Showing results for "homaidan al-turki"

With oil prices over $90, is demand at risk?

  • Even though in their latest meeting, OPEC+ ministers agreed to maintain the planned monthly increase of 400,000 barrels per day in March, prices remained firm while crude prices continued their backwardation. Bullish market sentiment is likely to continue, thanks to persisting supply outages ...
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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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Volatility casts a long shadow over the global oil market

  • The concerns in the market hinge on the following: low spare capacity, low inventories in the market, and losing supply due to rising geopolitics. Russian export loss is still a wildcard even as some countries opt for its discounted prices while others announce cuts of 1-2 million barrels per...
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Understanding the oil market dynamics amid energy crunch

  • The ongoing natural gas crisis in Europe and Asia is helping oil prices stay firm. Crude oil futures prices soared, touching new highs as the oil market remained supported by concerns over a growing power crisis in key European and Asian countries, including China and India, which will boost de...
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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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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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Ukraine issue poses a challenge to energy security

  • The impact of the Ukraine crisis can be seen in the market movements this week, as uncertainty has pushed prices to hover around $100 a barrel. This reflects the challenges the world is faced with to maintain security and stability in energy markets. The situation has become precarious mainly ...
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The path for oil and gas in the 1st half of 2022

  • Supply concerns derived from rising geopolitical tensions in several large oil-producing countries and regions pushed Brent prices to $90 per barrel. These concerns also provided support for projected prices to reach $100 and over amid low inventories in the OECD, concerns about supplies, and f...
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The oil market is not only looking at Biden’s visit to Saudi Arabia

  • US president Biden’s visit to Riyadh has ended successfully on all fronts, with various agreements signed and sealed. As a general impression in the market, Saudis seem to have come out of the visit more successful, and established the forward vision for the Kingdom’s future international role...
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The inventory versus geopolitical game in oil markets

  • At this early stage in the first quarter of 2022, the oil market outlook remains tight and prices are still recording high levels despite the general agreement that surplus will eventually develop. Crude oil prices remained firm, registering levels not seen in more than seven years as investor...
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