Oil leak in Kharg Island: crude oil prices continue to go down!

As the tension between Iran and Israel is on the rise  with an imminent retaliation by the latter in the offing, by coincidence a few significant fires broke out in some regions in Iran. At the weekend, for instance, there was a huge fire in Tehran in an iron-work factory; then, on Tuesday, there wa…

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Crude Oil Prices: will Israel spare Kharg island, if it retaliates against Iran?

AS Israel has not launched the much anticipated retaliatory attack against its archfoe in the region, Iran, as yet, the crude oil prices did not move up exponentially as both analysts and investors feared.  That, however, does not mean the world is out of the woods yet, as far as an unhindered suppl…

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Oil prices: impact of Hurricane Milton and conflict in the Middle East

The US state of Florida is bracing itself for a direct hit by Hurricane Milton that develops into a major storm, on Wednesday.  Since the Gulf of Mexico is one of the most important region for energy resources and infrastructure, both onshore and offshore,  in the US, the world's top energy prod…

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Chinese manufacturing activities picked up in September

www.oilfutures.co.uk The price of crude oil is still on a downward trajectory despite the volatility in the Middle EAST and some encouraging news about the Chinese economy. As for the Middle East, the IDF, Israel Defence Forces, made an incursion into Lebanon on Monday night while bringing the weeks-…

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US rate cuts and Middle East Volatility struggle to excite oil markets

The price of crude oil experienced a slight uptick before the weekend, potentially influenced by the unexpected U. S. interest rate cut and escalating tensions in the Middle East.

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