October 26 2022 🕓 3 min
The world is hit by the first truly global energy crisis
This sentence was stated by the Executive Director of the International Energy Agency (IEA). Is this really the case?
Tag: crude oil
October 25 2022 🕓 2 min
Crude oil falls down despite tight production policy
OPEC’s policy on crude oil production had the opposite effect. Oil hits $82 price tag, and poor economic data in China signal lower demand. What does it mean?
October 14 2022 🕓 2 min
US refiners prepare for possible fuel export ban
President Joe Biden has hinted that a ban may be in the works. What would that mean for refiners and the market?
October 10 2022 🕓 3 min
Crude oil’s extreme appreciation – what are the reasons?
OPEC's production cut from last week opened the door to the $90 territory for crude oil. The volume shows a rising appetite for further appreciation.
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.
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.