International Business House

International Business House is the trusted global provider of business intelligence through conferences and training to the world’s leading OIL & GAS businesses.






Brent crude oil price falls below $80 a barrel

The benchmark US crude oil price is also at a four-year low, after losing $2.57 to close at $74.28.

The price has fallen sharply since the summer and is 30% below its June price.

The drop comes as traders believe members of the Opec oil exporting countries, which control about 40% of world oil exports. will not cut production.

Opec's 12 member countries will meet later this month to discuss the global oil market.

Lower oil prices typically prompt Opec nations, which include the biggest oil exporting nation in the world, Saudi Arabia, to rein back output in order to limit supply and boost prices and income.

Most need higher oil prices to fund rising government spending.

But recent comments by oil ministers from Saudi Arabia and Kuwait suggest the group is unlikely to agree to a cut.

The US energy department said this week that it expected low fuel prices to last into next year.


Take the opportunity to become one of the first to get Energy Markets forecast for the 2015 with the means of Fundamental and Technical Analysis, and also understand which factors result on Energy Markets pricing.

We are pleased to inform you about the 7th Annual Oil & Gas Market Analysis programme, which will be held 18–20 December 2013, ICE Futures, London, United Kingdom.

The course provides an overview of the factors underlying the pricing of the energy markets. Participants will gain a strong understanding of the fundamental drivers affecting the valuation of energy sources. Economic, Geographical, political, strategic and comparative factors are considered.

This programme also explains the techniques required to forecast future prices in the oil and gas markets using charts and technical analysis. It will cover the different types of charts and their construction, chart patterns and the more commonly used technical indicators. Examples and workshops provide the opportunity to explore the potential for technical analysis and charting.

« all news