The Great Oil Resilience: Why Global Prices Aren't Rising Despite the Venezuelan Conflict

The deployment of a naval armada on December 16, representing approximately fifteen percent of total United States military assets near Venezuela, marks a transition from diplomatic pressure to active kinetic operations.  This massive military presence has severely restricted the options available t…

Read more »

The US seems to be refilling SPR amid declining oil prices - but as fast as it could!

The bearish sentiment in the crude oil markets continues unabated, despite the substantial drawdowns in US crude oil inventories. According to the American Petroleum Institute (API), US crude inventories fell by 4.8 million barrels and 2.48 million barrels respectively, during the last two weeks. As…

Read more »

Bearish Mood Drags Oil Prices towards Mid-$50 Mark!

Oil prices appear to be trending toward the mid-fifty dollar mark, a trajectory many analysts predicted months ago. As of 11:37 GMT on Wednesday, West Texas Intermediate (WTI) was priced at $57.09 and Brent crude at $62.23. The price continues its steady decline despite a reported fall in US crude s…

Read more »

⛽ Oil Prices Fall Despite Venezuela Jitters

Global oil prices dropped on Friday before the weekend close, recording a second consecutive week of losses. As of 18:00 GMT, WTI crude stood at $59.75 and Brent at $63.63 per barrel. This decline occurred despite analyst predictions that the lingering threat of U.S. action against Venezuela would c…

Read more »

🛢️ Comprehensive Oil Market Update: Oversupply and Geopolitical Headwinds

The prices of crude oil are currently experiencing their longest losing streak since mid 2023, a clear reflection of market concerns over global oversupply. The core issue driving prices down is the overwhelming supply. On one hand, the United States, the world's largest crude oil producer, cont…

Read more »

Oil Prices Tumble on Oversupply Fears: potential low point or a sustained average?

Oil prices fell sharply on Monday as markets opened, driven by forecasts suggesting prices could drop below $50 a barrel in 2026 if current trends persist. Both the U.S. Energy Information Administration (EIA) and Goldman Sachs have projected that crude oil could settle in the $50 to $52 range next…

Read more »

Crude oil prices turn bearish, in anticipation of the next OPEC+ move

The price of crude oil became bearish on Wednesday as speculation about the outcome of the next OPEC+ meeting on Sunday shifted towards another possible production increase. In August, the group had already agreed to increase output by 547,000 barrels per day in September.  If this trend continues, …

Read more »

Crude Oil's Geopolitical Gamble: Peace, Production, and a Potential Powder Keg

The price of crude oil is being influenced by two opposing forces. On one hand, there's a growing possibility of a peace deal, not just a ceasefire, between Ukraine and Russia. This is more likely now than it was just a few days ago. Additionally, OPEC+ has been increasing its output to remain …

Read more »

China's Manufacturing Sector Shrank again in July!

China's manufacturing sector showed a clear sign of contraction in July 2025, amid escalating trade tensions between the world's two largest economies. The Chinese manufacturing Purchasing Managers' Index (PMI), a key indicator of manufacturing activity, fell from 49.7 in June to 49.3 i…

Read more »

Mideast Tensions Flare, Then Fizzle: Syria's Near Miss and the Unexpected Calm in Oil Markets

The never-ending volatility in the Middle East took yet another turn for the worse this week, when the Druze community in Syria came under attack from some sections of the Bedouin tribes in Syria; the closer relations of the former with the state of Israel made an already tense situation even worse…

Read more »