Traders Blog - Analysis, Strategies, News and more: Tag - Oil News

Oil and conditions that are not very favorable for it
Analysis

Oil and conditions that are not very favorable for it

While data shows rising US inventories, fears of weaker demand also increase pressure on Oil prices. According to the American Petroleum Institute, released late Tuesday, US crude oil inventories rose by about 3.3 million barrels last week, cont...

Author:
Ahura Chalki
Published on: 22.03.2023 17:05 (UTC)
31
China's lukewarm recovery could not help WTI
Analysis

China's lukewarm recovery could not help WTI

China retail sales raised 3.5% annually in January and February, while fixed asset investment growth ticked up to 5.5% to avoid the risks of the real estate sector with the bottoming-out signal. However, slower industrial production growth with a 2.4...

Author:
Ahura Chalki
Published on: 16.03.2023 16:22 (UTC)
90
Global Economic Outlook | March 2023
Market Outlook

Global Economic Outlook | March 2023

With China reopening, lower energy prices, the strong job market in most developed economies, and the relative growth of retail sales, our global economic outlook changed. Now we are less worried about the severity of the upcoming economic recession....

Author:
Ahura Chalki
Published on: 13.03.2023 19:12 (UTC)
94
Oil and expectations | March 2
Analysis

Oil and expectations | March 2

The Oil price still wanders between different data and economic outlooks. While the prospect of more demand from China helps the bulls, concerns over a possible recession hold them back from moving further. Last week's Russian threat to cut 500K bpd...

Author:
Ahura Chalki
Published on: 02.03.2023 17:38 (UTC)
129
Oil & Gas and reducing hopes for growth again
Analysis

Oil & Gas and reducing hopes for growth again

WTI under $73, where next?While Oil and Gas prices are decreasing, OPEC-JMMC decided not to change the production cuts agreed upon in October. They agreed to cut 2 million barrels daily to balance out reduced demand in October. In its last Wednesday'...

Author:
Ahura Chalki
Published on: 06.02.2023 20:24 (UTC)
226