Shipping revolution has oil headed for $90, Morgan Stanley says

Forget Iran and OPEC. There’s another issue that will keep oil prices supported for the next two years, according to Morgan Stanley. Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, the bank’s analysts said in a report.

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Oil and the dollar are doing something they have only done 11 times in the past 35 years

Oil prices and the U.S. dollar are rallying in tandem—a dynamic that has only occurred 11 times since 1983, and it’s drawing the attention of market participants attempting to assess its significance. West Texas Intermediate crude oil traded on the New York Mercantile ExchangeUS:CLM8 which is up 12.2% in the past month, according to FactSet data, has shaken off a 3.6% rally in the previously battered dollar, as measured by the ICE U.S. Dollar Index DXY, -0.36% according to FactSet data. 

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New Sanctions On Russia Could Lift Oil Prices Further

Crude oil prices started the week with a drop of about one percent as traders were still watching what happens in Syria next and despite the announcement that Washington will impose new sanctions on Russia for its support of Syrian President Bashar Assad.

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The United States will dominate the oil industry for the next 5 years, International Energy Agency forecasts

Oil demand will keep expanding over the next five years, and the United States will fulfill most of the world's growing appetite, the International Energy Agency said on Monday.

In its latest annual outlook, the IEA forecasted that strong economic growth around the world will continue to support strong oil consumption until at least 2023.

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Whispers of $80 Oil Are Growing Louder

Oil prices have been grinding higher and higher, spurring forecasters to predict they could hit $80 a barrel this year. Oil is already trading at its highest levels in three years after a 22% gain for U.S. crude futures over the past 12 months, and some market watchers expect prices to take out new milestones.

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The Next Oil Boom Could Be Here Sooner Than You Think

Despite the support of OPEC, crude prices remain in the doldrums again this year. While many initially expected that oil would stay in the mid-$50s, it has fallen well short of those forecasts, spending most of the year in the $40s. Driving down prices has been a combination of weaker demand growth and unexpectedly robust production from U.S. shale producers as well as Libya and Nigeria, which are both exempt from OPEC's output cuts.

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Why The Right Price For Oil Is Between $60 And $70

Before we get into this topic, let me remind readers that crude oil prices are determined on the global market and natural gas & natural gas liquids (“NGLs”) trade on regional markets. The vast majority of upstream oil & gas companies produce a mixture of these three commodities.

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Eni CEO: The oil price is heading higher

While the oil market has experienced a few turbulent years, the chief executive of Italian oil and gas giant Eni believes the price of oil will eventually tick higher, but that it would still have to go through a transition period during 2017.

"I think that the price is going up," Claudio Descalzi, CEO of Eni, told CNBC on Wednesday.

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Ten Predictions For Private Equity In 2017

Last year was another exceptional one for fast-growing global private equity investment. Capital committed to traditional funds, co-investments, separate accounts and direct deals hit an all-time annual record of $681 billion, beating the previous high set in 2015 by 9 percent. Private equity looks set for further records this year as new investors enter the asset category and as veterans continue to increase relative allocations. But both managers and investors need to be flexible and open-minded if they are to successfully negotiate the increasingly complex asset category. These ten predictions for private equity in 2017 make that abundantly clear.

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Remaining Recoverable Petroleum in Ten Giant Oil Fields of the Los Angeles Basin, Southern California

The Los Angeles Basin is a deep structural feature that began forming near the margin of the North American and Pacific Plates about 7 million years ago, during Late Miocene time (Wright 1991). The basin is bounded on the northwest by the Santa Monica Mountains, on the southeast by the San Joaquin Hills, on the east by the Puente Hills, and on the west by the Palos Verdes Peninsula

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Until recently, the opportunity to invest in Venture Capital backed private growth companies (PGC) was only accessible to institutional investors and high net worth individuals with connections to the Venture Capital industry. However, ongoing changes in legislation, the emergence of alternative trading platforms, and new fund structures have brought this alternative asset to within the reach of all investors.

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