March 28 2023 🕓 3 min
What should you know about Saudi Aramco’s trip to China?
The stabilizing situation in the banking sector calms investors. Fed dovishness weakens the USD and China is backing their demand for crude with Saudi Aramco.
Tag: demand
December 20 2022 🕓 3 min
Risk-off sentiment persists in crude oil market
Crude oil heads to the second month of decline thanks to lower economic growth predictions and higher inflation.
December 8 2022 🕓 3 min
Does the crude oil bloodbath have an end?
The inventories data from the US shows weaker demand for gasoline and crude oil. Black gold sinks under the $73 price tag.
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 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.
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?
August 8 2022 🕓 3 min
Crude oil seeing the biggest drop since April
The fear of economic slowdown and high inflation hurt demand. The price of Crude Oil declines and the weekly change of open interest thus raises.
May 27 2022 🕓 2 min
Oil gained as a tight market remains
The price of crude oil went sharply up thanks to fundamentals, which points to tight market before summer.
March 28 2022 🕓 2 min
Covid fears sent crude oil down
Due to the significant Covid spread in Shanghai, fears from possible oil demand disruption sent crude oil to red numbers.