Crude oil prices could pick up in late 2016 – IEA’s F.Birol

FXStreet (Edinburgh) - IEA’s Executive Director Fatih Birol has argued that crude oil prices could start reverting its decline late next year or at the beginning of 2017, while crude investment is expected to drop by 20% during 2016.

Furthermore, he added that further downside pressure in prices is likely in case sanctions against Iran are lifted.

He also added that a slowdown in China could impact on the predictability for energy markets.

Jan 11, 2016

China's decision to suspend circuit breaker reflects resultant challenges – Moody’s

Moody's Investors Service, in its latest note published on Monday, stated that China’s decision to scrap the circuit breaker mechanism last Thursday, i.e., just four trading days after its implementation, reflected concerns over the consequent emergence of various key challenges.

GBP remains under pressure – Danske Bank

Jens Pedersen, Senior Analyst at Danske Bank, has noted the British pound will remain under pressure in the next months...