Chinese economy slowly reaches the equilibrium after Covid-19 flare-ups

China, the world's second largest economy, admitted this week that its economic growth suffered due to Covid-19 flare-ups in major economic hubs like Shanghai. Analysts long anticipated the impact on the Chinese economy due to strict, prolonged lockdowns that followed the escalation of infection…

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Wishful thinking: drop in oil price amidst exponential rise in gas prices

The price of LNG, liquified natural gas, has risen exponentially this month and has hit above $9 in early trading on Thursday, raising the spectre of economic gloom by a few more notches. In the middle of a rise in price of this kind in a major commodity, it is unthinkable that the price of crude oi…

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Saudi Oil Exports Dropped in March: down from 7.307 to 7.235 mbd

The crude oil exports from Saudi Arabia, the world's largest exporter of the commodity, have fallen from 7.307 to 7.235 mbd in March, according to the data provided by the OPEC on regular basis. The fall is significant in light of the war in Ukraine, because analysts expected a steep spike from …

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Saudi Aramco's profit surges by 81% in Q1

Saudi Aramco, the state-owned oil company, reported a massive 81% increase in profit during the first quarter this year, thanks to the high oil prices. It went past another milestone last week by dethroning Apple as the most valuable company in the world - for a brief period. Despite the obvious sens…

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High energy prices and inflation: will the onset of the hurricane season make things worse?

The impact of the surging crude oil prices, exacerbated by the steep rise in the price  of the LNG, liquified natural gas, on the global economy is now all too clear and the policymakers are scrambling for solutions before it reaches the point of no-return. In inverse proportion to the skyrocketing i…

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Volatility in Crude Oil Markets: is concern over the Chinese economy, a major factor?

The volatility in the energy markets continues amidst growing uncertainty over the global economic growth, despite the catastrophic impact on the world from the Covid-19 virus clearly behind us. As far as the crude oil markets are concerned, there was a significant fall in the prices on Tuesday, whe…

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Russian Victory Day Parade did not push the crude oil price

The price of crude oil did not spike in the wake of the Russian Victory Day parade on Monday, in stark contrast to media speculations about declaring all-out-war against Ukraine. The combination of the impressive military marches and display of the latest military hardware, including the dreaded ICB…

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High crude oil prices: perfect catalyst- exponential rise in gas prices

The price of LNG,  liquefied natural gas, has gone up by over 100% since February this year and in the presence of such an increase, any hope of oil prices coming down at pumps just remains a distant dream. We have been told, both by irrefutable statistics and reliable analysts, that a recession is m…

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Oil Price: API reports a significant US crude inventory draw - exceeding its own estimate

Amidst mushrooming uncertainties, the API, American Petroleum Institute, reported a significant draw of the US crude inventories during the last week, exceeding its own estimate for the period - 1.167 million barrels. Analysts hope that the data from the EIA, US Energy Information Administration, wi…

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Crude oil prices: factors beyond producers' grasp

As the price of crude oil shows no sign of abating, the risk of a global recession has increased alarmingly, according to economists. With the conflict between Russia and Ukraine showing no sign of coming to an end soon, the supply side of the oil equation is not going to improve at all in the curre…

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