Exactly as some analysts anticipated, the EIA, the US Energy Information Administration, released its much-awaited data yesterday while confirming that US oil inventories were down again for the week ending December 25. The drop was much more than what was expected - 6.06 million barrels. The value w…
Thursday 31 December 2020
Wednesday 30 December 2020
Steady oil price: is another drop in US crude oil inventories in the offing?
Oil price is
on the rise and the EIA, the US Energy Information Administration, has not
released its latest US oil inventory report yet – a reliable factor that
influences the current crude oil price. The
confidence of investors, however, indicates the inventories may have been down during
the Chris…
Tuesday 29 December 2020
Why are investors still fond oil markets? There is a reason!
We are, in more than one way, living in the greatest
crisis since the Second World War. Yet, our lives go on, at a relatively slow
pace, of course, with no danger of a hunger, a famine or chaos breaking out on
a global scale or at national level. That’s the difference. In addition, unlike in the
Sec…
Monday 28 December 2020
Oil price outlook in 2021: encouraging signs of a stable recovery
Oil price recovery continued on Monday when markets
opened for business after a very quiet Christmas. Despite the absence of usual Boxing Day sales and
corresponding gloom in the retail sector, oil price rally continues defying
some analysts and the forecasts on the same wavelength. The markets may …
Sunday 27 December 2020
Russia supports OPEC+ production hike in February: signs of oil price recovery
Russia says it will support the move by the OPEC+ -
OPEC + Russia – to increase the production of oil by 500,000 barrels per day,
most probably to cash in on the steady increase in demand. The group plans to increase the production from February,
after a crucial summit scheduled in January. Alexander…
Friday 25 December 2020
Oil price remains strong: clear signs of Coronavirus fatigue
Oil price does not seem to be dependent on the
Coronavirus news any more whether the latter comes in the form of spikes, waves
or even the formulation of new vaccines. The price remains strong defying the factors that
could otherwise have brought it down significantly. The investors have finally re…
Thursday 24 December 2020
Oil price forecast from models: not a substitute for an investor's instinct
Change Weekly Data: Data Source: EIA "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warrent Buffett The crude oil price recorded its lowest ever value on
April 20 this year, when it went negative for the first…
Why does oil price remain high despite uncertainties? EIA data sheds ligh on the development
Oil price remains fairly buoyant despite the ripple
effect of the new variant of the Coronavirus that almost drowned the hopes of
the efficacy of the vaccines that grab headlines. The latest data released by the EIA, the US Energy
Information Administration, sheds light on the unexpected phenomenon.…
Wednesday 23 December 2020
Cairn Energy wins an arbitration in its favour in India
Cairn Energy PLC, an independent, UK-based oil and
gas exploration, development and production company, has won arbitration
against the Indian government on Wednesday. It was over levying Rs 10,247 crore - in Indian
currency - or $1.2 billion in retrospective taxes, that the Indian government had cl…
Coronavirus New Strain: Oil price remains fairly stable
Change Period: Data Source: EIA
The news about the new Coronavirus strain, quite unfairly, stigmatized the United Kingdom with some countries banning any physical contacts with its inhabitants.
