The price of
WTI and Brent recorded $96.35 and £102.61 at 07:30 GMT respectively on Monday
morning. With even the vital energy markets not being insulated in the current
conflict, it can even go further up dramatically unless sanity prevails in the
coming days. The struggle
in many global economies,…
Monday 28 February 2022
Thursday 24 February 2022
Oil price goes through the roof after Ukraine invasion
The unthinkable did happen, in the end;
Europe sees the biggest military conflict since the Second World War and President
Putin’s ominous warning against interference is reverberating across the world. The anxiety is palpable and the stock markets
across the world just reflects it. As the news of t…
Monday 21 February 2022
Oil price: volatility continues in the crude oil markets
The fluctuations
of the crude oil prices continue unabated, sandwiched between the volatility along
the border between Russia and Ukraine and the optimism about the revival of the
JCPOA, 2015 Iranian nuclear deal. On military
front, the Security Council Meeting of Russia, convened hurriedly by Presi…
Sunday 20 February 2022
Optimism about Iran's entry into crude oil markets gathers momentum!
Optimism about Iran's entry into crude oil markets gathers momentum! The relatively
optimistic – and less confrontational - atmosphere at the talks involving the
signatories to the JCPOA, 2015 Iran nuclear deal, have made analysts taking an intense
interest in the development – once again. Last …
Wednesday 16 February 2022
Oil Price: is Iran ready to enter the crude oil markets, finally? Foreign minister implies so!
The price of
crude oil that fell yesterday in the aftermath of the Russian announcement of
troops going back to their barracks from the border with Ukraine, has started
its upward trend again, when the West expressed scepticism over the move. As of 14:00 GMT,
the price of WTI and Brent were at $93.…
Monday 14 February 2022
Oil Price: it is nearing the psychologically signifcant $100, a barrel!
The price of
crude oil is approaching $100 a barrel and the geopolitical tension involving
Russia and the West that shows no sign of abating will finally determine the psychologically
important benchmark in the next few days. As of 16:00
GMT, the price of WTI and Brent stood at $93.62 and $94.72 re…
Thursday 10 February 2022
Will the rising oil price become a drag on global consumption?
Although the
price of crude oil is hovering around $90 a barrel as of now, the US crude oil
inventories dropped for two successive weeks, implying that the demand is in
the recovery mode despite the surge in relatively mild Omicron variant of the Coronavirus. The EIA, US
Energy Information Administr…
Wednesday 2 February 2022
OPEC+ sticks to 400,000 bpd increase for March as markets remain bullish
The monthly OPEC+ meeting ended with no significant
change in policy, with members agreeing to maintain the status-quo; that means,
the members are collectively adding additional 400,000 bpd in March too. The group was much more optimistic about the
short-term demand than they were in the last quart…
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