June 20 2022 🕓 3 min
Russia became China’s biggest oil supplier in May
The West doesn't want Russian oil, so exports are going east. Russia's oil imports to China rose 55% year-on-year in May, hitting a record.
Tag: oil
June 20 2022 🕓 4 min
Market Outlook: Bitcoin, Nasdaq & Oil WTI
If you're hesitant about any trading or investment decisions, make sure to check this outlook on Bitcoin, Nasdaq, and WTI Oil.
June 18 2022 🕓 2 min
China has significantly reduced exports of gasoline
According to Chinese customs data, May gasoline exports fell by 45.5%. This is a year-on-year drop of almost 93%.
June 17 2022 🕓 2 min
OPEC+ falls short of its oil production target
The OPEC+ group fell short of its overall oil production target by 2.695 million barrels per day (bpd) in May.
June 6 2022 🕓 2 min
Saudi Arabia has increased oil prices again
Oil prices reached $120 a barrel after Saudi Arabia raised oil prices for July. At the same time, there will be an increase in production.
April 19 2022 🕓 2 min
Germany fears an immediate ban on Russian commodities
While Europe is still considering a ban on Russian energy exports, German businesses and trade unions are joining forces to oppose it.
April 8 2022 🕓 3 min
USD/CAD consolidates ahead of Canadian job market data
Could we see a reversal in the USD/CAD pair, or will bears prevail?
March 31 2022 🕓 2 min
Peru resuming oil production?
Peru's government wants to increase oil production in some of its inactive Amazon fields at a time when world oil prices are rising.
March 26 2022 🕓 2 min
Comparison of price development among commodity sectors
It is vivid, that from the beginning of the year, the most compelling fundament in the markets is war conflict in Ukraine. It has started many significant moves throughout markets, so let´s look, who is the winner and the loser among commodity sectors.
March 26 2022 🕓 2 min
Bitcoin as a way to Russian gas?
In the last article we mentioned that Russia will accept payments for natural resources only in Ruble. But...
March 8 2022 🕓 2 min
Countries defer about Russian oil restrictions
High prices of fuel across Europe and the rest of the world brings question about economic sustainability and possible recession.
February 9 2022 🕓 3 min
WTI remains at multi-year highs
Oil seems massively overbought and poised for a correction if the situation in Iran and Ukraine improves.