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.”
August 2 2022 🕓 3 min
Are oil and gas in a tricky position?
Oil and gas prices skyrocketed in the last two years, but now they show signs of a potential reversal downwards amid the OPEC meeting.
August 2 2022 🕓 2 min
Russia has stopped gas supplies to Latvia
Russia's Gazprom has halted gas supplies to Latvia amid allegations of violations of supply conditions. Latvia is not worried about this move.
July 29 2022 🕓 3 min
Commodities on the way to erase monthly losses
A turbulent July for markets. Especially for commodities. A significant decline in the first half, but Fed helped.
July 26 2022 🕓 3 min
Iran’s oil export revenues up 580%
Iran's revenues from crude oil and condensate exports have increased 580% in the first four months of the current Iranian year, which starts on March 21.
July 26 2022 🕓 3 min
Gold reacts against standard definitions
Gold's reactions to Fed rate decisions in time showed a big surprise against standard definitions. Wednesday could be a volatile day.
July 25 2022 🕓 2 min
Gazprom will shut down another turbine at Nord Stream 1
Russian gas giant Gazprom will shut down another turbine of the Nord Stream 1 pipeline for maintenance on Wednesday 27 July.
July 24 2022 🕓 3 min
Saudi Arabia has plans to increase export capacity
Saudi Arabia plans to increase export capacity by up to one million barrels of oil per day. This is to be done by 2030.
July 23 2022 🕓 3 min
Soft economic activity sent crude oil down to year’s support
Possibly lower supply disruptions of crude oil and soft economic activity in the Eurozone sent black gold to test the 95$ price tag.
July 21 2022 🕓 2 min
Russia makes a big deal with Iran
Russia and Iran have agreed on investments worth billions of dollars. Gazprom will help develop oil and gas fields in Iran.
July 20 2022 🕓 2 min
Stopping gas supplies could reduce European GDP
If Russia were to cut off its gas supplies to Europe, Europe's GDP could fall by up to 1.5%, according to the European Commission.
July 19 2022 🕓 2 min
Russian gas hit by force majeure
Germany's Uniper, the largest importer of Russian gas, has received a force majeure notice from Russian gas company Gazprom.
July 18 2022 🕓 3 min
Canada sends debated turbine for Nord Stream 1
Canada has shipped the turbine needed for the Nord Stream 1 pipeline after repairs. It should arrive in Russia within 7 days.