A boost for oil prices! China's Manufacturing PMI Index is up after 4 months

In the ascending order of the ladder of relevance, there seems to be some good news as far as the stability of the crude oil markets are concerned; China has reported that a key index that reflects its manufacturing activity did cross the threshold in January, defying the gloom and doom that used t…

Read more »

Will Adani saga affect the price of crude oil - in the long run?

The prices of crude oil are heading for yet another weekly loss, as the conditions that first appeared to form a collective catalyst, are no longer viewed as strong as they were, when the sentiments started building up in the battered energy markets. As of 15:30 GMT, the prices of WTI, Brent and LNG…

Read more »

The catalyst that boosted the crude oil markets last week: Chinese Spring Festival

The investors of the crude oil markets managed to breathe a sigh of relief last week as the prices of the two benchmarks, WTI and Brent, remained fairly static, despite the unfavourable headwinds that blow across the markets.  The price of LNG, liquified natural gas, for instance, fell sharply and s…

Read more »

European Gas Prices Plummet.....

With the end of the winter just 4 week away, the gas prices in Europe did not skyrocket as anticipated by both investors and analysts - and feared - by the ruling elite. On the contrary, they have not just been falling, but plummeting. The price of gas that already had lost 50% from its peak last ye…

Read more »

Oil price: OPEC accounts for the insignificant price drop at pumps!

The price of crude oil dropped again when the markets opened for business on Monday. As of 14:00 GMT, the prices of WTI and Brent stood at $79.28 and $84.58 respectively. The price of LNG, liquified natural gas, meanwhile, was at $3.64, having come down by more than 50% since its peak last year. The…

Read more »

I asked ChatGPT to predict the price of crude oil using AI: this is what happened!

Throughout human history, the non-linear timeline of new inventions had always been punctuated by the dots of  skepticism at best and unbridled ridicule at worst. The men and women who shaped our way of living by their respective creations, something that we conveniently take for granted at present,…

Read more »

Epic fall of Gas Price in Europe and the Inevitable Impact on the Oil Price

The price of natural gas, LNG, has fallen more than 50% from its peak, when Russia invaded Ukraine. The unprecedented plummeting in price of the commodity has left both investors and analysts in a state of bewilderment, when they anticipated the polar opposite, especially at the height of winter se…

Read more »

Oil price: China's shrinking manufacturing activity affects the crude oil markets

Although the prices of crude oil slightly recovered from the steady downward trend, it is unlikely to reach the economically-crucial $100 a barrel anytime soon, even by the predictions of the fierce optimists - and chartists. The slight rise in price during the last few days, which is more of an ano…

Read more »

A temporary boost for oil price: the effect of bomb cyclone

As the US braced itself for the so-called bomb cyclone before the weekend, the oil price that has been plummeting for weeks, got a sudden boost and went up. As crude oil markets closed on Friday, WTI, Brent and LNG, liquified natural gas, stood at $79.56,$83.92 and $5.08 respectively.  It is obvious,…

Read more »

The epic fall of oil price

The price of crude oil has been falling for weeks and the US crude stocks are no longer the crucial factor that determines its trend. Had it not been for the relatively high price of LNG, liquified natural gas, the fall of oil price would have been much steeper and more painful for the producers. Th…

Read more »

Oil price: China's Manufacturing PMI Index falls sharply in November!

The oil price that rose for two successive days before the weekend, only to fall back to where it was during the most part of last week, rose slightly on Monday when markets were open for business.  Since a massive US crude draw could not lift the prices of crude oil and sustain it, the rise we witn…

Read more »

Oil Price: EIA data boosts the prices for two consecutive days - before falling back!

The price of crude oil that had been falling for three successive weeks, received a substantial boost this week from none other than the EIA, the US Energy Information Administration. The EIA reported a massive crude draw on Wednesday in its weekly report: there was a draw of 12.58 million barrels d…

Read more »