flattening means it costs less to shift from one set of futures to the next. The factor causes UNG's performance to resemble more closely what's happening in spot gas prices. Read my print Barron's column for a fuller explanation. It wasn't that way until pretty recently. Last year, amid a steep contango in the futures market, the ETF fell 27%, even as the spot gas price advanced 15%. Things could shift back with little notice. But for months, they've been favorable." A must read in Barons!

The Energy Report - Commodity Price Drop May Change Fed Exit Strategy [Published International Business Times UK - Apr 18 2013]

"OPEC will definitely need to cut production to shore up prices as they can't produce at prices close to their break-even level" he said

OPEC mindful of slumping oil prices [Published UPI - Apr 18 2013]