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15 July
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Oil prices hold steady after draw in US oil inventories and COVID surge were seen in China
Oil steadied after a three-day rally. Market watchers’ fears that short-term Chinese demand may decline amid a COVID-19 surge offset support from a draw in US oil inventories and a less strong dollar.
22 December 2022
Germany's pivot to Kazakh oil looks like a pipe dream
In a few days, Germany will stop importing oil from Russia. This creates pressure to look for alternatives. One option is to use Russia’s pipeline system to import oil from Kazakhstan.
22 December 2022
China’s streets more deserted than during lockdowns
The abrupt cancellation of the Covid Zero policy has caused a wave of disease across the country. Consequently, traffic in China's largest cities fell to its lowest level since the beginning of the year.
22 December 2022
Shale producers explain why they won’t increase drilling
The White House’s top energy advisor Amos Hochstein criticized shale drillers for their refusal to increase oil production. As it was stated by CEO of Pioneer Natural Resources Scott Sheffield, U.S. shale producers aren’t going to drill more.
22 December 2022
Cold weather isn’t expected to seriously affect oil and gas production in Texas
According to the weather forecast, Texas will experience this year’s coldest temperatures by the end of the week. At the same time, the change of weather is unlikely to impact oil and gas production and transportation.
22 December 2022
Chances of rising oil prices are increasing
On the one hand, oil prices remained in the range of minimum annual values, as the fear of possible recession is still strong and trading ahead of the holidays is less active. On the other hand, there is a suggestion that the price increase projected for next year has already begun.
22 December 2022
LNG market is set to tighten next year
Energy demand in Asia was seen rising in recent weeks, which was partially triggered by the return of China to the liquefied natural gas (LNG) spot market. Easing of COVID-19 quarantine protocols in China may be the reason why the Atlantic and Pacific basins will have to compete for LNG next year.
22 December 2022
ANZ: Inflation and weak dollar are positive for gold
Inflation in the United States, which turned out to be lower than expected, is putting pressure on the U.S. currency. According to economists at ANZ Bank, along with falling real yields, this has helped gold prices to reach the value of $1,800 an ounce again.
22 December 2022
Market analysts note the growth of long speculative positions for silver and gold futures
Analysts note an increase in the volume of long speculative positions in silver and gold futures. At the same time, short positions are being reduced. In other words, investors believe in further growth of precious metals.
22 December 2022
Commodity markets could face consequences of investment deficit in 2023
According to a Goldman Sachs analyst review, in 2023 commodity markets may face the consequences of lack of investment. It was noted that even a significant increase in prices at the beginning of the year did not lead to an increase in commodity projects’ investment.
22 December 2022
