Oil Price: will high gas prices prop it up against falling?

Although the price of WTI has been remaining below $100 for this week, a  significant divergence in price between two major benchmarks, WTI and Brent,  continue to baffle the analysts and investors alike. The fall in price, however, has not made a perceptible impact at pumps in Europe at present; it i…

Read more »

Falling oil price: yet another false dawn in the absence of supply boost

The price of crude oil has fallen in the markets on Thursday that cannot be fully attributed to the modest US inventory build announced by the API, American Petroleum Institute, on Tuesday. Nor is the downward trend  going to be sustainable, given the high price of LNG, liquified natural gas, in the…

Read more »

Oil price below $100 a barrel: is it just wishful thinking?

The fall of crude oil prices, which rattled the markets last week, did not continue  on Monday. As of 11:00 GMT, WTI and Brent were trading at $102.15 and $105.62 respectively. The price of LNG, liquified natural gas, meanwhile, is significantly up, crossing the $7.50 mark, clearly reflecting the wi…

Read more »

Relatively static oil price and the US crude inventory build

The price of crude oil fell below $100 in the markets this week, a trend that is inherited from the performance of the last week. As of 14:50 GMT, WTI and Brent recorded $96.02 and $99.26 respectively. At present, crude oil markets are not short of negative sentiments: there is a strong probability …

Read more »

High Oil Price: the perfect boomerang to haunt producers too!

We, both analysts and mere mortals, who passionately follow the oil and gas markets, have been saying for months that the current crude oil and gas prices are way too high to be sustained.  Having come under pressure on many fronts, the OPEC+ agreed to increase the production by 648,000 bpd for July…

Read more »

Oil Price: no potential watershed moment from Biden visit to the Middle East!`

The prices of crude oil dipped slightly on Tuesday with the two major benchmarks remaining relatively static. At 14:20 GMT, the prices of WTI and Brent were at $109.10 and $110.23 respectively; the price of LNG, liquified natural gas, however, continues to fall despite the political friction against…

Read more »

Oil price: EIA sheds light on yet another crucial factor in the game

The price of crude oil extended the losses for three successive weeks, following the linear fate of LNG, liquified natural gas, which fell by over 40% in June, having reached the highest at $9.33. As of 09:45 GMT, the prices of WTI, Brent and LNG stood at $106.37, $109.90 and $5.72 respectively. The …

Read more »