Crude Oil Markets: the lingering ominous threats

The price of WTI and Brent recorded $96.35 and £102.61 at 07:30 GMT respectively on Monday morning. With even the vital energy markets not being insulated in the current conflict, it can even go further up dramatically unless sanity prevails in the coming days. The struggle in many global economies,…

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Oil price goes through the roof after Ukraine invasion

The unthinkable did happen, in the end; Europe sees the biggest military conflict since the Second World War and President Putin’s ominous warning against interference is reverberating across the world. The anxiety is palpable and the stock markets across the world just reflects it. As the news of t…

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Oil price: volatility continues in the crude oil markets

The fluctuations of the crude oil prices continue unabated, sandwiched between the volatility along the border between Russia and Ukraine and the optimism about the revival of the JCPOA, 2015 Iranian nuclear deal. On military front, the Security Council Meeting of Russia, convened hurriedly by Presi…

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Optimism about Iran's entry into crude oil markets gathers momentum!

Optimism about Iran's entry into crude oil markets gathers momentum!  The relatively optimistic – and less confrontational - atmosphere at the talks involving the signatories to the JCPOA, 2015 Iran nuclear deal, have made analysts taking an intense interest in the development – once again. Last …

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Oil Price: is Iran ready to enter the crude oil markets, finally? Foreign minister implies so!

The price of crude oil that fell yesterday in the aftermath of the Russian announcement of troops going back to their barracks from the border with Ukraine, has started its upward trend again, when the West expressed scepticism over the move. As of 14:00 GMT, the price of WTI and Brent were at $93.…

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Oil Price: it is nearing the psychologically signifcant $100, a barrel!

The price of crude oil is approaching $100 a barrel and the geopolitical tension involving Russia and the West that shows no sign of abating will finally determine the psychologically important benchmark in the next few days. As of 16:00 GMT, the price of WTI and Brent stood at $93.62 and $94.72 re…

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Will the rising oil price become a drag on global consumption?

Although the price of crude oil is hovering around $90 a barrel as of now, the US crude oil inventories dropped for two successive weeks, implying that the demand is in the recovery mode despite the surge in relatively mild Omicron variant of the Coronavirus. The EIA, US Energy Information Administr…

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OPEC+ sticks to 400,000 bpd increase for March as markets remain bullish

The monthly OPEC+ meeting ended with no significant change in policy, with members agreeing to maintain the status-quo; that means, the members are collectively adding additional 400,000 bpd in March too. The group was much more optimistic about the short-term demand than they were in the last quart…

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