October 2 2022 🕓 3 min
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.
Tag: crude oil
October 1 2022 🕓 2 min
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.
September 29 2022 🕓 3 min
The US imposes new sanctions on Iran oil
The sanctions affected companies involved in the petrochemical and oil trade, including companies based in China.
September 27 2022 🕓 2 min
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.
September 27 2022 🕓 2 min
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.
September 21 2022 🕓 2 min
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.
September 10 2022 🕓 2 min
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.
September 6 2022 🕓 2 min
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.
September 3 2022 🕓 2 min
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.
August 27 2022 🕓 3 min
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.