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U.S. OIL PRICES ENTER BEAR MARKET

NEGOTIATOR’S TAKE: $40 Crude brings opportunity to negotiate lower prices for a wide variety of products   |   08.12.16 – Crude settles at $40.06 a barrel, down from early June – Oil prices entered a bear market, briefly dipping below

STEEL MILLS BOOSTING PRICES: COLD-ROLLED COIL HITS A ONE-YEAR HIGH

  NEGOTIATOR’S TAKE:  With cheap imports gone, North American steel makers keep raising prices.   04.18.16 – Trading barely above multiyear lows Steel is being a different animal this year. While metals such as aluminum, copper and nickel are trading

BRENT OIL PRICES AT LOWEST LEVELS IN OVER A DECADE

NEGOTIATOR’S TAKE:  Transportation, plastic components, and petrochemicals all ripe for downward price negotiations. 12.30.15 – Expanding global surplus due to high-paced production sparks fears that prices will fall further Below $34 a barrel for the first time since 2009 Brent

U.S. OIL WILL LIKELY SLIDE TO $30

NEGOTIATOR’S TAKE: Lubricants, plastics and transportation are all candidates for price reduction.     Toward prices not seen since the last financial crisis As U.S. oil fell to a six-year low below $41 a barrel on Wednesday, an increasing number

Oil rout impacts the Canadian economy

A new Conference Board of Canada report released today at the Oil and Gas Summit 2015 in Calgary estimates Canada’s economy will suffer a 0.4 per cent hit to growth this year. Lower oil prices will have sharply differing effects

America is kicking its oil habit

“It is a great success story that we are now producing oil in the quantity that we are,” U.S. Treasury Secretary Jacob J. Lew said in an interview in New York. “The independence that we’ve developed in the energy sector,

Oil: Falling Down

Brent for January settlement declined $2.88 to $66.19 a barrel on the London-based ICE Futures Europe exchange, the lowest since Sept. 29, 2009. The volume of all futures was 4.9 percent below the 100-day average. WTI for January delivery dropped

The new oil order

The massive growth of shale oil production decreased OPEC capacity in setting oil prices. In a context of limited demand growth, oil prices are currently in the $80~$85 price range and unlikely to exceed $80 next year. The major factor in

The rise and fall of oil price

The price of oil has plummeted by more than a quarter since June but will Opec, which holds 60% of the world’s reserves and 30% of supplies, cut its own production to try to lift prices? Will the cartel allow

Palm oil prices slip to 5-year low

“The overall vegetable oil sector is effectively swimming in supply, or will be swimming in supply by the time we get to the end of the year,” Singapore-based Gordon said in a phone interview. The most-active price on Bursa Malaysia