The next meeting of the OPEC+, the Organisation of
Petroleum Exporting Countries plus Russia, on April 1, does not seem to be
boosting the market enthusiasm unlike on the previous occasions. The muted response stems from the fact that Saudi
Arabia, the de facto leader of the organization, is stubbo…
Wednesday, 31 March 2021
Tuesday, 30 March 2021
Crude Oil Price after Suez Saga: price fluctuates, but market sentiment remains positive
As the Suez Effect has died down, the oil price seems
to be heading towards its equilibrium – the position it generally held before
the maritime incident; it’s premature to call it a crash, though. It is true there is a serious risk of some European
nations going back into lockdown; there are relati…
Monday, 29 March 2021
The Suez Factor: oil price drops; the rate of fall slows down
As the news spread about the partial success of refloating
the megaship, Ever Given, the oil price went down in the early hours of Monday;
the rate of drop, however, has slowed down in proportion to the angle of
rotation of the vessel as if there was a mathematical correlation between the
two. On S…
Sunday, 28 March 2021
Oil Price and Lingering Suez Factor
The container ship that has been stranded in the
Suez Canal since Wednesday has moved about 100ft into the middle of the canal
from where it was, according to the latest report. When it’s going to be at the centre of the canal,
however, is anybody’s guess at present; it appears to be much complicat…
Friday, 26 March 2021
Oil Price: the effect of triple whammy pushes the price up
The price of crude oil, which went down yesterday,
rose again today, perhaps due to the fact that the yesterday’s optimism about a
quick solution for getting the stricken tanker on track in the Suez Canal was
grossly misplaced. That means the global oil supply are going to be
affected in the short …
Thursday, 25 March 2021
Oil price: the Suez Canal factor and the role of sentiment
The oil price that had been going down at an
alarming rate in the last two weeks, got a catalyst on Wednesday morning out of
the blue, when a massive cargo ship ran aground in the Suez Canal in the middle
of a storm. With a gigantic obstacle blocking the path in the
busy waterway, tankers have been …
Tuesday, 23 March 2021
Oil Price: the fear of a third wave takes its toll on the markets
The oil price went down substantially today despite
the encouraging news from airline industry about a slow, but steady recovery. The hopes, unfortunately, were dashed when the new
data emerges from India shows there is a steep rise in Covid-19 in India,
especially in Maharashtra state where the com…
Monday, 22 March 2021
Airline Industy: a ray of hope - at last
The optimism in the airline industry about gradual
return to normalcy is, after all, not just wishful thinking of those who have
been severely hit by the pandemic; it is realistic, indeed. The number of planes in the Skies in the US and UK
speaks volumes; in the UK, around Heathrow, there are plenty…
Sunday, 21 March 2021
Airlines back in the skies: will the demand of jet fuel recover fast?
The airline industry, which was dealt a severe blow
by the pandemic, shows the signs of recovery in America and Asia, judging by
the number of planes in the skies over major airports in the two continents. If the latest trend continues in the face of accelerated
vaccine drives, the analysts estimat…
Saturday, 20 March 2021
Oil Markets: the US responds to Saudi concerns about the global oil supply in the wake of drone attacks
Oil price that showed a downward trend up until
Thursday, this week, stated going up at a modest pace on Friday with a brief
dip during the day, when the Saudi oil facility near capital Riyadh were
attacked by Houthi rebels of Yemen. Saudi Arabia admitted it came under attack and the
situation was u…
Friday, 19 March 2021
Oil Price: drone attack on Saudi oil facility reversed today's oil gains
Oil price was in the green territory for most of the
day before dipping considerably in response to the latest drone attack on Saudi
oil facilities by Yemen’s Houthi rebels. The price recovered when the Kingdom said there was no serious damage to the facility in question. Saudis admitted one of its o…
Thursday, 18 March 2021
Oil Price: US crude oil inventories are back at play in the price equation
The oil price
has been in decline for the last few days, losing the momentum it used to have up
until the latest OPEC+ meeting on March 4. On some days,
the prices of both WTI and Brent were high in the early hours on Asian markets;
they, however, quickly died down, falling in line with the current …
Wednesday, 17 March 2021
The Chasm between Saudi Arabia and India over Oil Supply Widens – possibility of unintended consequences
There is a growing rift between India, the world’s third
biggest oil importer – and consumer – and Saudi Arabia over the supply of crude
