Crude Oil Markets: the lingering ominous threats

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,…

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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…

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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…

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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 …

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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.…

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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…

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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…

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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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Rising oil and gas prices make coal a key component to reckon with in energy markets

The rise of oil price continues unabated as the oil producing regions experience serious political upheavals. The desperate measures such as the release of SPRs, the Strategic Petroleum Reserves, did very little to mitigate the impact on the consumer grievances in the face of rising inflation. The p…

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Rising oil prices and the inevitable US crude inventory build

The price of crude oil fell on Thursday in light of the second successive crude inventory build announced by the EIA, the US Energy Information Administration, on Tuesday. The EIA reported an inventory build of 2.4 million barrels for the week ending January, 21. It is a significant build, compared…

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Conflicts in the Eastern Europe and Middle East push the crude oil prices down

As the conflict between Ukraine and Russia intensifies, the crude oil prices stumbled in the crude oil markets, falling from the record prices on Friday, last week. The prices started falling despite the involvement of a key player in the global energy markets in the growing conflict. The NATO, meanw…

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Border Conflict between Ukraine and Russia: the energy crisis can only get worse!

Crude oil prices have reached 7-year high with Brent approaching $90 a barrel, if the current momentum of the upward trend remains this way. As of 10:00 GMT, the price of WTI and Brent stood at $86.52 and $87.73 respectively. The rising energy prices and the inevitable inflation that stems from the …

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Growing drone threats against oil facillities in the Middle East

The suspected drone attack at the heart of the UAE, United Arab Emirates, has escalated the prevailing tension in the region to a dangerous new level, with repercussions directly affecting the energy markets. In the aftermath of the attack, the crude oil price rose in the international markets. As of…

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Will the API confirm the consistent decline in the US crude inventories?

The price of crude oil has lost its upward momentum on Tuesday, but still remains relatively high in light of growing demand for the commodity. On Monday, there was a substantial increase in the price of natural gas, LNG, and in proportion, the price of crude oil went up too. The price of LNG, howeve…

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Crude oil supply woes: unrest in Kazakhstan, Libya and Nigeria cause major conerns

As the US crude oil inventories have been falling consistently since November, new concerns have been growing in the same proportion about the scale of the challenges, when it comes to meeting the mounting demand. The unrest in Kazakhstan, the former Soviet Republic in Central Asia, the worsening s…

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