Having been emboldened, perhaps, by
the chaos engulfing the global energy markets, the OPEC+ says the fossil fuels
will still be in use through 2045 and beyond and there will not be a perfect substitute
for it for decades to come. OPEC+ admits that the tendency to
embrace renewable sources will cont…
Wednesday 29 September 2021
Tuesday 28 September 2021
Oil Price: Brent crosses the psychologically-important $80 barrier
The price of Brent crossed the psychologically
important $80 barrier in the early hours, today, undoubtedly causing ripples
across the corridors of power across the world. As of 10:30 GMT, the prices of two major benchmarks,
WTI and Brent, stood at $76.27 and $80.23 respectively. It is obvious that t…
Monday 27 September 2021
Rising crude oil price: inverse correlation between demand and supply is blatantly clear now!
The price of crude oil in the international markets
has been rising this week, leaving the fluctuating uncertainties that we saw in
the past few weeks behind. As of 16:30 GMT, the price of WTI and Brent stood at
$75.36 and $79.49 respectively. It’s now, more or less, determined by the two basic
facto…
Sunday 26 September 2021
European energy crisis: the perfect storm that many did not see coming to a city near us!
At the height of the 2008 financial crisis that came
about out of the blue, Queen Elizabeth ||, the British Monarch, was reported to
having asked some experts in the field, “Why no one saw this coming?” at an
event in the aftermath of the disaster. Of course, Her Majesty’s audience could not give a
…
Thursday 23 September 2021
Falling US crude inventories keeps the oil prices steady - for now!
The US crude oil inventories have been falling for the
past few weeks, which manage to keep the price of crude oil at the current
level, without being subjected to wild fluctuations. The numbers, both from the API, American Petroleum
Institute and the EIA, US Energy Information Administration, somet…
Wednesday 22 September 2021
Revival of the Iranian Nuclear Deal: will it overshadow the key factors in the oil markets again?
After months of uncertainty over the revival of the
JCPOA, 2015 Iranian deal, the diplomatic moves are fully underway to restart
the negotiations. Both President Biden and President Raisi of Iran
hinted that the next round of talks is in the offing in Vienna, the Austrian
capital. If Iran is allowed…
Tuesday 21 September 2021
China to the rescue! crude oil prices are steady on Tuesday
Oil prices remain steady on Tuesday, despite the
worrying trend that analysts saw on Monday. Having debated the health of China’s economy for
weeks, if not months, it’s now clear for analysts that China’s oil imports are
showing the signs of recovery in spite of the country tapping its strategic pet…
Monday 20 September 2021
Crude Oil Price: security vacuum left behind by the US in the Middle East worries investors!
The price of crude oil significantly fell on Monday
defying the usually favourable factors to the contrary such as the drop in the
US crude oil inventories and the clear upward trend of global demand. As of 10:30 GMT, WTI and Brent recorded $70.51 and
$74.04 respectively; the prices of both benchmar…
Sunday 19 September 2021
How will crude oil markets react on Monday to diminishing Delta factor?
Analysts are keen on watching the crude oil markets
on Monday, especially after a lacklustre performance during the past few days,
despite a substantial drop in the US crude stocks. Both, the EIA, US Energy Information Administration,
and the API, American Petroleum Institute, reported larger-than e…
Saturday 18 September 2021
Anxieties still loom over the crude oil markets despite strong demand
The oil price recorded a modest rise this week
despite the significant drop in the crude stocks in the world’s biggest
consumer of the commodity, the US. Both the API, American Petroleum Institute, and the
EIA, US Energy Information Administration, came up with the encouraging numbers
that showed a …
Thursday 16 September 2021
EIA and API show record US crude inventory draws: demand seems to be finally on track
The anxieties that gripped the crude oil markets may
die down in the coming weeks as the US crude oil inventories fell by
significant numbers, according to the latest data from the two most prominent
agencies in the field. The latest, from the EIA, US Energy Information Administration,
shows an inve…
Wednesday 15 September 2021
Why does the price of crude oil record a modest hike, despte the concerns over supplies?
Despite the rising demand for crude oil, especially
in the developed world, the rise in price of crude oil has been modest in
recent days. The API, American Petroleum Institute, for instance,
declared on Tuesday that the weekly draw for the previous week was 5.437
million barrels, 1.534 million bar…
Tuesday 14 September 2021
Norway' s Election Results: the victory of the Left may add more uncertainties to the fossile fuel markets
Norway, the Scandinavian nation that is Western’s
Europe’s major oil producer, is about to get a government led by its Labour
party in the coming days. The opposition led by Labour party achieved a
landslide victory, gaining over 100 seats in 169-seat parliament in which the
winning party just need…
Sunday 12 September 2021
Perpetuating oil supply uncertainties: US removes air defence system and Patriotic batteries from Saudi Arabia
It’s confirmed that the US has started removing its
state-of-the-art air defence system and the Patriotic missile batteries from
Saudi Arabia for reasons unknown to the rest of world, leaving the move open to
various interpretations. Saudi Arabia has been under attack by Houthis from
neighbouring Ye…
Friday 10 September 2021
The phone call between the two economic superpowers ignites the optimism in the crude oil markets
The phone call between President Biden and President
Xi of China, after a lull of seven months since the first of that kind being
made, helped Asian markets make some gains in the early hours of trading. It is
felt in the crude oil markets as well. Following the unexpected conversation, both sides
s…
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- Fossil fuels are not going away even after 2045 - ...
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