Market Analysis Crude Oil Crude oil remained weak during the week with WTI closed at $44.74/BBL and Brent closed at $47.37/BBL on Friday. OPEC monthly out report depicted increase of 0.33 million barrel a day primarily from Nigeria and Libya, which are not part of
Market Analysis Crude Oil Crude oil price close on Friday at $48.15/BBL, gained 0.61% from Thursday. The rise is due to a Trans Niger Pipeline leakage in Nigeria. Crude oil prices remained volatile, primarily on Middle East crises and rose to $50.12/BBL. Tuesday crude oil
What is the likely impact of the recent Qatar crisis on international LNG trade originating from Qatar? Facts Qatar exported 80 million tons of LNG in 2016, approximately 31% of total global supply. The route out of Middle East for crude oil as well as
Market Analysis Crude Oil Crude oil price close on Friday at $49.95/BBL and decrease by 4.48%. Crude started strong on gasoline stocks and memorial day long weekend and supported further during the week on bullish data of EIA inventories which as strong drawdown of 6.43
Market Analysis Crude Oil Crude Oil started strong primarily on expectation of rumors of further production cut and rallied strongly till 25th May 2017. On Friday Brent was trading at $52.23/BBL decrease by $2.44 from the peak of $54.67/bbl. Profit taking was observed on 24th
Market Analysis Crude Oil Brent closed at $53.61/bbl, increase by 5.34% from last Friday closing price. Market remained bullish primarily due to news of Saudi Arabia and Russia on extending the production cut by 9 months. As per BHI, US rig count increase by 8
Market Analysis Crude Oil Brent started recovering from mid-week & recovered 4.43% from Tuesday price of $48.73/bbl. Brent uptick is primarily due EIA inventory numbers which depicted 5.2 million barrel of commercial inventory decrease and 0.2 million barrels of gasoline. The US inventory draw dawn
Market News LNG Stable market in Asia as summer buying has initiated. Deals were closed in Korea and Japan around $5.70/MMBtu level. Tenders from Japan, Korea and Thailand kept the demand side strong. Hot weather outlook in Asia is fuelling the demand whereas Europe weather