Israel and Hezbollah Agree to Ceasefire, easing volatility in Middle East

A tense standoff between Israel and Hezbollah has concluded with a brokered ceasefire. The deal, facilitated by the US, France, and Lebanon, marks a significant de-escalation in the volatility in the Middle East. Israeli Prime Minister Benjamin Netanyahu, under immense pressure from the US, reluctan…

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Russian missile attack pushed the oil prices up

Russia's unprecedented attack on Ukraine in the early hours on Thursday left the peace-loving world in a state of shock again, as there was a hope that an amicable solution could be found to the war with the incoming US administration in January next year. It was the first time an intermediate-r…

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How President Trump's second Term is going to shape the world - at least at outset!

Following a sweeping victory in the presidential election and securing full control of Congress, President Trump is gearing up for his second term. The Republican Party, also known as the GOP, has clinched the majority in the Senate and reached the pivotal 218 seats in the House of Representatives,…

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Oil prices keep falling even before the arrival of new US administration

The price of crude oil keeps falling as President Trump selects his top team, reinforcing the belief in the energy markets that there is enough oil in stock at present. As of 15:20 GMT on Wednesday, the prices of WTI and Brent were at $67.34 and $71.02 respectively. The gloomy market sentiments have …

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Impact of President Trump's re-election on the oil markets

With the comfortable victory over his rival, Kamala Harris, President Trump will certainly pursue his radical energy policies in order to deal with the crises in the energy sector, while sticking to his, 'Drill baby drill' policy. In anticipation of a supply boost in the near future, the oil…

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Days of Repentance: Israeli attack on Iran and impact on oil prices

The much-anticipated Israel strike, involving 140 fighter jets, against Iran in the wee hours on Saturday, reduced the tension somewhat in the Middle East as the Western leaders hope it would bring an end to the tit-for-tat cycle of attacks and counter attacks. Within hours of the unprecedented att…

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Great South Asian Thaw: ties between India and China limps back to normalcy!

The famous handshake between Indian Prime Minister Narendra Modi and Chinese President Xi Jinping at the BRICS summit in Russia signaled a potential thaw in the frosty relations between the two Asian giants. However, the path towards reconciliation has been fraught with challenges and setbacks. The …

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Global Oil Demand: IEA puts a damper on optimism of OPEC+ - again!

The IEA, International Energy Agency, put a damper on the recovery of oil prices again with the release of the latest report on the demand in the commodity. In its latest report, released in October, the IEA says the oil demand is poised to grow by approximately 890,000 barrels per day (kb/d) in 202…

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US missile attack in Yemen using B-2 stealth bombers: a menacing message to Iran!

The United States confirmed on Thursday that one of its long range stealth bombers, B-2, carried out an attack on Houthi targets in Yemen last night, in the area controlled by the Iran-aligned group. This is the first time the US used $1-billion aircraft against the Houthis; the US used these bomber…

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