Rising oil and gas prices make coal a key component to reckon with in energy markets

The rise of oil price continues unabated as the oil producing regions experience serious political upheavals. The desperate measures such as the release of SPRs, the Strategic Petroleum Reserves, did very little to mitigate the impact on the consumer grievances in the face of rising inflation. The p…

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Rising oil prices and the inevitable US crude inventory build

The price of crude oil fell on Thursday in light of the second successive crude inventory build announced by the EIA, the US Energy Information Administration, on Tuesday. The EIA reported an inventory build of 2.4 million barrels for the week ending January, 21. It is a significant build, compared…

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Conflicts in the Eastern Europe and Middle East push the crude oil prices down

As the conflict between Ukraine and Russia intensifies, the crude oil prices stumbled in the crude oil markets, falling from the record prices on Friday, last week. The prices started falling despite the involvement of a key player in the global energy markets in the growing conflict. The NATO, meanw…

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Border Conflict between Ukraine and Russia: the energy crisis can only get worse!

Crude oil prices have reached 7-year high with Brent approaching $90 a barrel, if the current momentum of the upward trend remains this way. As of 10:00 GMT, the price of WTI and Brent stood at $86.52 and $87.73 respectively. The rising energy prices and the inevitable inflation that stems from the …

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Growing drone threats against oil facillities in the Middle East

The suspected drone attack at the heart of the UAE, United Arab Emirates, has escalated the prevailing tension in the region to a dangerous new level, with repercussions directly affecting the energy markets. In the aftermath of the attack, the crude oil price rose in the international markets. As of…

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Will the API confirm the consistent decline in the US crude inventories?

The price of crude oil has lost its upward momentum on Tuesday, but still remains relatively high in light of growing demand for the commodity. On Monday, there was a substantial increase in the price of natural gas, LNG, and in proportion, the price of crude oil went up too. The price of LNG, howeve…

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Crude oil supply woes: unrest in Kazakhstan, Libya and Nigeria cause major conerns

As the US crude oil inventories have been falling consistently since November, new concerns have been growing in the same proportion about the scale of the challenges, when it comes to meeting the mounting demand. The unrest in Kazakhstan, the former Soviet Republic in Central Asia, the worsening s…

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Oil prices rise again: investors are active in the buying trend

Crude oil prices continue to rise despite the anticipated collective release of SPRs, strategic petroleum reserves, by the leading economies. As of 09:30 on Friday, the price of WTI and Brent stood at $80.06 and $82.60 respectively. Although the OPEC+ estimated an oil glut in the first quarter of 20…

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Latest OPEC+ meeting when the recovery of demand remains steady

The monthly ministerial gathering of the OPEC+ members takes place on Tuesday as the recovery of the demand continues steadily, despite the rapid spread of the Omicron variant of the Coronavirus. With the revival of the JCPOA, 2015 Iran nuclear deal, oscillating between mild optimism and abject fail…

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Reiving the Iranian Nuclear Deal: will the latest talks result in a success at last?

The negotiators from Iran and the rest of the signatories to the JCPOA, 2015 nuclear deal, are back in Vienna, the Austrian capital, to resume the negotiations, which was halted a week ago in light of Christmas holidays. The Iranian team projected a sense of optimism this time while Iranian foreign…

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Wishing you a Merry Christmas & Happy New Year!

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Falling US crude inventories keep oil price steady despite Omicron outbreaks

The US crude oil inventories have been falling steadily since the end of November, clearly indicating a strong correlation with the falling prices of the commodity in the international markets. The API, American Petroleum Institute, released its data on Tuesday that showed a fall of 3.67 million bar…

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Omicron surge in Europe takes its toll on crude oil price

The price of crude oil started falling on Monday, clearly indicating the impact on the demand by the surging Omicron across Europe. It is a body blow for a range of industries that had been waiting to breathe a sigh of relief during the Christmas period, having immensley suffered almost for two yea…

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OPEC+ sees over 17.6% global growth in the next 25 years

Global Oil prices have tumbled, yet the OPEC+ sees the light at the end of the tunnel, after revising its previous gloomy forecast for the first quarter, 2022; the cartel sees an increase in demand for the period, despite the risk of global spread of the Omicron variant of the Coronavirus. Its lates…

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Oil Price: the failure to reviving the JCPOA and its direct impact on crude oil markets

The price of crude oil fell again on Monday in the markets, perhaps over the fears of yet another potential conflict in the Middle East, involving Iran, the West, the Sunni Arabian powers in the region and of course, Israel. Although the signatories to the JCPOA, 2015 Iranian nuclear deal, are meeti…

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