Officials from big oil and energy companies attended the Climate Week in New York City. The CEOs of the big oil and petroleum companies have expressed their support to the cause. Oil prices continued to go down in trading sessions following the news about the NYC Climate week. The West Texas Intermediate or WTI …
Climate Week in NYC Warns About the Energy Sector Read More »
The central bank of the United Arab Emirates published a report pm Sunday. This report helps to evaluate the overall situation of the local economy. It is worth mentioning that the UAE has one of the most developed economies in the region. Another interesting fact is that its economy is second-largest after Saudi Arabia when …
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 »
Heart of Texas oil industry is being threatened by the Tropical Depression Imelda. Click here to know more! – Wibest Broker
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 back from recent lows in recent weeks, with the short-term trajectory overall bullish. It has also recently slipped down the 50-day moving average to almost reach recent record lows. Now …
Daily Market Charts and Analysis September 20, 2019 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 …
The drone attack on Saudi Aramco’s facilities sent shockwaves around the world. This incident happened laws week. That fact is not surprising at all because Saudi Arabia is the biggest oil exporter in the world. The price fluctuations also affected the stock markets. Moreover, this was the only problem of the oil sector which influenced …
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 »
Stock markets are still under the influence of the attacks on Saudi Arabian oil facilities. This incident happened on Saturday. Nevertheless, it remains as one of the most important topics even several days after the incident. It is not surprising because Saudi Arabia is the second biggest oil producer in the world. Another issue which …
Stock markets and the global economy Sep 17, 2019 Read More »
The stock markets reacted to the news that the biggest processing plant operated by the Saudi Aramco is out of service. The reason is that last week on Saturday, Houthi rebels claimed responsibility for the attack which targeted the oil processing plant in Abqaiq. It was not the only facility which sustained damage. Drone attack …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCZK The pair is trading in tight ranges after climbing to multi-month highs recently, having found a solid support line above the 50-day moving average price. The 50-day MA also recently confirmed a golden …
Daily Market Charts and Analysis September 17, 2019 Read More »
Stock markets and regional tensions in the Middle East The stock markets in the U.S. and Europe reacted to the news that Houthi rebels attacked the oil processing plants. On Saturday, Houthi rebels claimed the responsibility for the attack which damaged the oil processing plant in Abqaiq. It is worth mentioning that this plant is …
Stock markets and regional tensions in the Middle East Read More »
For the last two years, the International Maritime Organization came up to a decision of capping the sulfur level of global marine fuels. The decision happened on January 1, 2020. Today, it has been the dominant story in the petroleum markets. Among the many issues raised by the impending 0.5% cap on sulfur in marine …
The International Maritime Organization Sulfur Assessment Read More »
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