The volatility of oil price continues despite the
encouraging market factors, which usually are strong enough to keep it at a
steady level in normal circumstances. The reality on the ground, however, is puzzling even
the veterans in the sectors. Of course, these are not normal times; the
pandemic ha…
Monday 31 May 2021
Saturday 29 May 2021
Oil demand for next few decades in China: it shows no sign of abating!
Although there is plenty of news to make oil
investors anxious about their future returns on investments recently, according
to the latest analyses the world will still need oil for its survival around
2050, unless a miraculous substitute is around at that time. The above graphs shows how the crude …
Friday 28 May 2021
Crude Oil Markets: OPEC+ meeting next week may not rock the boat
Crude oil price is back in the green territory,
having been volatile for most part of yesterday in light of the data that came
from India about its oil consumption – and the inevitable impact on its
economy. By gathering data from three major sources,
including statistics on the community mobility i…
Thursday 27 May 2021
Sudden fall in oil price: the three simple charts that explain the unexpected
The crude oil price fell on Thursday by a modest
amount despite the presence of encouraging factors that usually bolster it. As
this is the case, in order to catch a glimpse of the unexpected, it is worth
looking at the latest EIA report, analysing the impact of Covid-19 on the
Indian economy in ge…
Wednesday 26 May 2021
Revival of 2015 Iranian Nuclear Deal: roller coaster of talks reaches a peak on Wednesday
The rollercoaster of talks over the JCPOA, 2015 Iran
nuclear deal, clearly is not short of peaks and troughs during its arduous
journey spanning five distinct phases. In response, the price of crude oil fluctuated wildly
during the last few days with misplaced fear about a supply glut due to the
ar…
Tuesday 25 May 2021
Oil markets are stable despite the mixed signals over 2015 Iranian nuclear deal
The volatility in the crude oil markets, which we
saw in the aftermath of President Hassan Rouhani’s public disclosure that the
sanctions against Iran would be lifted, has since subsided; the prices of crude
oil are in equilibrium with relatively mild fluctuations. Since the politics in the Middle E…
Monday 24 May 2021
Oil Price: the CEO of Baker Hughes expresses cautious optimism while Iranians wait for the light end of the tunnel
A member of a powerful parliament committee in Iran,
a cleric, according to the Iranian media, has said whatever agreed upon in
Vienna, must be approved by the Iranian parliament – in the end. It echoes the concerns of the moderates in the
Iranian administration about the delicate balance that the …
Saturday 22 May 2021
Oil price: crude oil markets ride out the short-lived volatilty
Investors and traders alike could breathe a sigh of
relief by the afternoon, yesterday, as the crude oil markets found its equilibrium
again, having been through a short period of volatility, the previous day –
finally. It’s either the news of the sanctions against Iran
being lifted or the report f…
Friday 21 May 2021
Crude oil price: charts turn green from red in less than 24 hours with strong recovery
After a day of market mayhem, crude oil price
reached where it should be today, much to the delight of the investors in the
sector. After the Iranian president, Hassan Rouhani
announced that a deal is reached with what he called, ‘world powers’, oil price
tumbled yesterday, coming down by more than …
Thursday 20 May 2021
Oil price tumbles on the news of a breakthrough in 2015 Iranian nuclear deal
Crude oil prices took a dive on Thursday when Hassan
Rouhani, the Iranian president signalled that world powers have agreed to lift
the sanctions against Iran. Although President Rouhani did not spell out the
details of the deal, the markets that had been edgy throughout the day
following the bombsh…
Reviving 2015 Iran nuclear deal: the parties seem to be tantalisingly close to a deal
As the signatories to the JCPOA, 2015 Iran nuclear
deal, meet in the 5 th round of talks in Vienna in order to resolve the lingering
thorny issues, the head of the Iranian delegation sounded optimism on
Wednesday. It is a sentiment shared by Iran’s
government-controlled media too; Russia, an ally of …
Wednesday 19 May 2021
Oil Price: disappearing glut and strong demand to keep the price at a sustainable level
The IEA, the International Energy Agency, caused
something more than a stir in the oil markets yesterday when it said the kind
of things that the investors in the sector should pursue if they really want to
see net-zero-goal by 2050; it says this year should be the last year for
investing in the oi…
Tuesday 18 May 2021
Arrival of Iranian oil to the markets: investors show no panic - for a reason
Crude oil markets are bracing themselves for the
arrival of Iranian oil in proportion to the growing positive sentiments, both
in Vienna and Tehran about a potential, mutually-acceptable solution to the
JCPOA, 2015 Iranian nuclear deal. The talks that entered the 5ths phase had been going
on for wee…
Monday 17 May 2021
Talks over 2015 Iranian nuclear deal: did Gaza conflict raise a new roadblock against the progress?
