Oil Markets Weekly: 11th Sep 2019
Highlights Saudi Arabia appoints a new Energy Minister Prices are rising supported by continued falling inventories and confirmed OPEC cuts Saudi Aramco production still decided by the Ministry of Energy EIA revises […]
Spread between Brent and WTI widens by 24.12% w-o-w
Financial Markets, Metals, Fuels and Natural Gas The S&P 500 ended on a rising trend reaching 2978.70, up by 1.75% w-o-w, and it continues to be well above the 30-day moving average. Platinum […]
A market rally as Saudi Arabia replaces its Energy Minister
As expected in the previous report, oil prices have rallied over the past week with ICE Brent reaching $62.12, Sep 5th, 15.35, supported by reports from the EIA of continued withdrawal of […]
Oil gains rise on trade deal hopes and slowdown in US production
ICE Brent prices started the week in a bearish market at $58.44 but soon gained rise on hopes of conciliation in US-China trade deal given the positive announcement from the US President […]
Weekly Market Review
Financial Markets, Metals, Fuels and Natural Gas The S&P 500 ended on a rising trend reaching 2926.5, up by %2.71 w-o-w, and it finally exceeded the 30-day moving average, for the first time […]
Oil Markets Weekly: Positive Signs
This report has been prepared by CMarkits LTD (“CMarkits”) and it is intended to advise our clients on the latest market developments for information purposes only. The fitness or merchantability of the […]
Weekly Market Review: 26th Aug
Financial Markets, Metals, Fuels and Natural Gas The S&P 500, Fig. 2.3, ended on a declining trend following the US President tweet of additional tariffs on the Chinese commodities and it ended […]
Trade-War escalates as China imposes new tariffs
ICE Brent started the week at $59.06, up by 0.91% from its settling price in the previous week, and it reached a maximum price of $61.30 on 21st Aug, 13:35, before it […]
Oil Markets Weekly: 26th Aug 2019
This report has been prepared by CMarkits LTD (“CMarkits”) and it is intended to advise our clients on the latest market developments for information purposes only. The fitness or merchantability of the […]
Oil Markets Weekly 19th Aug 2019
London | By Y. Alshammari | This report has been prepared by CMarkits LTD (“CMarkits”) and it is intended to advise our clients on the latest market developments for information purposes only. […]
IOCs enhanced resilience at low oil prices in 2018
19/02/2019 | 16:14 GMT London | Despite the 40% decline in oil prices in the fourth quarter in 2018, International Oil Companies (IOCs) have reported increased production of hydrocarbons ranging from 1-23% […]
Oil could soon be transforming Guyana’s economy
08/02/2019 | 01:09 GMT | London | Guyana, an English-speaking country on South America’s north Atlantic coast on the eastern side of Venezuela, is set to become a major producer of hydrocarbons. […]
BP performance and oil price expectations
06/02/2019 | 20:52 GMT | London | As Oil prices go higher, returns go higher, said Bob Dudley when asked about his expectation for the oil price after BP announced its financial […]
Potential implications of Venezuela’s production decline
05/02/2019 | 02:47 GMT | London | Venezuela’s oil production could decline to less than 1 million barrel per day, from a current production level of 1.1 million barrels per day, says […]
Exxon doubles its crude refining in Beaumont
29/01/2019 | 22:23 GMT | Texas | Driven by the significant increase in the US shale oil production, ExxonMobil has announced today it will add a new crude processing unit to its […]