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 […]
In the end, the battle for the Ukrainian city of Mariupol came down to a showdown over a single big industrial plant. Now, it looks like the fight over Sievierodonetsk in Ukraine’s east might go the same way. Bunkers beneath Mariupol’s Azovstal steel works, a giant factory complex whose hulking chimneys dominated the city’s skyline, […]
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 […]
U.S. Oil expenses continued growing early on Tuesday morning, the day on which the June settlement expires, before falling slightly in what becamea far smoother and uneventful trade as compared to closing month’s dramatic plunge into negative expenses. The relatively smooth day to the expiry alerts that the basics with supply, demand, and garage availability have progressed since ultimate month. As of 11:forty two a.M. CDT on Tuesday, prices fell backa bit with WTI Crude trading at $31.69, down by 0.41 percentat the day, even as Brent Crude expenseshave been down 0.95 percentage at $34.45. Tuesday’s tradingconsultation is shaping up to be a non-occasion, even if these […]
“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. […]
by Emad Honarparvar There are several definitions and explanations for an economy bubble and the probability of a crisis coming. I’d like to refer the one I feel confident with, from the book “FINANCIAL MARKET HISTORY” by David Chambers and Elroy Dimson, published by University of Cambridge, Judge Business School. They refer to bubbles and crisis as “Booms […]
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 […]
