Showing results for "homaidan al-turki"

Will Biden’s visit to Saudi Arabia help stabilize oil markets?

  • Crude prices are still on the rise, as investors remain focused on global supply dynamics in Eastern Europe and North Africa. Concerns of supply shortage were not outweighed by possible demand pressures caused by a rise in COVID-19 cases in China and more interest rate hikes. The global pol...
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No signs of prices easing as traders turn bullish on oil demand growth

  • Crude oil prices averaged higher, rising for the third consecutive week. The uptrend taking Brent and WTI futures above $120 a barrel has forced options market participants to restructure their hedging strategies. Traders turned bullish on oil demand growth after China gradually lifted some COV...
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Oil prices remain over $100 level amid uncertainty

  • The oil market had been struggling to break through resistance levels, as it weighed bearish outlooks on global economic growth due to high inflation, a strong US dollar, and additional supply from the US strategic petroleum reserves and the uncertainty surrounding Russian oil supply. Price act...
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EU’s likely ban on Russian imports weigh on investors’ sentiment

  • Volatility continues to dominate the oil market as investors closely monitor the EU proposal to ban imports of Russian oil. The situation has added to the uncertainty, which continues to weigh on investors’ sentiment. The oil market structure strengthened as worries about tightening refined o...
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Oil prices take center stage as global demand acts up

  • Global commercial crude balances tightened, led by weaker supply from the US and OPEC and demand growth driven by reopening Asian economies. The IEA and OPEC Secretariat see softer balances on weaker demand. In contrast, the EIA sees a tighter market in 2022 after revising non-OPEC supply low...
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Uncertainty clouds global oil market outlook

  • As expected, the OPEC+ agreed on an additional increase of 432,000 barrels per day during June to support the global oil supply. It would provide relief amid concerns over an EU plan to phase out imports of Russian oil. Oil futures also rose after the weekly report of the US Energy Informatio...
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Oil volatility continues to cast its shadow over markets

  • Oil prices continue to be volatile, even though refining margins have recovered significantly and crude prices are well supported. This is due to a weakening global outlook as the prospect of slowing oil demand growth, particularly in China, is balanced against geopolitical tensions in Eastern ...
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Global economic challenges adding downward pressure on oil

  • Last week, crude prices settled mixed in volatile trade, as concerns about the global economic growth and oil demand were offset by EIA data showing an unexpected large draw in US crude oil stocks.  Investors weighed Germany’s announcement that it planned to stop importing oil from Russia...
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Uncertain political climate adds to oil price volatility

  • Concerns about supply shortage amid the ongoing Russia-Ukraine war and rising political tensions continue to dictate oil market sentiments. Moreover, expectations of policy support in China to mitigate the COVID-19 impact added upward pressure to oil prices. A highly volatile market influenced...
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Factors adding to oil price volatility

  • Crude prices ended lower last week. The oil sell-off accelerated following the International Energy Agency’s announcement that its member countries will release an additional 60 million barrels from strategic reserves on top of the earlier US announcement of releasing 180 million barrels from t...
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