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Biggest Oil ETF Survived Record Cash Withdrawal as Brent Tops $85
Aug 01, 2023
According to Bloomberg, oil exchange-traded funds posted their largest week of outflows for more than a year, led b...
Oil Boosted by Russian events, Price-Capped Export Ban and OPEC’s Demand Projection
Jun 27, 2023
Oil prices pushed higher on Monday, June 26 as traders worried over the potential impact of political fallout in Ru...
Shell PLC Boosts Cash Dividend by 15 Percent Showing Commitment to Expand “Most Profitable Areas of Business”
Jun 14, 2023
Shell Plc (SHEL.L) shares are adding 0.44% on premarket after the oil giant reported it will increase its dividend...
With Oil Prices Being Cool So Far on Quota Reductions, OPEC+ Producers Weigh More Production Cuts
Jun 05, 2023
Oil prices have finally tilted towards a more consecutive growth after Sunday’s OPEC+ decision: currently frontal m...
Global Fuel Energy Price Index is Edging Higher after Derogatory 2022
May 24, 2023
The fuel energy index includes prices for crude oil, natural gas, coal, and propane.
Russian Ruble Slumped Again Because of Rising Risk of New Sanctions
May 17, 2023
The Russian ruble yesterday, Tuesday afternoon, continued to decline against the leading global currencies, while u...
Saudi Aramco Reported Weak Financial Results, Apparently Linked to Lower Oil Prices
May 09, 2023
Saudi Aramco (TADAWUL: 2222) reported a 19% drop in Q1 earnings, with net income of $31.9 billion, up from $39.5 bi...
Crude Oil Again Dived Disregarding Recent OPEC+ Efforts
May 01, 2023
U.S. WTI crude oil is shedding another 0.7% today to settle at $75.11/bbl, while Brent crude oil is slipping toward...
OPEC+ Showed Accord to Push Oil Back towards USD100 Mark
Apr 03, 2023
As many investors and traders know by now, OPEC+ announced “unexpected” production cuts of more than 1 million barr...
Crude Gets Unexpected Boost from Iraqi Kurdistan-Turkey Pipeline’s Shutdown
Mar 28, 2023
Despite grim forecasts, crude oil pushed higher overnight as sentiment was given a boost by the rescue of SVB Finan...
Mutually Compensating Factors Point to Higher Oil Price Volatility, while Shifting Global Energy Balance
Mar 07, 2023
Crude oil remains the most unpredictable commodity for traders, as the wild combination of mutually exclusive facto...
Ruble: Benefitting from Russia’s Return to 4th Place by Gold Reserves but Suffering from Oil Price Cap
Feb 06, 2023
At the end of 2022, China became the largest gold and foreign exchange reserves holder in the world for the 17th ti...
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