Plummeting temeratures in China adds more pressure on energy markets

The price of oil and other commodities is one of the hot topics in the corridors of power in the world, regardless of the economic status of the country in question, because the rising price of oil, gas and coal have already taken its toll on the recovery of the global economy as a whole, despite t…

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Factors that moved the crude oil price this week

Oil price fell slightly this week, having been through unprecedented uncertainty. It, however, neither fell disastrously nor increased dramatically due to outbreaks of the Delta variant of the Covid-19 and projected recovery in global demand respectively. The sole focus of attention was on the OPEC+…

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What caused the significant fall in crude oil price on Wednesday? There may be more than one reason!

The price of crude oil recorded a relatively sharp fall on Wednesday, defying the ‘prophesies’ of certain investment banks. As of 16:00 GMT, the price of WTI and Brent stood at $80.82 and $82.04 respectively, a fall of more than 3%. The key reasons behind the fall of oil price may be the following: C…

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With the Revival of the JCPOA in Jeopardy, Crude Oil Price Can Only Go in One Way: it's up!

The probability of reviving the JCPOA, 2015 Iranian nuclear deal, appears to be heading towards the statistical minimum at present, judging by the rhetoric from the new Iranian administration led by President Raisi and the latest US position highlighted by none other than President Biden on Sunday. …

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Chinese energy shortages may be local, but consequences are global!

Although the price of crude oil went slightly down this week, having reached a seven-year-high value, analysts do not anticipate a precipitous fall in the coming weeks, especially when the winter is on the horizon as far as many industrialized nations are concerned. As of 18:00 GMT on Friday, the t…

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China tackles coal shortage with touch measures on speculations and hoarding

The price of crude oil fell on Wednesday, something that certain analysts were quick to associate with the US crude oil builds during the past week, confirmed by the latest data. The API, the American Petroleum Institute, said on Tuesday that the US crude inventories rose by 2.3 million barrels for …

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Turing to coal can wipe out years of achievements on reducing carbon emissions

The price of crude oil continues to rise in the international markets, leaving the political leaders across the world in an anxious lurch, when manufacturing hubs have acutely start feeling the pinch due to rising energy costs. As of 2:00pm GMT, the prices of WTI and Brent were at 7-year-high, with …

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Crude oil price to go up due European Gas Crisis: Moldova declares energy emergency!

Moldova, the former Soviet Republic sandwiched between Ukraine and Romania, declared a state of energy emergency in the afternoon on Friday, increasing the pressure on natural gas markets and of course, oil markets too as an inevitable consequence in the end. Russian energy giant, Gazprom, had been …

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European gas crisis seems to be on the wane

There are good signs that the European gas crisis that reached an alarming level during the past few weeks is finally easing, as the very natural factors that triggered it off, appears to be in the reverse mode. As far as the United Kingdom is concerned, as of Tuesday, the share of renewables to the…

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China's Economic Woes in the Q3: how will it affect the global energy markets?

China admitted on Monday that its economic growth slowed down in the third quarter, Q3 and cited the main causes behind it. The power outages come at the top of the list, followed by the supply bottlenecks, woes in its vast property sector and of course, the random outbreaks of the Delta variant of …

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The Great Energy Jigsaw: rising commodity price, rig count and US crude inventories

The oil price is on the rise and so is the US rig count – and US crude inventories - yet there are no signs of oil price reaching equilibrium, safeguarding the interests of both the consumers and producers. The rising oil price is affecting the consumers and economists warn about an inflationary sto…

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