The price of crude oil continues to fall as the increased demand from China did not buckle the trend, something that was anticipated by a large number of analysts. Falling banking stocks in Europe over the state of Credit Suisse dealt a further blow to the beleaguered markets this week. In addition,…
Friday 24 March 2023
Friday 17 March 2023
Banking crisis weighs heavily on the crude oil markets
The significant fall of crude oil price on Wednesday that was attributed to the troubles in the banking sector, slightly eased on Thursday, as the Swiss Central Bank came forward to throw a financial lifeline to Credit Suisse bank for its survival. Credit Suisse, the second largest Swiss bank, is a …
Wednesday 8 March 2023
Oil prices show no sign of irreversible recovery, defying model based predictions
The price of crude oil remains in the volatile territory, despite the encouraging news on the Chinese factory activities, indicated by its long-waited Manufacturing Managers' Purchasing Index, known as the PMI; it has gone up by 2.6% in February, relative to what it was in January, 2023. Investo…
Wednesday 1 March 2023
China's heightened industrial activities temporarily lift the mood in crude oil markets
China's manufacturing activity in February, judging by its latest data on manufacturing purchasing managers' index, the PMI, has beaten forecast and recorded an impressive record - 52.6%. It is the most reliable gauge of manufacturing activity in China and an index above and below 50% indica…
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...
-
Judging by the reaction on impulse, the production cuts announced by the OPEC+ on Wednesday, has clearly left the Biden administration of ...
-
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...
TOP CATEGORIES
Labels
Crude Oil Prices
(513)
Global Politics & Energy
(513)
Crude Oil Prices
(10)
featured
(4)
Gas Prices
(518)
Global Politics & Energy
(11)
Oil & Gas Market Analysis
(521)