The evolution of a virus in nothing new; the seasonal flu viruses do it all the time, while staying a st…
Sunday 20 December 2020
Oil prices extend gains and rig count shows a healthy growth
There is plenty of bad news on
the Coronavirus front, especially in Europe, owing to the discovery of a new
strain that has the potential to spread fast. The oil price, much to
analysts' surprise, maintained the upward momentum, though, defying the gloomy
news on the new infections. Things may c…
Saturday 19 December 2020
Oil price boom continues despite the gloomy forecasts
Oil price rise continued
throughout the week despite worrying economic activities due to increased virus
infections - across the world. It's the third wave that is yet
to reach its peak and policy makers are collectively scratching their heads to
find solutions to mitigate the inevitable impact. …
Friday 18 December 2020
Electric Vehicle Boom: Toyota CEO talks about the elephant in the room
Electric charging points are mushrooming in the
Western world and so is the visibility of electric vehicles on our roads with an
ever increasing frequency. Of course, electric cars do not pollute the
environment with carbon emissions; there is no sound pollution either, as their
presence on roads is…
Thursday 17 December 2020
Oil price goes up as EIA forecasts a decline in oil inventories
The EIA, the Energy Information Administration of
the US, once again proved its undisputed influence in determining the trend of crude oil
price by announcing that the US crude oil stocks has declined. In inverse proportion to the forecast, the oil price
is on the increase significantly relative to …
Wednesday 16 December 2020
Bitcoin smashes through $20k barrier
In a further sign of economic recovery, the value of Bitcoin moved above $20,000 for the first time since its inception, taking the cryptocurrency enthusiasts to a new level of excitement. Invented in 2008 by a Japanese inventor, whose true identity is still shouded in mystery, it made a remarkable…
Oil price shows remakable resilience despite negative factors
Despite the usual negative factors weighing heavily
on the price of crude oil, we haven’t seen a price crash, forecast by some
analysts in the energy realm. The OPEC+ - at least some members – have second
thoughts about the production cuts; the US oil inventories have increased,
according to the EIA…
Tuesday 15 December 2020
Oil prices show signs of recovery despite strict lockdowns
The oil price shows signs of recovery despite the
obvious impact on it due to new lockdowns in Europe. The lockdown are relatively strict and there are
reports of new variants of the Coronavirus; whether it’s a milder form of the
same virus remains to be seen. On a positive note, the Asian demand for…
European lockdowns: the need of innovative ideas for the airline industry
As major European nations stare into the abyss of
yet another lockdown, the ghost of economic consequences creates disturbing
ripples in every sector. The demand for oil – and to some extent, gas too –
will definitely suffer and in inverse proportion to the decline, the crude oil
stocks will go up i…
Sunday 13 December 2020
US oil rig count falls - oil price dropped too!
The US rig count, a reliable indicator to reflect
the scale of demand of crude oil, went down during the last few days, despite
showing a recovery since the peak of the first wave of the pandemic. It has gone down from 323 to 258, according to Baker
Hughes rig count data – a significant drop. During …
Friday 11 December 2020
US Oil Inventories: sudden hike may affect oil price
The US crude stocks, according to the EIA, the
Energy Information Administration data, have gone up by a few million barrels,
bucking the trend that was downward for months. Since this is a major factor in determining the
crude oil price, its effect will be felt in the oil markets in the coming days…
Thursday 10 December 2020
Energy from Renewable Sources: it's still just 11% in the US
The above graph shows that the energy obtained from renewable sources in the US was just 11% in 2019, despite the growing enthusiasm for going green. It's almost a three-fold increase since what it was in 2000; however, it was not impressive enough to see the end of the usage of fossil fuels. As …
Wednesday 9 December 2020
Challenges against the Green Energy: wind turbines
Wind turbines are propping up along certain shore
lines – off-shore as well – in proportion to our Green ambitions. They do make
some contribution to the national grid of the country in question. Of course, there is sizeable opposition to the
project on aesthetic grounds; they just spoil the landsca…
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- The logic behind strong oil rally: US oil inventor...
- Steady oil price: is another drop in US crude oil ...
- Why are investors still fond oil markets? There is...
- Oil price outlook in 2021: encouraging signs of a ...
- Russia supports OPEC+ production hike in February:...
- Oil price remains strong: clear signs of Coronavir...
- Oil price forecast from models: not a substitute f...
- Why does oil price remain high despite uncertainti...
- Cairn Energy wins an arbitration in its favour in ...
- Coronavirus New Strain: Oil price remains fairly s...
- Oil prices extend gains and rig count shows a heal...
- Oil price boom continues despite the gloomy forecasts
- Electric Vehicle Boom: Toyota CEO talks about the ...
- Oil price goes up as EIA forecasts a decline in oi...
- Bitcoin smashes through $20k barrier
- Oil price shows remakable resilience despite negat...
- Oil prices show signs of recovery despite strict l...
- European lockdowns: the need of innovative ideas f...
- US oil rig count falls - oil price dropped too!
- US Oil Inventories: sudden hike may affect oil price
- Energy from Renewable Sources: it's still just 11%...
- Challenges against the Green Energy: wind turbines
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