5 Reasons why Brent Oil price got higher than $60 a Barrel
How come the price of Brent Oil price came back higher while the Coronavirus Pandemic and Lockdown continues worldwide?
What Drove Brent Oil Above $60 a Barrel? Last week oil prices returned to the pre-pandemic levels. What are the drivers behind this rally? Oil inventories declined, both in the US and globally. OPEC+ cut production and withh...
Why is Saudi Arabia in favor of Oil Production Cuts?
Oil Market. What are OPEC’s and its allies' real intentions?
Will OPEC and its allies prolong production cuts? Crude Oil displayed a sideways motion in the past days after various mixed data overshadowed the commodity’s activity. First, signs that OPEC and its allies could prolong productio...
How OPEC is looking Oil market's future expectations?
Geopolitical matters in the spotlight for the Oil Market.
In the previous days Saudi Arabia said that various attacks were placed on some Oil pumping stations, two days after two Oil tankers were sabotaged near the UEA. Many believe this was a minor attack placed from Iranian forces display...
Concerns over contaminated Crude Oil sent by Russia passing to Europe
Oil Market Outook. Can Oil prices keep up the pace?
Contaminated oil from Russia? An issue surfaced in the previous days when Russia sent crude Oil through a pipeline passing to Europe. Oil specialists found contaminated oil with high levels of organic chloride a chemical used durin...
Venezuela imports oils for the first time since 2014
Oil Market Outlook - Bullish tendencies exist.
In the previous days, Mike Pompeo, the United States Secretary of State, announced his country will not be giving any more exceptions to other countries purchasing Iranian Oil. The announcement indirectly stated that all countries do...
OPEC continue supply cut while booming American production
Oil Market Outlook - Are Crude Oil prices heading to 70 USD per barrel?
Oil prices advanced to new yearly highs on Tuesday, after a U.S. official said Washington is could be enacting further sanctions on Iran and a key Venezuelan export terminal halted operations. Then again, Oil prices displayed sensitiv...
Will US reduce the number of sanctions waivers to control Iran's oil exports?
Oil Market Outlook - OPEC plus group remains in control.
Oil prices rose on Tuesday as members of the OPEC group remain in line with supply cuts while at the same time, expectations of lower U.S. inventories offset worries about weaker demand due to an economic slowdown. However yesterday’s...
How are Iran, Venezuela and the US changing the Oil market?
Oil Market Outlook - Is the market balanced or lopsided?
Oil prices came under support during the past days and were uplifted further on Wednesday when the EIA weekly reading was released with a huge drawdown of -9.6M barrels opposing a surplus forecast various analysts made. Adding to that...
Will Asia increase gasoline/naphtha demand in 2019?
Oil Market Outlook - Is the US the perfect supplier for Asia?
Yesterday, the U.S. Energy Information Administration’s weekly count indicated crude oil inventories dropped by 3.86 million barrels versus the previous week inventories which surged by 7.07 million barrels. This gave an extra upward ...
Commodity, Gold and Oil - 2019 Comprehensive Market Outlook
2019 full market report for CFD online traders.
Commodity currencies: Global growth and China to show the direction AUD, CAD and NZD commodity currencies, had a rather rough year in 2018, as commodity prices held the relative currencies under pressure. Also, a strengthening US Dol...
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