Crude oil prices’ fine balancing act. Will the markets rebalance?

Crude oil prices rose on reports of global demand picking up and are up about 4% through Thursday Supply woes intensify While the markets welcomed the good news, they continue to remain cautious about increasing supply. The oil market, since… Continue Reading →

Will OPEC’s deal extension help lift oil prices in long term?

On Thursday, OPEC and other non-members extended the November production cut agreement by 9 months. If the deal cut announcement was in keeping with the market consensus, why did oil drop ~5% after the news? The drop could be a… Continue Reading →

Aramco IPO – How will it impact global oil prices?

Aramco IPO is generating a lot of interest in global markets. And it certainly deserves this attention, for, at an estimated valuation of $2tn(debated), and 5% on offer, it would be the world’s biggest IPO ever. Why is Saudia Arabia(SA)… Continue Reading →

OPEC’s Deal Extension

Last week, oil producers in Kuwait discussed OPEC’s November production cut deal extension. With US shale production offsetting OPEC’s cuts, the deal so far has failed to prop oil prices to $60. Before the deal expires in June, OPEC will… Continue Reading →

Oil sinks lower from supply woes – blip or downtrend?

WTI suffered its steepest one-day fall in 13 months on Wednesday and is now trading below $50. EIA report of record build in US inventories triggered the plunge. Rising shale oil production has been keeping a lid on oil prices… Continue Reading →

© 2023 CityFALCON Blog — Powered by WordPress

Theme by Anders NorenUp ↑