November 25 2022 🕓 3 min
Ghana wants to buy oil with gold instead of the US dollar
Ghana is struggling with declining foreign exchange reserves. Will this move reduce the depreciation of the Ghanaian currency?
Tag: crude oil
November 23 2022 🕓 3 min
Russian oil price cap talks send prices down
Oil trades lower as unofficial talks on Russian oil price cap move the market ahead of the G7 meeting on December 5th.
November 23 2022 🕓 2 min
Belarus wants to increase oil transit fee by 39%
Expecting less oil to be transported through its territory, Belarus is demanding an increase in the fee. Ukraine wants to react similarly.
November 22 2022 🕓 3 min
Oil rebounds after rumors shut by Saudi minister
Tuesday saw a rise in oil prices after top exporter Saudi Arabia indicated OPEC+ was continuing to ensure output cuts are without change.
November 21 2022 🕓 3 min
WTI oil continues last week’s trend on Monday
Oil has fallen by almost 5% since market open on Monday with prices trading at levels not seen since September.
November 20 2022 🕓 2 min
Does Europe have more oil than it needs?
It is possible that we have reached a point where European refineries now have more oil than they need. This is due to fear of shortages.
November 18 2022 🕓 2 min
UK raises windfall tax on energy companies to 35%
Windfall tax is being introduced in a large number of states. The UK was one of the first and is now increasing its tax.
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 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 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 1 2022 🕓 3 min
Traders see demand destruction for crude oil
OPEC released the reason for the production cut and projected the rising demand for crude oil for the next decade.