For years the Saudi's and Russia were the world's largest oil producers - with the US being a net importer of oil…
But that's changed overnight.
US oil production increased by 2 million barrels per day since 2018.
The US now produces 12 million barrels of oil per day. Russia trails the US with 10.65 million barrels per day and Saudi Arabia is third in the world, producing 10.2 millio... ››› more
How to get your trading questions answered by Timon himself
Q. “Timon, I'm sorry to ask you on Twitter but I need to know. Where can I ask my trading and investing questions to get answers direct from FSP Invest analysts”
A. You may ask all your questions in the comments in the Q&A section of our Facebook page by clicking here.
If you don't have Face... ››› more
Over the past few weeks, the oil price has rallied.
This is mostly thanks to a weaker dollar and the chance that supply of US shale oil is slowing.
So will oil keep climbing?
Let's take a closer look…
How the oil industry has changed
The big change in the whole oil industry has been the success of US shale oil. More efficient fracking led to oil reserves that were once inacces... ››› more
Since the mid-1970s, the Organization of the Petroleum Exporting Countries (OPEC) has controlled the price of oil... Cutting production when it got too low and opening up the floodgates when the price got too high.
That's what the world expects OPEC to do. That's what OPEC has always done.
But for once OPEC is defying all logic…
OPEC's seemingly illogical move will send the oil price... ››› more
Shale Gas could've been the next big boom sector in South Africa.
The Karoo is the fifth largest gas field in the world, and local as well as international companies are interested in developing it.
After all, according to estimates, shale gas extraction from the Karoo will lead to 9% GDP growth for South Africa!
And just imagine the possibility of extracting cheap shale gas and using it ... ››› more
In the mid 1800's oil mania hit America.
As the country industrialized it soon became clear that oil would be one of the most important resources in a mechanizing world.
There was a huge rush for this ‘black gold' and some got very rich from it. None more so than John D Rockerfeller - The world's first billionaire.
But now a new energy revolution is sweeping across America, and this ti... ››› more
OPEC, the Organisation of Petroleum Exporting Countries, is set to meet in Vienna tomorrow to discuss oil policies. But world powers aren't concerned. They believe OPEC's lost its power as the US shale gas boom is keeping prices down. Here's why…
While OPEC meetings have been “unpredictable and quarrelsome in the past”, oil traders shouldn’t worry about tomorrow’s OPEC meeting,... ››› more
A couple of years ago shale gas was the talk of the town.
Companies all over the USA were acquiring new shale gas fields, spending billions on their exploration budgets and the commodity was set to be the next BIG thing…
But massive discoveries led to production of shale gas coming online very fast. This led to an instant over supply in the US shale gas market.
The price of the commodity... ››› more
Following months of discussion, the Ministry of Petroleum in India has finally settled on a price of $6.77 per unit for natural gas. This price has now been put forward to the cabinet committee on economic affairs and, if accepted, it'll be made applicable for all other gas fields in the country, which will have a global impact. Here's what this means for your pocket at the end of the day…
... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.