No change of the indicator value may reduce the volatility of the related markets.
15 July
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Gold grows shortly before the release of inflation data from Japan, China, and the US
The gold price grew shortly before the release of inflation data from China, Japan, and the US. The risk profile remains stable because China opens its borders after three years of travel restrictions.
9 January 2023
Expected Energy Events for January 5 and 6, 2023
On the agenda, on January 5, are stocks of crude oil and petroleum products, natural gas reserves, as well as the production of gasoline and distillates. On January 6, the number of drilling rigs from Baker Hughes is in the spotlight.
4 January 2023
US oil inventories up last week, production down
According to the Energy Information Administration (EIA), US crude inventories showed a week-on-week increase of 0.72mb (forecast: -1.5mb) to almost 419mb.
30 December 2022
Analysts expect 2023 to be year of gold
Chief economist at Euro Pacific Capital is bullish on gold. In his view, gold will climb in the coming year. Now he is even more bullish that demand for the yellow metal will rise.
30 December 2022
European health officials are against China travel restrictions
Many countries began to introduce stricter entry rules for visitors from China to provide epidemiological safety. However, European health officials consider these measures excessive and unjustified.
30 December 2022
Costs and uncertainty cloud oil outlook, says Dallas Fed
Oil production growth in leading U.S. oil-producing states has slowed. According to the latest survey by the Federal Reserve Bank of Dallas, the effects of inflation and supply chain problems, as well as overall economic uncertainty, have led executives to lower their expectations.
30 December 2022
India increases the procurements of Russian oil
TASS reports that India has become the main consumer of RF oil. It happened after December 5, when the EC embargoed the sea transportation of oil from the RF.
30 December 2022
Germany stops buying Russian oil on January 1, while Poland still remains
Germany and Poland are about to halt purchasing Russian oil by the end of this year. In this way, Germany already plans to replace some amount of oil with supplies from Kazakhstan. Poland, however, is not in a hurry yet to make a final decision, at least for the next couple of months.
30 December 2022
Gasoline price average is unlikely to drop below $3 in 2022
It is unlikely that gasoline prices in the United States will fall below $3 per gallon this year as oil drives gasoline prices up, as reported by an AAA spokesman.
30 December 2022
Hedge fund trader says that the oil demand may increase in 2023
Next year, according to hedge fund trader Pierre Andurand, the world oil demand at a certain moment will grow by 4% if all anti-COVID restrictions are removed.
30 December 2022