The talks over the JCPOA, the Joint Comprehensive
Plan of Action, also known as 2015 Iran nuclear deal, which have been making
steady progress, appeared to have hit a roadblock all of a sudden. The signatories to the JCPOA and Iran already had
four rounds of talks in Vienna. According to a senior Ru…
Sunday 16 May 2021
Revival of the 2015 Nuclear Deal: talks to continue in Vienna despite Middle East Tension
Although Mohammad Javad Zarif, the Iranian foreign
minister, avoided visiting Vienna, the Austrian capital, in protest against the
European nation’s sympathy towards Israel, the team involved in talks to revive
the JCPOA, the 2015 nuclear deal, are to stay in the city. Mr Zarif cited the display of …
Friday 14 May 2021
Crude oil price to remain stable, despite the conflict in the Middle East and Covid-19 surges in Asia
The crude oil price rally continues with occasional
fluctuations which are completely understandable. The market concerns remain, though: the conflict
between the Palestinians and Israel enter the fifth day with the infrastructure
in the Gaza Strip taking a heavy hit from the aerial bombardments; t…
Thursday 13 May 2021
Unresolved Houthi Issue: the latest factor that could determine crude oil price
While Israel is under serious threat by the rockets
fired from Gaza strip by Hamas, Saudi Arabia was not spared by the Houthi
rebels even on the most important day in the Islamic calendar, the Eid. Saudi security forces said on Thursday that they
intercepted eight explosive-laden drones and three ba…
Wednesday 12 May 2021
Crude oil price rises unabated despite the tension in the Middle East
The conflict in the Middle East involving the
Palestinians and the IDF, the Israeli Defence Forces, is depressing to watch as
innocent lives are lost on both sides with substantial damage to
infrastructure. It’s unfortunate that the fighting broke out in the
run up to Eid, the most important festiv…
Tuesday 11 May 2021
Jet fuel price crosses the break-even mark as momentum builds up in the air travels
With the impending relaxation of travel restrictions,
the airlines are optimistic that the days before getting air travel to
pre-pandemic level is not just a pigment of imagination of the industry any more. The mood has never been positive this much during
the last 18 months since the world went int…
Monday 10 May 2021
Oil price closer to $70 a barrel: it's more realistic, sustainable and better than pursuing unrealistic goals
Crude oil price that has been rising for the past
three weeks at a slower, but steady rate, appears to be facing a formidable ceiling
to slip through - for months. Although the analysts from certain investment banks
have been predicting a price, ranging from $80 to $100 a barrel this year, in
realit…
Saturday 8 May 2021
Crude oil markets welcome warming releations between India and Saudi Arabia
With a series of tweets – more than 5 – Dharmendra
Pradhan, the Indian oil minister thanked Saudi Arabia and other Gulf nations
for supplying India with LMO, liquid medical oxygen, in its hour of need. The Gulf nations are going to continue to supply the
LMO for the next six months, according to the…
Thursday 6 May 2021
Crude oil price got the best boost from the EIA: US crude stocks showed significant draw last week
Crude oil price rose for the fourth successive day
this week with the prospect of hitting $70 a barrel being close to reality. On Thursday, it got a significant boost from the
latest crude inventory data from the EIA, the US Energy Information
Administration: the EIA says there was a draw of 8 milli…
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- Oil Price: the latent influence of talks over 2015...
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- Sudden fall in oil price: the three simple charts ...
- Revival of 2015 Iranian Nuclear Deal: roller coast...
- Oil markets are stable despite the mixed signals o...
- Oil Price: the CEO of Baker Hughes expresses cauti...
- Oil price: crude oil markets ride out the short-li...
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- Oil price tumbles on the news of a breakthrough in...
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- Oil Price: disappearing glut and strong demand to ...
- Arrival of Iranian oil to the markets: investors s...
- Talks over 2015 Iranian nuclear deal: did Gaza con...
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- Crude oil price to remain stable, despite the conf...
- Unresolved Houthi Issue: the latest factor that co...
- Crude oil price rises unabated despite the tension...
- Jet fuel price crosses the break-even mark as mome...
- Oil price closer to $70 a barrel: it's more realis...
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