Tag: Middle East
Oil Petroleum Prices Fluctuate This Tuesday
After rallying in yesterday’s trading, oil petroleum prices appearing to lose steam this Tuesday’s trading session. The two leading global benchmarks are faltering in...
Oil and Petroleum Edge Up, Trade Deal Back in Focus
After a gruesome series of events for the market at the beginning of the year, traders are finally feeling relief. Oil and petroleum prices...
Oil and Petroleum Prices Edge Up After Plunging Earlier
Not even halfway through the end of the first month of the new decade, and it’s already a roller-coaster ride. Oil and petroleum prices...
Tehran Fires Rockets-Oil and Petroleum Prices Act
Just in, Tehran fired more than a dozen rockets towards two Iraqi bases hosting American soldiers. Oil and petroleum prices immediately react to the...
Tehran Weeps for the General’s Death, the Rial Crumbles
The supreme leader of Tehran wept earlier this week over the casket of General Soleimani killed by an American airstrike. Countless Iranian citizens are...
Tehran’s Currency Crumbles, Wrath of the US Sets In
The Iranian rial feels the stress from the constant tension between Washington and Tehran in sessions. The Trump Administration is one, if not the...
Petroleum Crude Drops as Traders Step Back and Assess
Petroleum crude prices finally drop as traders recalibrate the scope and consequences of the Middle East tension. After peaking to several month highs, oil...
Oil and Petroleum Products Surge, War Concerns Escalate
As the rift between the United States and Iran starts to heat up, oil and petroleum products hike in trading. Over the weekend, both...
Oil Petroleum Prices Jump as Middle East Tensions Tighten
Oil petroleum prices jump by almost three percent in today’s trading sessions, thanks to the Middle East conflict. In previous sessions, the trade war...
The Clash of Middle Eastern Titans: Iran and Saudi Arabia
Iran and Saudi Arabia have been long-time rivals. And this year, things just got more complicated. The Iran-Saudi Arabi Proxy Conflict or Iran-Saudi Arabia...
Turkish Drone Flies to Cyprus, Gas Tension Escalates
The tensions in the Middle East and the world of crude oil doesn’t only span to Iran and the Persian Gulf. Just recently, a...
Oil and Petroleum Prices Down Against Small Inventory Build
Oil and petroleum contracts went down during this Thursday’s trading after hitting resistance. Despite rallying earlier after the release of the report, prices bounced...
Houthis Rebel Group Seize an Oil Rig in the Red Sea...
The Houthis from Yemen recently seized a vessel that was pulling cargo from Asia in the Red Sea on Sunday. The Saudi-led coalition announced...
Oil Petroleum Plunges Amid Stockpile Growth
Oil Petroleum prices fell hard during this Monday’s trading sessions. Traders are still not done digesting the increase in US stockpiles reported by the...
Petroleum and Oil Prices Drop as Trade War Progresses
Petroleum and oil prices have died down in today’s trading as traders remained skeptical about the partial trade deal. Prices have rallied again last...