May 8 2023 🕓 3 min
Was there a speculative short selling on crude oil?
Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
November 17 2022 🕓 3 min
Fear over demand outlook pushes Crude Oil down
The big cities in China struggle to control outbreaks and JP Morgan projected a mild recession in the US, putting pressure on oil prices.
November 15 2022 🕓 2 min
Germany’s gas reservoirs are 100% full
Germany managed to fill its gas storage tanks to 100% before winter and continues to fill, how is that possible?
November 14 2022 🕓 3 min
Poland and Germany nationalize Gazprom’s domestic assets
Both European countries will nationalize Russian Gazprom's assets on their territory. Is this a step towards better security?
November 13 2022 🕓 3 min
Kazakhstan – a new export route for oil in 2023?
Kazakhstan is making great efforts to find export routes for its oil that bypass Russia. Will it be able to do this as early as 2023?
November 12 2022 🕓 2 min
The EU will need up to €500 billion for its nuclear energy
Nuclear energy is a big topic in Europe. However, large investments will be needed just to maintain existing capacities.
November 9 2022 🕓 3 min
Is WTI Crude oil going to plunge again?
WTI Crude oil is in a somewhat similar position to when it cost about $120 at the beginning of the year, implying another selloff may come soon.
November 9 2022 🕓 2 min
India increases oil imports from Iran and Russia
India is trying to diversify its oil suppliers more. The country is looking for cheap suppliers and doesn't care who they are.
November 7 2022 🕓 3 min
Fed’s dovishness elevated gold toward $1 700
The comments after Fed's rate decision elevated gold toward $1700. All eyes are now on Thursday's inflation data.
November 7 2022 🕓 3 min
India approves export of 6 million tonnes of sugar
India is the world's largest producer and second largest exporter of sugar. This is why its export moves are important.
November 5 2022 🕓 3 min
South Africa needs $84 billion for energy transformation
Rich countries want to help this most industrialised country reduce emissions. But it will cost much more than was planned.
November 4 2022 🕓 2 min
Greece imposes windfall tax on energy firms
Greece is another country that has decided to impose taxes on the excessive profits of energy companies. What will they do with the money?
November 3 2022 🕓 3 min
Is Europe facing a 30% drop in gas prices?
Goldman Sachs expects to see gas prices in Europe fall by up to 30% in the coming months. Is this realistic?