On Tuesday, oil prices are declining due to pressure from concerns over escalating trade tensions. Market participants are worried about the impact of increasing friction between the US and EU on economic activity and fuel demand.
Russia's four-week average seaborne oil exports rose to 3.3 million barrels per day, even with lower shipments from Baltic ports. This increase came despite both a sharp weekly drop in shipments and new EU restrictions.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
Canadian-based Central European Petroleum (CEP) has discovered a significant hydrocarbon deposit off Poland’s Baltic Sea coast. According to OilPrice.com, the find has the potential to become one of Europe’s—and particularly Poland’s—largest oil and gas fields.
On Tuesday, oil prices are declining due to pressure from concerns over escalating trade tensions. Market participants are worried about the impact of increasing friction between the US and EU on economic activity and fuel demand.
According to Bloomberg columnist Javier Blas, the energy segment has undergone a significant shift unnoticed by many people, which may create a significant surplus in the fourth quarter and put serious pressure on oil prices.
According to the Baker Hughes’ report, US energy companies increased their number of gas platforms as of July 18. The count rose by 9 to 117.
As part of an expanded export program, Iraq plans to increase its supply of Basrah Medium oil to the global market by 17–18 million barrels next month. This indicates an uptick in production by OPEC+ countries.
A decrease of the indicator value may contribute to the fall in quotes of WTI, Brent.
An increase of the indicator value may contribute to the fall in quotes of NG, WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
News on oil prices is not just information for specialists. This is an important signal for every experienced trader. This section of the website will help you understand when there’s a "Strong buy" signal for oil and when it is a "Strong sell" signal.
Oil price movements are more than just charts on a screen. It is one of the key drivers of the global economy. Understanding these dynamics helps in making rational decisions and adapting to changes.
