Globally, crude has been sliding down for the past few weeks on the back on poor European data, inflation in Asian economies and US debt problems. Jason Feer of Argus Media tells CNBC-TV18 that he expects the downward pressure on crude prices to continue.
Although crude has gained for a second straight session, Jason Feer, Vice President and Singapore Bureau Chief, Argus Media says, the risk is really more on the downside than on the upside.
In an interview with CNBC-TV18, Jason Feer, vice president (Singapore bureau chief) of Argus Media, said that there is no catastrophic news to push oil alarms. "Slower demand growth in the United States, sluggish economic recovery in Europe, all these factors indicate low demand growth going forward, " he added.
Jason Feer, vice president & Singapore bureau chief, Argus Media talks about Brent and WTI index and how he sees crude oil prices moving hereon.
In an interview with CNBC-TV18, Jason Feer, Vice President and Singapore Bureau Chief, Argus Media for crude there is more risk on the downside than there is on the upside.
In an interview with CNBC-TV18, Jason Feer, Vice President and Singapore Bureau Chief, Argus Media, speaks about crude and gives his outlook going forward.
The one big worry is the tensions arising out of the MENA region with respect to the political scenario as well as what can happen to crude prices. Jason Feer, Vice President & Singapore Bureau Chief at Argus Media gave CNBC-TV18 his views on where this global political and economic cocktail is headed.
Jason Feer, Vice President and Singapore Bureau Chief of Argus Media told CNBC-TV18 that if the contagion spreads to the neighbouring countries surrounding Libya, these additional disruptions could see crude oil prices heading even higher.
Both Libyan leader Muammar Gaddafi and the president of the Arab League agreed to a peace plan from Venezuela's President Hugo Chavez to end the crisis in the North African country, reports Reuters quoting a news network said on Thursday. Indian markets have reacted positively to the news.
Jason Feer, Vice President and Singapore Bureau Chief, Argus Media, in an interview on CNBC-TV18 spoke about why there was a divergence in crude prices between the NYMEX Crude and Brent Crude and how things would pan out for both these varieties of crude in the days to come.
Crude is on the boil. Brent crude oil price crossed the USD 100 per barrel mark, amid the market struggling to deal with rising inflation. Egypt’s escalating political turmoil is the main cause of concern at the moment, says Jason Feer of Argus Media, in an interview on CNBC-TV18.