OFIC Gestión Empresaria

Saudi Arabia Squeezed As OPEC Meeting Nears   Dear Member ,   Why upgrade? Greetings from London. Oil prices fell in trading on Friday morning, with a falling rig count unable to halt bearish sentiment. Friday, November 30, 2018 Oil prices dipped in early trading, but the next few days will be volatile. First, any news from the G20 summit on the Trump-Xi meeting regarding the trade war could have ramifications for the global economy and oil demand heading into 2019. But much of next week will be characterized by whatever jawboning or rumors come out of upcoming OPEC meeting. For now, oil is downbeat but awaiting direction. U.S. Senate vote hamstrings Saudi Arabia.  Saudi Arabia is aiming to cut oil production in order to boost prices, but the recent vote by the U.S. Senate to end the war in Yemen, even if it doesn’t become law, heightens the pressure on Riyadh to assuage American concerns. That gives President Trump more leverage as he demands lower oil prices from Sa

Oil prices collapsed on Friday, with WTI threatening to break the $50 mark and Brent falling below $60 for the first time in over a year. Friday, November 23, 2018 Brent fell below $60 per barrel during trading on Friday, a threshold not breached in over a year. WTI also saw a significant collapse, threatening to break below $50. The more oil prices fall, the more pressure OPEC+ will feel as its December 6 meeting approaches. Saudi production hit 11 mb/d.  Saudi Arabia’s oil production  hit  11 million barrels per day (mb/d) temporarily in November, although the full monthly average is expected to come in a bit lower than that. The 11 mb/d figure is a record high, but Riyadh plans to cut exports by 500,000 bpd in December. Permian surge expected next year.  The inauguration of new oil pipelines in 2019 could unlock another wave of supply from the Permian basin. “The Permian will continue to grow and OPEC needs to learn to live with it,’’ said Mike Loya, the head of Vitol Group’s unit

JORGE CASTORINA "La expropiación de las AFJP debiera ser delito imprescriptible" Las Administradoras de Fondos de Jubilaciones y Pensiones (AFJP) fueron empresas dedicadas a administrar los fondos generados con los aportes jubilatorios realizados por los trabajadores que optaran por ser incluidos en el régimen de capitalización individual establecido por la Ley 24.241 de reforma previsional de 1993, durante el gobierno de Carlos Menem. En noviembre de 2008, la entonces presidenta Cristina Fernández de Kirchner impulsó un proyecto de ley, idea de Amado Boudou, para apropiarse de todos los recursos, eliminando tanto el sistema de capitalización como las AFJP, unificando los regímenes existentes. Según lo relató la propia CFK, con esos recursos expropiados a favor de la ANSeS, la Argentina superó la crisis global 2008/2009, usándolos según las necesidades de los K. Han p asado 10 años, el problema previsional ha crecido. Es hora de recordar lo que sucedió. Por  JORGE R.