Oil Price: Saudi oil minister sees the light at the end of the tunnel

Despite the wild fluctuations that we see in the oil markets in recent month in the middle of the pandemic, which, more often than not, punctuated by false dawns, Prince Abdulaziz bin Salman, the Saudi oil minister seems to be optimistic about the future of the his field. Prince AdulAziz, however, c…

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Oil Price Fluctuation: the US crude oil build-up drives the trend

The oil price fluctuated much more than it did in  the previous week, purely owing to the news that US oil inventories have gone up, deviating from the existing trend. The price has been moving upwards recently in inverse proportion to the build-up of the US crude stocks. The development once agains …

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Oil Price: encouraging news from India - Covid-19 inefection rates down; diesel usage up

There is some good news from the world’s third biggest consumer of oil, India. This week, it was reported that India’s Covid-19 infection rates is down significantly. By coincidence, as if in proportion to the sentiment, the usage of diesel has gone up as well, indicating the recovery of industry o…

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Oil Price: US crude oil stockpiles go down again - and it's substantial

The world, apart from a few nations in Asia without Africa, is bracing for a new wave of the Covid-19 pandemic. Whether it is the so-called Second Wave or a mere extension of the First Wave does not really matter. The panic level is not as bad as that of the First Wave, as people are slowly getting…

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Oil Price: insignificant decline will die down

Oil price may have fluctuated slightly this week, perhaps due to the anticipated disruption to production and distribution in the wake of Hurricane Delta. The inventory data from EIA, US Energy Information Administration, meanwhile, shows that the downward trend continues, giving hope to investors …

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Oil Prices are steday - finally: sanity breaks out in the markets!

A fter inexplicable fluctuations, the oil price has reached where it should be – at last. Some analysts, unfortunately, tend to attribute it to the onset of Hurricane Delta, a category-3 storm. The reliably-modelled data shows that the storm appears to die out as it reaches the mainland. In this cont…

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Oil Price: US inventory counts remain low for weeks

The oil price went down last week, partly due to the unprecedented coronavirus outbreak in the White House. In fact, President Trump’s infection overshadowed a more crucial fact that normally determines the price of commodity; it’s the tendency of the market being flooded by excess oil, as desperate…

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Oil Price: did markets over-react to President Trump's coronvirus infection?

Oil price slipped in the market on Thursday and likely to remain this way for the next few days. Some analysts were quick to relate the drop in price with President Trump being Covid-19 positive, despite the former happened a day before the latter’s official announcement about the infection. As for …

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