China's Manufacturing Purchasing Managers' Index Falls - yet again!

China's Manufacturing Purchasing Managers' Index, best known as the  PMI, fell again in May, according to the latest data released by China's National Bureau of Statistics. This is is the fourth successive drop since February this year. China says an index of the  PMI below its threshold…

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Will the price of oil go up as the threat of US default recedes?

As the bipartisan discussions on the US debt ceiling appeared to have averted an impasse, the impact of yet another unexpected development on the energy markets drifts slowly into oblivion in proportion to the diminishing danger that could otherwise have wreaked havoc in the global economy. Both Pre…

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Will oil markets defy a potential US debt default?

US Debt Crisis - 2023 With just ten days to go before the D-day, the decisive day or more aptly called default day, not only does the US place its reputation on the line, but also inadvertently pushes the rest of the world to the brink. Unless an agreement is reached between the two major parties in …

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Oil price: will the constructive talks between the US and China restore strained relations?

The prevailing bearish sentiment in the oil markets does not seem to be shifting towards a watershed moment anytime soon in light of plenty of worrying economic indicators. The Bank of England, for instance, increased the interest rates yet again on Thursday to 4.5%, from 4.25%, on the grounds of ta…

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China's Manufacturing PMI tumbles in April unexpectedly: crude oil markets react

From time to time, we have been asked by experts in many different fields not to put all our eggs in one basket. Agreed and followed up to the letter.  The investors and economists in the realm of oil and gas, however, have been deviating from the well-hackneyed, golden rule in recent months by doin…

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