2/10/2015

Oilcouldplungeto$20,andthismightbetheendofOpec:CitiLivemint

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10FEBRUARY2015

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FIRSTPUBLISHED:TUE,FEB102015.0805AMIST

Oilcouldplungeto$20,andthismightbethe
endofOpec:Citi

ArvindKejriwal,therise,
fallandriseoftheAam
Aadmi
TUE,FEB102015.1106AM

AsAAPsweepsDelhipolls,
partyofficesreflecttheir
mood

MON,FEB092015.0309PM

SamSmith,Beyonceand
PharrellWilliamsamongbig
winnersatGrammyawards

06:42PMIST

Kejriwalelectedleaderof
AAPlegislatureparty

2015
SAT,FEB072015.1133AM

06:38PMIST

PhotoEssay:Examtime

PNBraisesRs1,000crore
viaprivateplacement
06:33PMIST

MOREFROMTHISSECTION

PoorshowinDelhitocost
BSPitsnationalparty
status

LATESTNEWS

06:33PMIST

KejriwalelectedleaderofAAP
legislatureparty

Managingfamily
businesses

NatcoPharmafilesnew
drugapplicationswith
USFDA

WORLDCUP2015

TUE,FEB102015.1146AM

LatestNews

06:20PMIST

Therecentsurgeinoilpricesisjustaheadfake,andoilascheapas$20abarrel
maysoonbeontheway,saysCiti.Photo:Bloomberg

Therecentsurgeinoilpricesisjustaheadfake,andoilascheapas$20

PNBraisesRs1,000croreviaprivate
placement
PoorshowinDelhitocostBSPits

nationalpartystatus
abarrelmaysoonbeontheway,CitigroupsaidinareportonMondayas
ALSOREAD
Editor'spicks

EPAPER

SLIDESHOW

WTI,whichcurrentlytradesataround$52abarrel,couldfalltothe$20rangeforawhile,
accordingtothereport
TomRandall

SPECIALS

close

itlowereditsforecastforcrude.

AAPstriumphinDelhi:Willthe
Managingfamilybusinesses
sparkspread?
Despiteglobaldeclinesinspendingthathavedrivenupoilpricesinrecent
NatcoPharmafilesnewdrug
weeks,oilproductionintheUSisstillrising,wroteEdwardMorse,
applicationswithUSFDA
Citigroupsglobalheadofcommodityresearch.BrazilandRussiaare

pumpingoilatrecordlevels,andSaudiArabia,IraqandIranhavebeen

MOREFROMTHISSECTION

fightingtomaintaintheirmarketsharebycuttingpricestoAsia.Themarket
AAProutsBJP,Congress
inDelhielections

isoversupplied,andstoragetanksaretoppingout.
Apullbackinproductionisntlikelyuntilthethirdquarter,Morsesaid.Inthe
meantime,WestTexasIntermediate(WTI)crude,whichcurrentlytradesat
around$52abarrel,couldfalltothe$20rangeforawhile,accordingto
thereport.TheUSshaleoilrevolutionhasbrokenOpecsabilityto
manipulatepricesandmaximizeprofitsforoilproducingcountries.

Fivetakeawaysfrom
AAPslandslidevictoryin
Delhielections

ItlooksexceedinglyunlikelyforOpectoreturntoitsoldwayofdoing
business,Morsewrote.Whilemanyanalystshaveseeninpastmarket
crisestheendofOpec,thistimearoundmightwellbedifferent,Morse
said.
CitireduceditsannualforecastforBrentcrudeforthesecondtimein2015.
Pricesinthe$45$55rangeareunsustainableandwilltrigger

WhytheCongressshould
cheerAAPslandslide

disinvestmentfromoilandafourthquarterreboundto$75abarrel,
accordingtothereport.Pricesthisyearwilllikelyaverage$54abarrel.
Bloomberg

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2/10/2015

Oilcouldplungeto$20,andthismightbetheendofOpec:CitiLivemint

AAPstriumphinDelhi:
Willthesparkspread?

WhyKejriwalandModi
winsarenotcontradictory

CRUDEOIL OILPRICES CITIGROUP WTI OPEC

ALSOREAD
AAPstriumphin
Delhi:Willthespark
spread?

Kejriwalelectedleader
ofAAPlegislature
party

PNBraisesRs1,000
croreviaprivate
placement

PoorshowinDelhito
costBSPitsnational
partystatus

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