Oil price fell on Friday, ending the positive trend
during the first four days of the week, perhaps due to the unexpected news from
the Eurozone that the latter has slipped into double-dip recession; the block
has entered the second recession in less than a year, the data confirmed. Europe is still …
Friday 30 April 2021
Thursday 29 April 2021
Crude Oil Markets: bullish sentiment returns with strong economic data from the US and China
Oil price is turning bullish despite the surge in Coronavirus
infections in India, Japan, Brazil and Turkey. The devastating consequences,
especially in India, are there for all to see. Although crude oil markets showed a significant
anxiety over the development in India and Japan, the world’s third…
Wednesday 28 April 2021
Saudis to sell 1% stake in Saudi Aramco; OPEC+ ministerial meeting cancelled; Oil price bounces back
As the OPEC+ in a surprise move cancelled the
ministerial meeting at the eleventh hour, by coincidence, Prince Mohamed bin
Salman, the crown prince of Saudi Arabia known as MBS, gave a rare interview to
a Saudi journalist on Tuesday. The crown prince heaped praise on the journalist at
the outset, s…
Tuesday 27 April 2021
OPEC+ Meeting Tomorrow: is outcome, a foregone conclusion?
The next monthly, virtual meeting of the members of
the OPEC+ is going to take place tomorrow. Unlike in the run up to the previous
meetings, the enthusiasm among the analysts about the latest meeting is
somewhat subdued, perhaps sensing that the outcome is just a foregone
conclusion. At the end of …
Monday 26 April 2021
Wheat price goes up as oil price falls, being true to old cliche: one man's loss is anothre man's gain!
With the unprecedented surge in Coronavirus
infections in India, exacerbated by the lack of medical oxygen in hospitals and
the scarcity of beds, the oil price fell on Monday, having been subjected to
the inevitable volatility in the markets. Making matters worse, the pandemic situation in
Japan als…
Saturday 24 April 2021
Oil Price: strong Euro zone economic recovery and Weaker dollar push the price up
Oil prices did not fall precipitously as expected
due to the surge of Coronavirus infections in India and Japan, the world’s
third and fourth largest consumers respectively. Of course, the situation in India is very grim in
terms of the exponential increase in the number of infections, relatively hi…
Friday 23 April 2021
Oil Price: two key meetings soon that affect the crude oil markets
Two key meetings are going to take place next week
that will be crucial to crude oil markets in the long run. In Vienna, the Austrian capital, the meeting of the
signatories of the JCPOA – Joint Comprehensive Plan of Action – also known as
2015 Iranian nuclear deal will resume next week. Having start…
Thursday 22 April 2021
Grim Pandemic Statistics in India and Japan Worry the Crude Oil Markets
The rising Covid-19 infections – and deaths – in both
India and Japan have dampened the positive sentiment that we saw at the
beginning of the week in crude oil markets. The fall in crude oil price for the third successive
day clearly reflects the anxieties felt by the investors over the state of
af…
Wednesday 21 April 2021
Iranian 2015 Nuclear Deal: Iran wants 1600 sanctions lifted - all at once!
The discussions between Iran and the signatories to
the JCPOA, Joint Comprehensive Plan of Action, also known as 2015 nuclear deal,
continue in Vienna, the Austrian capital. Although there was some speculation of a
breakthrough last week, a new impasse appears to have emerged, according to
Iranian n…
Tuesday 20 April 2021
Oil Price: recovery in a year since the Great Oil Crash
It has been a year since textbooks on fossil fuels
were revised, adding an indelible bookmark to the contents that span decades;
the crude oil price crashed on April 20, 2021 with price going to negative for
the first time ever – something that has never happened in the history of oil
trading. Nor w…
Monday 19 April 2021
Oil price dips: concerns about Coronavirus infections in Asia worry markets
The crude oil price fell on Monday despite the
emergence of multiple factors to the contrary. The strong growth figures in the US and China, the two top global consumers of crude oil
were in favour of a rise in demand: China’s crude oil imports rose in direct
proportion; in the US, meanwhile, the cru…
Sunday 18 April 2021
Reviving the 2015 Iran Nuclear Deal: Iran and negotiators are upbeat about a breakthrough
There are positive signs emerging from the current
meetings between Iran and the signatories to the 2015 nuclear deal that take
place in Vienna, the Austrian capital. According to the media reports, the delegates from
the United Kingdom, Russia, Iran, Germany, France and China are continuing with
th…
Saturday 17 April 2021
