Tag: oil

Oil as one of the crucial commodities needs to be closely followed as it brings important data on several markets and can affect different asset classes as well.

Russian oil price cap talks send prices down
WTIOIL
-2.02%

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.
US markets closed on a positive note
DOW
-0.35%

US markets closed on a positive note

Retailer results pull gains on Dow, Dollar eases off highs to shift trading towards more risky pairs. Fed may finally ease up on hikes.
Oil rebounds after rumors shut by Saudi minister
WTIOIL
-2.02%

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.
US markets in red as fear of China’s lockdowns rises
WTIOIL
-2.02%

US markets in red as fear of China’s lockdowns rises

Dollar is seen as safe heaven amidst fear of China being locked down. Oil falls significantly with rumours and drama, indices follow.
WTI oil continues last week’s trend on Monday
WTIOIL
-2.02%

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.

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?
Is WTI Crude oil going to plunge again?
WTIOIL
-2.02%

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.

Saudi Arabia to allocate $2.5 billion towards ecology

Saudi Arabia is best known for its oil production and exports. Now it also wants to go the way of a greener country.

South Africa needs $84 billion for energy transformation

Rich countries want to help this most industrialised country reduce emissions. But it will cost much more than was planned.
Is gas really that expensive? A look into the energy crisis
NG
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Is gas really that expensive? A look into the energy crisis

The energy crisis caused a massive surge in the price of European natural gas, but this wild ride seems to be over.

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.

China doubles its gasoline exports

China's gasoline exports rose nearly 100% year-on-year in August. Refineries took advantage of new export quotas.