Oil Skyrockets by 24% on Trump’s Tweet of Saudi-Russia Agreement, Kremlin Denies Trump!
Oil Skyrockets by 24% on Trump’s Tweet of Saudi-Russia Agreement, Kremlin Denies Trump's Tweet!
Tag: Oil Crude
Oil on Pace to 17-Y Low, Dropping to $25 from Weak Demand, COVID-19 and Price War!
Oil on Pace to 17-Y Low, Dropping to $25 from Weak Demand, COVID-19 and Price War!
Oil Surges 4% after the Report of Tanker Incident, Some Suspect U.S. Involvement!
The explosion of tankers leads to a sharp gain of Brent to increase 4.45% to trade at $62.64/bbl while WTI hikes almost 3.83% to trade at $53.1/bbl.
Oil Price will Rise Again! OPEC Has Agreed to Cut 1.2 Million bpd from 2019
After two-day conference, OPEC and its Russia-led allies had decided to curb oil output by 1.2 million bpd from January 2019.
Qatar Terminates 57 Years Relationship with OPEC to Focus on LPG Exporter
The announcement comes on Monday stating that Qatar has decided to leave OPEC to focus on exporting LPG.
OPEC: “No Oil Output Cuts in 2019”…… for Now
Regarding the meeting between OPEC and Technical Committee during the weekend in Abu Dhabi, the meeting has not really come to the resolution about oil output cuts in 2019, but giving a sign that “oil markets are well supplied.”
Series of Oil Refinery Explosions May Cause Oil Refinery Shares to Increase
The recent explosion of oil refinery in Germany is the global third in a month. This may results in a short-term hike of oil refinery shares.
Iran in Crisis after Oil Exports Expect to Vanish Almost Half by Year-End
Even before the U.S. sanction, Iran’s oil export has fallen from 2.3 million bpd in June To 1.5 million bpd in July.
Saudi Arabia Calls Off State-Owned Crude Oil Exporter, Aramco’s IPO
Saudi Arabia cancels plans to list shares of its state-owned oil giant Aramco on stock exchanges.
PTG Slipped! Shares Sank 4% after the Financial Statement of 33% Decrease in Profit
A decrease of 33% in net profit from PTG has been revealed through their consolidated financial statements this morning (August 14, 2018). PTG’s shares skidded 4% after the market opened.