Oil price that has been rising for the past few weeks, judging by the above chart, shows signs of becoming static – finally. Neither the cut in output by the OPEC+ nor the significant drop in crude oil stockpiles moved the price up, buckling the widely-anticipated trend. Do the investors know somethi…

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WallStreetBets vs Hedge Funds: when will this game end?

The stage is set for an epic show; the battle lines are drawn. People across the world, some of who have never been bothered about stock markets or investors for that matter, are watching the duel between the hedge funds and the WallStreetBets, the Reddit group that grabs headlines this week, for v…

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Oil price: why did falling US crude oil inventories fail to do the trick this time?

The substantial fall of US crude oil stockpiles has not excited the oil price yet, buckling the familiar trend. The positive news has been overshadowed by a myriad of factors, according to seasoned market watchers. Some of the key reasons are as follows: · The Federal Reserve makes it known the inevit…

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US oil inventories: a significant draw may push the price again

The oil price that has been fluctuating in the past week, got the much needed boost for stability with the latest crude oil draw; the US crude oil inventories have gone down by 9.9 million barrels to the week ending, January 22. The latest data released by the EIA, the US Energy Information Administ…

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Flow of Iranian crude oil into markets: will Israel turn the tap off?

As Iran preparing itself for making its presence in the crude oil market again, without being hampered by a myriad of sanctions, Israel dashed the hopes of the former by implying that would not be that easy. Lt. Gen. Aviv Kohavi, the chief of Israeli defence force, did not mince his words, when he o…

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Covid-19 in the UK: are we about to see the light at the end of the tunnel?

The infection rate of Covid-19 seems to be on decline and the trend has been consistent for the past few days in the United Kingdom so that the inhabitants can breathe a collective sigh of relief. As of yesterday, the 7-day-average of infections and the 7-day-aveage of the deaths are 35929 and 1239 …

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Oil price stabilized: Iraq and Libya join in production cuts

The rare unity of Arab nations with Saudi Arabia at its nucleus appears to be helping the latter in its determination to cut the crude oil output to compensate for the loss of revenues during the past few months. Both Iraq and Libya confirmed that they will cut down the output for January and Februa…

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Covid-19: can both cause and solution lie in the same phenomenon?

This is just a random thought, folks! The emergence of the Covid-19 out of the blue still baffles the scientific community with no firm evidence to locate the exact origin even after a period of one year, let alone a solution. Only after the rest of the world came to know that it was a pandemic, did …

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Infection and death rates in the UK are down - finally

Coronavirus infection rate in the United Kingdom seems to be subsiding finally, having registered the highest death toll since the beginning of the pandemic last year. The fall in the figures, however, has not given the authorities any meaningful cause for optimism, as they have been there before; i…

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Sharp oil production cuts: will the OPEC kill the golden goose?

If you showed an arc to a good mathematician, said Emerson in one of his famous essays, the former would complete the circle.  This is exactly what we saw in the oil markets this week: smart investors looked at the dots in the charts that really matter and completed the picture on their minds that …

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Weekly Oil Price Drop: it's not that significant

Although oil price dropped this week, the fall is not that significant, when compared with what it was last week. The drop in price, however, has rattled the markets somewhat, as the factors which usually influence the oil price were not in favour of an unstoppable rally. For example, the US crude oi…

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US Oil Inventories up again - stalling oil price rise can be accounted for

The US crude oil inventories have gone up during the week ending, 15 Jan 2021, having been in decline for weeks. The latest data from the EIA, US Energy Information Administration, clearly show an upward trend. Since there is a strong correlation between the US crude oil inventories and the price of …

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Oil price: is this the only chart that behaves consistently - during good and bad times?

The crude oil price, at least shown by two primary benchmarks – WTI and Brent – has dropped today, finally being subject to the uncontrollable rate of infections of the Coronavirus across the globe despite the heightened enthusiasm about the vaccinations. The arrival of Mr Joe Biden to the White Hou…

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Oil Price: EIA predicts that demand will exceed supply in the first quarter, 2021

The EIA, the US Energy Information Administration, in a report released today says that the oil demand in the first quarter of 2021 will be higher than that of the supply, citing the production cuts initiated by the OPEC+ and the decline in US crude oil production. The reports clearly states that th…

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Rising Oil Price: traders stubbornly maintain optimism

Oil traders appear to be pinning their hopes on the colossal stimulus package proposed by the incoming Biden administration, as there is a possibility of a significant drop in demand due to new variants of the Coronavirus. The impact of the Coronavirus is far from being managed in the West despite …

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Qatar tries to get Iran bak to the fold: Will the Middle East see lasting peace again?

With just a day left before Mr Joe Biden taking the reins of the US administration and a complete policy reversal in the offing, there are signs that Qatar is attempting to bring Iran, a Shia nation and the rest of Sunni Arab nations in the Gulf closer in the coming days. Iran and the Sunni block, a…

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