The State Bank of India (SBI) has reported that Foreign Portfolio Investors (FPIs) have had a significant impact on key sectors such as financial services, oil & gas, and automobiles due to continued selling pressure.In the first half of October, there were considerable outflows, which marked a sharp reversal from previous trends. The financial services […]
NEW DELHI/LONDON (Reuters) -Indian refiners and at least one European refiner are re-evaluating their crude purchases to make room for Iranian oil in the second half of this year, anticipating that U.S. sanctions will be lifted, company officials and trading sources said. Former U.S. President Trump abandoned the 2015 Iran nuclear deal and reimposed sanctions […]
By Tsvetana Paraskova Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January 2021 give bulls hopes that the oil market will regain some semblance of a balance next year, pushing prices higher. Currently, the […]
“Oil market and the Stock market are more affected than people by Corona Virus, the CoVid19, so far” says Emad Honarparvar, CEO of OPTraders in his tweet. “The Virus which first appeared in world no.1 populated country and the leading exporter of goods and importer of crude in the world, China, now becomes a nightmare […]
Oil and Gas Stocks Are On Fire this week as the November starts in a year with too much uncertainties and challenges the Oil and Energy industry had. Crude oil prices went up where they left off last week. The U.S. oil price benchmark, WTI, was up around 2% to more than $57 a barrel. […]
Oil price is not seeming to have peace and here is set of reasons we believe the trend continues to fluctuate to its 2018-2019 highs in 2020. Oil tanker war is not over Iranian Oil Tanker is the latest of the tanker wars, which was hit by missiles. The blasts follows a series of attacks […]
Dubai to host the 5th AMEA Bitumen and Base Oil Conference in 2020. The conference aims to bring together leading industry players from the world’s fastest growing bitumen markets in the region, says Petrosil authority, the organizer of the event. You can meet with key representatives from refineries, regional governments and bitumen end-users and take part […]
Oil costs slipped on Monday after China posted its slowest quarterly financial development in at any rate 27 years, fortifying worries about interest on the planet’s biggest unrefined petroleum merchant. Brent rough prospects for September fell 21 pennies to $66.51 a barrel by 0222 GMT while U.S. unrefined for August was down 28 pennies at […]
The Iraqi Ministry of Finance and Japan International Cooperation Agency (JICA) consented to an arrangement on Sunday, under which the Japanese organization will offer Iraq a credit of 110 billion Japanese Yen (about USD one billion) to redesign the Basra petroleum treatment facility. The arrangement was inked by Iraq’s Deputy Prime Minister for Economic Affairs […]
Oil costs spiked by approximately 5 percent on Thursday as the U.S. thought about a military negative mark against Iran. Late Thursday, the U.S. military seemed ready to complete such a strike, however the task was canceled ultimately. Reuters detailed that Trump may have handed-off a message to Iran through Omani middle people that he […]