oil to the global markets. India maintains that the unilateral cut of 1 million
bpd by Saudi Arabia, in addition to what was agreed by the OPEC+, is ‘artificial’
a…
Monday, 15 March 2021
US becomes India's second largest crude oil supplier; Saudis have fallen to 4th position
Dharmendra Pradhan, the Petroleum and Natural Gas Minister
of India, says that he is in talks with major oil-producing nations in order to
bring down the crude oil price that has hit hard both the consumers and
industrialists. Mr Pradhan said this in the wake of criticism in
certain sectors in Indi…
Sunday, 14 March 2021
Oil Price: crude tide hits the buffers; more momentum needed to hit above $70
Crude oil price that has been rising steadily for
weeks failed to creep into all-important $70 territory defying the expectations
of the analysts. There are concerns about a sluggish increase in
demand despite the impact of the pandemic being on the wane and vaccination
campaigns in full swing acros…
Saturday, 13 March 2021
Reliance of Texans on natural gas for heating and electricity
In February 2021, an unusual weather event, an
extreme winter weather front, brought the energy supply in the US state of
Texas under tremendous strain as never before. Not only did it set off alarm bells across the
energy sector, but also raised the concern about the logic of turning our back
on fo…
Thursday, 11 March 2021
The EIA forecasts a significant crude oil inventory draw in the coming weeks and hints shale oil revival
The EIA, the US Energy Information Administration, forecasts
a significant crude oil inventory draw in the coming weeks in response to the
strong demand of the commodity. According to its latest projections, the supply of
crude oil will remain constrained in the short term due to the recent OPEC+
de…
Wednesday, 10 March 2021
Government Taxes on Fuels: the figures that remain in the shadow of oil drums
The steep rise in oil price, relative to what it was
around this time last year, has led to a brewing storm in the sphere of global
politics with the OPEC+ at its centre. The governments in question – or politicians for
that matter – are looking for a scapegoat and they appear to have got a herd of…
Tuesday, 9 March 2021
Monday, 8 March 2021
Oil Price: Saudi Arabia increases crude oil price for the US and Asia - again
Having buoyed by the absence of an immediate threat
from the US shale producers, Saudi Arabia shows no sign of slowing down its
ambition to cash in on its position being the world’s top crude oil exporter. It raised the oil price for Asia and the US for the
second time in a matter of few months; it …
Subscribe to:
Posts (Atom)
Search for Articles
Popular Posts
-
On a determined mission to turn their back on Russian oil and gas, the European countries are simply staring into an abyss of uncertainty in...
-
The negotiators from Iran and the rest of the signatories to the JCPOA, 2015 nuclear deal, are back in Vienna, the Austrian capital, to r...
-
The sudden announcement by the OPEC+ - OPEC plus Russia - took us, the mere mortals, by surprise and it was a bolt from the blue, indeed. T...
-
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 s...
-
Judging by the reaction on impulse, the production cuts announced by the OPEC+ on Wednesday, has clearly left the Biden administration of ...
TOP CATEGORIES
Labels
Crude Oil Prices
(513)
Global Politics & Energy
(513)
Crude Oil Prices
(14)
featured
(4)
Gas Prices
(518)
Global Politics & Energy
(18)
Oil & Gas Market Analysis
(525)
Blog Archive
-
▼
2021
(261)
-
▼
March
(25)
- OPEC+ Meeting on Oil Production: only a miracle wi...
- Crude Oil Price after Suez Saga: price fluctuates,...
- The Suez Factor: oil price drops; the rate of fall...
- Oil Price and Lingering Suez Factor
- Oil Price: the effect of triple whammy pushes the ...
- Oil price: the Suez Canal factor and the role of s...
- Oil Price: the fear of a third wave takes its toll...
- Airline Industy: a ray of hope - at last
- Airlines back in the skies: will the demand of jet...
- Oil Markets: the US responds to Saudi concerns abo...
- Oil Price: drone attack on Saudi oil facility reve...
- Oil Price: US crude oil inventories are back at pl...
- The Chasm between Saudi Arabia and India over Oil ...
- US becomes India's second largest crude oil suppli...
- Oil Price: crude tide hits the buffers; more momen...
- Reliance of Texans on natural gas for heating and ...
- The EIA forecasts a significant crude oil inventor...
- Government Taxes on Fuels: the figures that remain...
- Plea for brining oil price down: India snubbed by ...
- Oil Price: Saudi Arabia increases crude oil price ...
- Sheikh Yamani and his Oil Prophesies
- Oil Price may hit above $70 soon: OPEC+ will not b...
- OPEC+ Meeting: production levels are going to rem...
- Oil Price and Production Cuts: markets watch the o...
- OPEC+ Under Pressure from Major Consumers in Asia ...
-
▼
March
(25)