The release of 1 million barrels of gasoline may not make a dent in the energy prices

With just six months to go before the presidential election in the fall, the Biden administration of the US appears to be taking the task of taming the inflation much more seriously than it did in the past few months. In this context, the announcement made by the DoE, Department of Energy, on May 21…

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Cracks Appear in OPEC+ Facade as Kazakhstan Seeks Production Hike

The OPEC+ alliance is bracing itself for yet another acid test in the next few days, as Kazakhstan, a key member from the Central Asian region, said on Tuesday that it wanted to have a bigger quota in 2025, when the currents oil output cuts expire. Unless the members of the OPEC+ settle the dispute …

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Stagnating Oil Prices: can OPEC+ ever provide the crucial spark?

The members of the OPEC+, who met virtually last week, decided to leave the production cuts unchanged, perhaps in light of stagnating oil prices.  Having failed to shore up the prices by tinkering with the supply side of the oil equation, the de facto leader of the organization, Saudi Arabia, even t…

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The latest blow to the oil markets: Chinese manufacturing activity slows down again!

With the latest manufacturing data from China that shows a relative slowdown, compared to March, both the traders and investors have been compelled to accept the inevitable; it is neither easy nor feasible to shore up the oil and gas prices in the current circumstances. According to China's Nati…

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Mideast Strike Fizzles: Oil Prices Dip Despite Geopolitical Jitters

The energy markets breathed a sigh of relief on Friday, as the military conflict between the arch-enemies in the Middle East, Israel and Iran, appeared to have subsided - at least, for now. As the news trickled in about an Israeli strike inside Iran in the morning on Friday, it was not clear what re…

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Will Iran attack Israel soon? Only time will tell!

Credit: Google Maps With Iran's threat against Israel in a direct strike, the tension in the Middle East went up a few notches on the scale of uncertainty, as the United States made it clear once again that it would not be a passive observer if a conflict erupts. The rising tension came in the wa…

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The Sun goes on Vacation: total solar eclipse - April 8, 2024

The lucky folks along a relatively narrow geographical band, from Mexico all the way to Canda, are going to witness a rare celestial spectacle on Monday, April 8 – a total solar eclipse. The path of totality – where people can witness total darkness - cuts across fifteen US states, before rolling i…

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Strong economic data from China boosts oil prices!

With China's manufacturing sector returning to the expansion territory in March, recording the highest manufacturing PMI since September, 2023, the economic outlook of the world's second largest economy depicts a positive picture - at last. The announcement on Sunday by China's National …

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