Oil prices rise desptie the uncertainties surrounding the OPEC+ meeting

The crude oil price is on the rise again and the markets hope that there will not be an over-supply in the event of OPEC+ deciding to increase the production in August – and in unison. The request made by the Russian oil minister for pushing back the meeting on the grounds of ‘ presidential commitme…

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OPEC+ Meeting: output hike is very likely!

Crude oil markets have been anxious ahead of the OPEC+ meeting, perhaps, anticipating an increase in output by the member nations. The natural inertia, given the current crude oil price, is to let it stay where it is by justifying it on the ground of covering past losses and getting the investment …

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Oil Price: did the crude oil markets react to the US air strikes?

The price of crude oil fell on Monday morning in the Asian markets, which may show cascading effect in the European markets too during the day. The early market reaction is not something expected; it is most probably a knee-jerk reaction to the air strikes carried out by the US in Iraq and Syria, ta…

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CCS: Carbon Capturing and Storage – major challenges remain unsolved

Ever since the lofty ambition of achieving net zero emission by 2050 came about, it has been gathering momentum at an impressive rate year-on-year in the realm of global politics. Since we are not left with many options to minimize the CO 2  emissions, unless we ditch the use of fossil fuels altoget…

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OPEC+ position amidst rising crude oil price

With the rising crude oil price, the OPEC+ is once again under an intense spotlight in the run up to its next monthly meeting, scheduled to be on July 1. In the past, although the suspense had been building for weeks before such meetings, the outcome turned out to be neither dramatic nor exciting; m…

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Oil Price rises with the fall of crude oil inventories, both in the US and Germany

The gradual rise in price of crude oil continues on Thursday, further buoyed by the latest data from the EIA, indicating a sharp drop in US crude inventories. In fact, the drop exceeded analysts’ expectations. It means the recovery of demand is on track and irreversible with the engine of growth ste…

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Prospects of reviving the Iranian nuclear deal fades away; OPEC+ is back under spotlight

The prospects of a success in reviving the JCPOA, 2015 Iranian nuclear deal, is slowly turning into a desert mirage, keeping a grand audience of investors, traders, analysts and of course and of course, men and women in the street in a state of confusion; it’s not a spectacle to watch that in turn …

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Oil price rises: demand breeds dynamism, eclipsing political factors

The price of crude oil gained momentum at the weekend again, as the possibility of a deal being struck during the sixth round of talks among the signatories of the 2015 Iran nuclear deal in Vienna, Austria, diminished. The talks, however, are going to resume in a few days’ time after the teams invol…

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Reviving the 2015 Iran Nuclear Deal: there will be 7th round of talks

According to the Iranian Deputy Foreign Minister, Abbas Araghchi, all Joint Comprehensive Plan of Action (JCPOA) agreement documents were almost ready. He said it on Sunday after the end of the sixth round of talks. He, however, added, “but it requires decisions that mainly have to be made by the ne…

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Psychological booster for crude oil markets: covid-19 infections in India in decline

The crude oil price dipped on Thursday and it was solely attributed to the weaker-than-expected US economic data that in turn made the US dollar stronger. The mood in the markets was not lifted up, even after a relatively successful summit between President Biden and President Putin in Switzerland; …

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Significant Crude Oil Inventory Draw Predicted: oil price keeps rising

The API, American Petroleum Institute, in its latest forecast, indicates a significant crude oil draw for the week ending June 10. The same from the EIA, the US Energy Information Administration, is yet to be released for the same period. The API figure, 8.573 million barrels, is more than twice wha…

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Rate of oil price surge: will the politicians get involved again to cap the price?

The price of crude oil is steadily rising and its ceiling, if any, is anybody’s guess at present, because getting a perfect prediction by analysing past data, by means of an Excel spreadsheet or the ‘best’ available ML algorithm, is like predicting the exact date and ferocity of the first Atlantic …

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Iran forms trilaterals, and quadrilaterals with its neighours to woo investment in energy sector

As the talks to revive the 2015 nuclear deal enters the sixth round in Vienna, Austria, involving the signatories to the deal, Iran does not seem to have lost its hope for the sanctions being lifted, despite the mixed signals that come from Tehran. There are plenty of indications to support the idea …

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India sees normalcy returning; rise in oil price causes a political stir, though

India, having been through one of the deadliest outbreaks of the Coronavirus in the world, is finally seeing a steady decline, both in the rate of infections and deaths. In proportion to the encouraging news, the commercial activities are slowly limping back to normal, despite being nowhere near wha…

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