Tag: crude oil

Crude oil, also known as oil or petroleum, is one of the most common and used commodities of all. Its supply and demand dynamics are thus very important for the markets.

A closer look at commodity extraction by fracking

A closer look at commodity extraction by fracking

Fracking is a method of gas extraction that has made the US in particular profitable over the last decade. In contrast, many countries in Europe have banned it.
OPEC has significantly increased its oil production

OPEC has significantly increased its oil production

OPEC increased its September oil production to the highest level since 2020. Yet it failed to meet its quota.
The US imposes new sanctions on Iran oil

The US imposes new sanctions on Iran oil

The sanctions affected companies involved in the petrochemical and oil trade, including companies based in China.
Higher interest rates hurt crude oil

Higher interest rates hurt crude oil

The current trend in monetary policy decision-making hurts commodities denominated in the US Dollar. Crude oil dives under support level.
U.S. fuel exports broke records

U.S. fuel exports broke records

Exports of petroleum products from the United States in the first half of 2022 grew at the fastest pace in the last 5 years.
China has 50 years of coal reserves

China has 50 years of coal reserves

In pursuit of its energy security, China is increasingly producing energy from coal, of which it has plenty for now.
Nigeria’s oil exports lowest since 1990

Nigeria’s oil exports lowest since 1990

Weak exports reflect low production in the country. This is worsening due to underinvestment and theft from oil pipelines.
OPEC+ unexpectedly cut oil’s output

OPEC+ unexpectedly cut oil’s output

OPEC+ reversed course and lowered supply by 100 000 barrels a day for the next month. Crude attacked $90 level.
G7 agrees to cap Russian oil prices

G7 agrees to cap Russian oil prices

G7 finance ministers and central bank governors agree to impose a price ceiling on Russian oil and petroleum products.
Yemen faces the possibility of ecological disaster

Yemen faces the possibility of ecological disaster

The oil tanker Safer is stranded off the coast of Yemen. The UN is trying to raise $80 million to remove it. The private sector must help.