Showing results for "homaidan al-turki"

All eyes on Biden’s Riyadh visit amid oil market uncertainty

  • All eyes are on US President Joe Biden’s visit to the Middle East, as the movers and shakers in the oil market are waiting for the outcome of the visit and its likely impact on oil prices. While writing this article, the oil market remains uncertain, volatile and faced with several challenges ...
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Amid geopolitical tensions, oil prices likely to seesaw

  • Crude prices rebounded on Friday as European countries decided against a ban on Russian oil imports over its invasion of Ukraine.  Markets are closely monitoring the geopolitical situation, which is causing prices of oil and other commodities to fluctuate. The US has already imposed a ba...
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Crude prices stay on course with 2022 macro environment

  • Crude oil prices have been running between $100 and $130 a barrel amid concerns around the political uprising in Eastern Europe. The market puts the premium for war at $30 a barrel, which means a price range between $70 and $100 a barrel reflects the fundamentals. It means that the market i...
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Despite higher prices, oil market faces challenges 

  • Crude prices have risen, buoyed by the expectation of stronger near-term oil market fundamentals. A declining US dollar value and a rise in speculative net length added support.  Investors remain bullish on the outlook for oil fundamentals. Investors bet on a tightening oil market amid s...
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Drawdown of oil inventories likely in next few weeks

  • The fall of crude prices after hitting over $80 per barrel to below $70 is seen not perceived as based on fundamentals but the downturn is driven by sentiment. The market remains uncertain mainly due to the unquantified risks from the omicron variant, and inflationary pressures. The situation...
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Energy crunch adds to crude demand

  • Crude oil markets continue to hold with fundamentals and remain well supported as they await the OPEC+ ministerial meeting that will begin on Oct. 4. Global oil markets are likely to remain tight enough over the next few months to hold Brent crude oil prices above $70 a barrel, despite the gr...
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Energy markets are witnessing a tug of war on the demand-supply side

  • Oil prices fell last week amid concerns over macroeconomic developments and lingering fears of a potential global economic slowdown that could reduce demand for energy. The financial markets witnessed strong selling pressures fueled by growing global growth concerns which could negatively imp...
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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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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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Factors that may cast a long shadow on the oil market

  • Brent prices averaged $124 per barrel in June 2022 but came down to an average of $113 per barrel, a decline of $11 per barrel. The price level is still high; however, the fall was due to various factors. First, the bearish sentiment on equity markets amid increasing concern of a global econo...
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