The International Energy Agency (IEA) has revised its forecast for crude oil demand slightly downwards this year. This was due to a significant slowdown in demand in the second quarter, particularly in the emerging economies, where the annual increase was the lowest since 2020, which was impacted by the COVID-19 pandemic, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
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The Lure of Profit: How India’s Banks’ Recklessness May Lead to Disaster
India’s banks spent most of the last decade out in the wilderness, as a punishment for the lax underwriting standards on their corporate loans. Now they have regained their health, restored profitability and reestablished investors’ trust. The benchmark Nifty Bank Index is close to an all-time high. With everything going well, the lenders should be turning cautious. But recent full-year results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent.
Brent Crude Oil Price Forecast: Signs of a Major Reversal Appearing
Crude oil has witnessed elevated prices for the better part of 2H 2021 on the back of the global economic recovery which has taken place ever since the April 2020 low. However, oil had some difficulty surpassing the 2018 high at the historically important $86.67 area (highlighted with blue circles).
Crude Oil Futures: Addition Rebound Likely – Neal Bhai Reports
Crude Oil Futures: Thinking about preliminary readings from cme group for crude oil futures markets, traders brought round 14.3k contracts to their open hobby positions, reaching the 3rd every day boom in a row. Extent followed fit and rose with the aid of round 285.5k contracts.
Oil Extends Drop as Investors Assess Reserve Release, Covid Wave
Oil extended declines — after four weeks of losses — on signs the U.S., China and Japan are all preparing to tap national crude reserves as concerns over accelerating inflation intensify.
Crude Oil edges up as supplies remain tight with no SPR release
Crude Oil reversed losses to close slightly higher after another day passed without an announcement from the Biden Administration to tap U.S. crude oil reserves.
Oil at $100 a Barrel Is ‘Possible’ This Winter, Mercuria Says
It’s “possible” that oil will hit $100 a barrel this winter, but $80 to $90 is the expected range, said Marco Dunand, the chief executive officer of commodities trader Mercuria Energy Group Ltd.
Oil at $100? Big Oil CEOs Join Traders in Seeing This Possibility
Oil at $100? The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply.
WTI Oil Hits $70 for First Time Since 2018 as Market Tightens
WTI Oil in New York hit $70 a barrel for the first time since October 2018 as upbeat comments on the market from major trader Vitol Group added to optimism over the global demand recovery.
Crude Oil edges higher on weaker dollar, demand optimism
Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.