Days of Repentance: Israeli attack on Iran and impact on oil prices

The much-anticipated Israel strike, involving 140 fighter jets, against Iran in the wee hours on Saturday, reduced the tension somewhat in the Middle East as the Western leaders hope it would bring an end to the tit-for-tat cycle of attacks and counter attacks. Within hours of the unprecedented att…

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Great South Asian Thaw: ties between India and China limps back to normalcy!

The famous handshake between Indian Prime Minister Narendra Modi and Chinese President Xi Jinping at the BRICS summit in Russia signaled a potential thaw in the frosty relations between the two Asian giants. However, the path towards reconciliation has been fraught with challenges and setbacks. The …

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Global Oil Demand: IEA puts a damper on optimism of OPEC+ - again!

The IEA, International Energy Agency, put a damper on the recovery of oil prices again with the release of the latest report on the demand in the commodity. In its latest report, released in October, the IEA says the oil demand is poised to grow by approximately 890,000 barrels per day (kb/d) in 202…

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US missile attack in Yemen using B-2 stealth bombers: a menacing message to Iran!

The United States confirmed on Thursday that one of its long range stealth bombers, B-2, carried out an attack on Houthi targets in Yemen last night, in the area controlled by the Iran-aligned group. This is the first time the US used $1-billion aircraft against the Houthis; the US used these bomber…

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Oil leak in Kharg Island: crude oil prices continue to go down!

As the tension between Iran and Israel is on the rise  with an imminent retaliation by the latter in the offing, by coincidence a few significant fires broke out in some regions in Iran. At the weekend, for instance, there was a huge fire in Tehran in an iron-work factory; then, on Tuesday, there wa…

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Crude Oil Prices: will Israel spare Kharg island, if it retaliates against Iran?

AS Israel has not launched the much anticipated retaliatory attack against its archfoe in the region, Iran, as yet, the crude oil prices did not move up exponentially as both analysts and investors feared.  That, however, does not mean the world is out of the woods yet, as far as an unhindered suppl…

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Oil prices: impact of Hurricane Milton and conflict in the Middle East

The US state of Florida is bracing itself for a direct hit by Hurricane Milton that develops into a major storm, on Wednesday.  Since the Gulf of Mexico is one of the most important region for energy resources and infrastructure, both onshore and offshore,  in the US, the world's top energy prod…

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Chinese manufacturing activities picked up in September

www.oilfutures.co.uk The price of crude oil is still on a downward trajectory despite the volatility in the Middle EAST and some encouraging news about the Chinese economy. As for the Middle East, the IDF, Israel Defence Forces, made an incursion into Lebanon on Monday night while bringing the weeks-…

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