Oil Price: the weekly price is up with strong Chinese and US economic data
Oil price recorded a rise this week, having been on
a downward trend for weeks. The main pushing factor has been China’s impressive
economic growth, coupled with its ability to control the pandemic, despite
being the epicentre of the catastrophe, last year. All indications are that it’s full steam a…
Friday 16 April 2021
China and Japan get the crude oil demand on track; pandemic concerns in Asia remain serious, though
Despite the rising infections across Asia, especially
in India, the crude oil imports have been rising in the region, according to
the latest news from Singapore. According to the same source, there have been
heightened activities at refineries in both China and Japan in proportion to
the growth pro…
Thursday 15 April 2021
Oil Price: planes are back in the skies; jet fuel consumption picks up
According to the latest data from the EIA, US Energy
Information Administration, the US crude oil inventories recorded their biggest
drop in two months – a fall by 5.89 million barrels. With that, three major global agencies that analyse
all aspects of the realm of energy finally emerged with a sin…
Wednesday 14 April 2021
With the next OPEC+ ministerial meeting just two
weeks away, OPEC+ expressed optimism about the future demand of crude oil,
having maintained what Saudis used to call, cautious optimism, for months. Citing the latest growth figures from China, along
with its export and import figures, the organizati…
Tuesday 13 April 2021
Weaker US dollar pushes the oil price up - modestly
The oil price, which entered the green zone on market
charts on Monday, continues to stay that way, but with relatively modest
increases in price. The momentum that we saw on Monday, especially in
the Asian markets, has clearly slowed down. Analysts were bracing themselves for a big impact on
the ma…
Monday 12 April 2021
Crude Oil Price: did 'inflection point' remark by Jay Powell, Fed Reserve Chief, affect the markets?
Those of us who are very much familiar with the terms
such as inflation, growth and even the dreaded recession from economists during
volatile periods, heard a less-familiar term on April, 4, from Jay Powell, the
Chair of Fed Reserve. Mr Powell, speaking on CBS’s 60 Minutes programme,
said that the …
Saturday 10 April 2021
What caused the downward trend in crude oil price?
Weekly crude oil price, that showed an upward trend
up until March, 2021, has suddenly turned downward, when 3-point-moving
averages are taken into account. This is not something that analysts anticipated,
especially when there are clear signs of global demands going up. Moreover, in
the US, there w…
Friday 9 April 2021
Waiting in the Wings for Crude Oil: China and India to go on buying sprees, if sanctions against Iran are lifted
With the encouraging indications, both from the US
and Iran, about the revival of 2015-nuclear-agreement, the world’s second and
third consumers of the crude oil are pinning their hopes on a positive outcome
in a matter of weeks, not many months. Both the US and Iran have shown some flexibility
rece…
EIA sees a brighter future for crude oil markets
The EIA, US Energy Information Administration, in
its latest report depicts an optimistic picture about the future of the crude
oil market. It certainly has helped the oil markets to keep up
the momentum despite emerging challenges on many fronts. The resurgence of the Coronavirus pandemic is still
a…
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- Crude Oil: prices fall as Eurozone enters double-d...
- Crude Oil Markets: bullish sentiment returns with ...
- Saudis to sell 1% stake in Saudi Aramco; OPEC+ min...
- OPEC+ Meeting Tomorrow: is outcome, a foregone con...
- Wheat price goes up as oil price falls, being true...
- Oil Price: strong Euro zone economic recovery and ...
- Oil Price: two key meetings soon that affect the c...
- Grim Pandemic Statistics in India and Japan Worry...
- Iranian 2015 Nuclear Deal: Iran wants 1600 sanctio...
- Oil Price: recovery in a year since the Great Oil ...
- Oil price dips: concerns about Coronavirus infecti...
- Reviving the 2015 Iran Nuclear Deal: Iran and nego...
- Oil Price: the weekly price is up with strong Chin...
- China and Japan get the crude oil demand on track;...
- Oil Price: planes are back in the skies; jet fuel ...
- With the next OPEC+ ministerial meeting just two ...
- Weaker US dollar pushes the oil price up - modestly
- Crude Oil Price: did 'inflection point' remark by ...
- What caused the downward trend in crude oil price?
- Waiting in the Wings for Crude Oil: China and Indi...
- EIA sees a brighter future for crude oil markets
- Crude Oil Futures up for June: oil markets prove r...
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