Oil prices show no sign of irreversible recovery, defying model based predictions

The price of crude oil remains in the volatile territory, despite the encouraging news on the Chinese factory activities, indicated by its long-waited Manufacturing Managers' Purchasing Index, known as the PMI; it has gone up by 2.6% in February, relative to what it was in January, 2023. Investo…

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China's heightened industrial activities temporarily lift the mood in crude oil markets

China's manufacturing activity in February, judging by its latest data on manufacturing purchasing managers' index, the PMI, has beaten forecast and recorded an impressive record - 52.6%. It is the most reliable gauge of manufacturing activity in China and an index above and below 50% indica…

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Crude oil prices continue to remain static as crude inventories build

The price of crude oil has remained static during the first three days of this week, completely in line with the recent trend. As of 16:20 GMT, the price of WTI, Brent and LNG, liquified natural gas, recorded $74.62, $81.31 and $2.19 respectively - hardly a significant deviation from the recent, res…

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Why did the US crude stocks go up so high in a week?

The US crude stocks have gone up in an unprecedented way during the past week, defying the estimates of the seasoned analysts, leaving the crude oil markets in a state of confusion, at best and a state of panic at worst.  On Tuesday, the API, American Petroleum Institute, released its weekly data th…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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