Commodities

Crude oil is sliding again, despite a series of Draconian production cuts, imposed by OPEC+ since the beginning of this year.

June 9, 2023

1267

U.S. equities are on track to suffer their steepest annual decline since the financial crisis in 2008, with only 3 trading days remaining to complete the lackluster 2022.

December 28, 2022

1396

Oil prices tumbled on Thursday on the news that the Biden Administration is considering releasing up to 180 million barrels from its petroleum reserve (SPR), close to a one-time maximum in nearly 50 years of SPR history in response to the oil and gas supply crisis caused by the geopolitical events in the Eastern Europe.

April 1, 2022

1683

Several prominent oil traders have written in their recent notes that “$100 crude is fast approaching as demand outstrips supply and a climate-inspired slowdown in investment in new sources threatens to allow reserves to wither”.

November 3, 2021

1796

U.S. oil companies are still assessing the damage at the oil rigs caused by Hurricane Ida, where platforms and refineries were struck hard creating numerous damages.

September 1, 2021

1956

OPEC+ oil and energy ministers eventually fully backed the plan to increase oil production by 2 million bpd by the end of this year, and also extended the agreement beyond April 2022, when it expires.

July 19, 2021

1946

With ongoing inflation data being more and more intimidating, which increasingly finds its reflection in the current market instability, there are basically three scenarios - monetary austerity, return of industrial commodities growth cycle and resumption of the crypto buying spree.

June 10, 2021

2071