Revival of the JCPOA: signatories appear to be closer to a deal - this time!

With a significant loss of global oil supply in the offing due to sanctions imposed on Russia, the West - and the rest of the world too - are scrambling for alternatives in order to keep the impending supply squeeze at bay. The IEA, International Energy Agency, is predicting that that Russia will lo…

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Rising crude oil prices: is the dreaded demand destruction in the offing?

Despite the relative rise in crude oil prices in the markets in the early hours on Wednesday, the downward trend started continuing once again as the day wears on. As of 10:35 GMT, the prices of WTI and Brent were at $95.62 and $99.13 respectively. The fall in prices on Tuesday, perhaps, may have st…

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Oil prices defy market sentiments!

The price of crude oil fell on Monday morning in Asian markets, much to analysts’ surprise, defying the conventional logic. With the Russian oil imports banned in the US and UK and the revival of the JCPOA, 2015 Iran nuclear deal, back in the doldrums, analysts in the realm of crude oil anticipated …

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Oil Price Rises again, after the sharp fall on Wednesday

The price of crude oil that fell almost by 11% on Wednesday appears to be gaining momentum again in the upward direction. As of 14:45 GMT, the price of WTI and Brent were $109.68 and $112.89 respectively. The price of crude oil that went past $130 on Wednesday, fell sharply in the evening, partly, in…

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Reviving the Iranian Nuclear Deal: is Russian factor, the latest acid test?

Having seen eye to eye on many global issues, ranging from the war in Syria to the early stages in the Ukraine-Russia military conflict, especially when it came to the role of the NATO, the relations between the two OPEC+ members may suffer if Russia drags its feet over it, citing its own interests…

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Steep rise in Oil Price: will it go exponential?

The price of crude oil almost briefly touched $130.00 over the fears of a long drawn out conflict between Ukraine and Russia. Although the Russian oil has not come under the punishing Western sanctions yet, the speculation is rife that it will be the next. As of 11:45 GMT, the price of WTI and Brent…

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Russia Ukraine Crisis and Crude Oil Markets: there is still a ray of hope for peace!

With the price of crude oil already reaching 14-year high, the stakes cannot be any higher for the global economy as a whole. As of 12:45 GMT, WTI and Brent recorded $110.45 and $112.69 respectively. The anxiety in Europe on many fronts is palpable and may soon drift out towards the periphery of the…

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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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