Commodity DNA | Crude oil

Crude oil

By Ibrahim Patel
Feb 21, 2023

POST-PANDEMIC RECOVERY IN JET FUEL CONSUMPTION AS PENT-UP DEMAND FOR CRUDE OIL

*China is expected to import a record amount of crude oil in 2023 *India’s Russian oil imports climbed to a record 1.4 million barrels per day in January Oil prices went ....

Crude oil

By Ibrahim Patel
Dec 11, 2022

HEDGE FUND LIQUIDATION CAUSED CRUDE OIL TO WIPE OUT ALL ITS GAINS FOR THE ENTIRE YEAR

*The selloff is based more on fear than reality *EIA reported that global oil inventories rising by almost 0.7 million in second half per day Rising recession fears and maj ....

Crude oil

By Ibrahim Patel
Sep 23, 2022

OVERALL SENTIMENT IN THE ENERGY MARKET REMAINS NEGATIVE

*West sanctions could potential for Putin to weaponize energy even further *Indian refiners are set to skip purchases of Russia ESPO crude oil this month Overall sentiment ....

Crude oil

By Ibrahim Patel
Mar 06, 2022

IF THE WEST BANS RUSSIAN OIL INTERNATIONAL CRUDE PRICES COULD SKYROCKET TO $150

*If sanctions on Russia 5 million bpd of crude and 2.8 million bpd of refined Products stopped commanding in market *In the past 30 days and the contract's six-month spread hi ....

Crude oil

By Ibrahim Patel
Jan 31, 2022

CRUDE OIL WON’T TAKE MUCH TO GET PRICES $100 ITS INTENSIFY ENERGY CRISIS

*Crude oil on highest level since October 2014 *Brent into steep backwardation of $6.92 the widest since 2013 *Nigeria rekindled oil exports to sustain its economy Crude o ....