The oil market shifts its focus to the OPEC production cuts for September. After the attack against Saudi Arabia, OPEC oil output has fallen to an eight-year low for the previous month. The drop deepened the impact to the supply pact and the US sanctions on Venezuela and Iran. According to reports, the Organization …
Oil prices contract in today’s trading as the Chinese economic outlook continues to falter despite improvement in other sectors. Traders remain worried about China’s economy and its performance in the long run as the trade war continues. The prolonged dispute between the US and China have dented the demand growth of one of the largest …
Oil Prices Fall Against Weak Chinese Data | Wibest Read More »
The British tanker ship finally left Iran after suffering from capture two months ago. The tanker ship flagged Stena Impero sailed away from Iran’s Bandar Abbas port on Friday. The departure of the Stena Impero from the Iranian port was confirmed by a local Iranian shipping organization on Friday. According to reports, the British tanker …
Petroleum and oil prices went up in sessions after the United States announces new sanctions for Chinese firms. The US imposed new sanctions on Chinese companies for engaging and transacting with Iran. According to reports, Washington claimed that the firms violated the White House’s curbs on Tehran. In a press release, the US Secretary …
Petroleum and Oil Prices Rise After New US Sanctions Read More »
Stock exchanges gained on trade optimism yesterday as Washington confirmed trade talks next month. This comes after Chinese delegates cancelled a visit to US farms last week. The event previously raised concerns over the progress in the talks. Treasury Secretary Steven Mnuchin said that he would meet Chinese Vice Premier Liu He. US Trade …
Stock Exchanges Gain on Trade Optimism | WibestBroker Read More »
Oil and petroleum prices contract after the news about the recovery of the Saudi Aramco revived demand concerns. Both WTI crude oil and Brent oil prices dived in Monday’s trading sessions. The benchmark Brent oil futures declined by 0.61% or 0.39 points in trading sessions. Brent oil barrels currently trade around $63.39 against its close …
WTI Crude Falls from Reports of Aramco’s Recovery Read More »
Saudi Arabian oil prices surged higher after a week of violence and their plans for supplying the countries. Click here for more info! – Wibest Broker
The meeting of the rate-setting committee and regional tensions in the Middle East are two major events which affected the stock markets. On Wednesday, Defense Ministry of Saudi Arabia presented the remnants of the missiles, used in the attacks. Saudi Arabia is not the only country which claims that Iran orchestrated the attacks on the …
The meeting of Federal Reserve and stock markets Read More »
There are two major problems which continue to dominate the headlines. One of them is the drone attacks on the oil processing plant in Abqaiq. The second one is the meeting of the U.S. Federal Reserve. Both of them not only affected the stocks around the world but will continue to influence the stock markets …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDPLN The pair has recently pulled back from highs set in late August and has since traded in tight ranges above the lower band of the trading channel in an uptrend. The the 50-day …
Daily Market Charts and Analysis September 18, 2019 Read More »
The latest dismissal of U.S. National Security Advisor John Bolton is granting petroleum markets some supply comfort. It is with initial views that the U.S. foreign policy toward Iran and Venezuela will be less aggressive. Brent crude oil prices plunged more than 2% after President Donald J. Trump announced through Twitter that he’d fired …
U.S. National Security Advisor Alters Vision for Oil Market Read More »
Recently, petroleum major BP announced it plans to sell more U.S. crude to Asian countries. This is after its shale oil production escalates. It is also seeking to capitalize on the growth in the world’s key demand region. In a news report interview, the strategy outlined with company executives comes after BP’s move to purchase …
BP Petroleum Giant to Barter More U.S. Crude in Asia Read More »
The Lebanese government is set to declare a state of emergency for their country’s economy. Lebanon’s plan will trigger or start acceleration reforms to support the faltering Lebanese economy. The nation’s prime minister, Saad Hariri, emphasized the vitality of lessening to the country’s deficits to local media on Monday. Hariri’s media appearance came after a …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The pair is expected to continue its upward movement in the following days and to retest a downtrend resistance line. It’s a critical month for Canadian Prime Minister Justine Trudeau as he seeks …
Daily Market Charts and Analysis September 4, 2019 Read More »
In a news report, calculations showed petroleum product sales remained stable at nearly $500 million a month from the Islamic Republic together with its shipping data. Meanwhile, U.S. sanctions on Iran’s oil industry have reduced the OPEC countries’ crude exports by more than 80%. Sanctions have almost affected Iran’s exports of oil products, mainly fuel …
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