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Category OIL

Global oil supply growth outpaces demand growth, but indicators point to tighter market conditions

Global oil supply growth outpaces demand growth, but indicators point to tighter market conditions

According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point to a large surplus. T...
De-Dollarization Fails as US Forces India & Russia Pay Dirhams for Oil

De-Dollarization Fails as US Forces India & Russia Pay Dirhams for Oil

To bolster the de-dollarization agenda, India and Russia signed a pact to settle oil and gas payments in…
Asian markets fell on Monday as investors reacted to unclear signals from the U.S. on planned tariff hikes

Asian markets fell on Monday as investors reacted to unclear signals from the U.S. on planned tariff hikes

Asian stock markets dipped on Monday as investors tried to understand Washington’s mixed signals about delaying planned UUS tariffs. Meanwhile, oil...
Asian markets hit a three-year high on Friday as USD dropped to multi-year lows

Asian markets hit a three-year high on Friday as USD dropped to multi-year lows

Asian shares climbed on Friday to their highest level in more than three years, following strong gains on Wall Street. At the same time, the dollar...
Traders diffused oil prices at the height of Israel-Iran war causing Brent crude to drop

Traders diffused oil prices at the height of Israel-Iran war causing Brent crude to drop

Oil traders reacted instantly on Monday when Iran fired missiles at a U.S. military base in Qatar, selling off crude instead of pushing prices up. ...