Commodity DNA | Crude oil

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 ....

Crude oil

By Ibrahim Patel
Dec 12, 2021

CRUDE OIL DEMAND STILL POSE A RISK TO BULL MARKET STABILITY

*Oil prices dropped nearly 13% from seven-year highs of $86 a barrel in October *US will sell 18 million barrels of crude oil from its strategic petroleum reserve on Dec. 17 ....

Crude oil

By Ibrahim Patel
Oct 18, 2021

PREDICTIONS OF $100 OIL PRICE HAVE STARTED TO EMERGE ONCE AGAIN

*Crude oil would act as a trigger for sudden re-pricing of risk assets across the board *Control over the market’s marginal oil supply and oil prices is firmly in the hands of ....

Crude oil

By Ibrahim Patel
Jul 20, 2021

2 MILLION BPD TO GLOBAL SUPPLY BY THE YEAR END LEADING TO A LOWER CRUDE PRICE

*OPEC+ also plans to end all output restrictions by September 2022 *Predictions of $100 a barrel oil made by some investment banks are less likely to materialize The OPEC ....