TAG: Petroleum
Former Tory energy minister quits as MP over Sunak’s ‘harmful’ push for new oil and gas
The former energy minister who signed the U.K.’s 2050 net-zero target into law has quit the Conserva...
8 months ago
Norway doubles down on deep-sea mining bet despite green fears
The Norwegian government wants to fire the starting gun on the exploitation of rare metals and miner...
8 months ago
How Houthi rebels are threatening global trade nexus on Red Sea
The U.S. is mustering an international armada to deter Iranian-backed Houthi militias from Yemen fro...
8 months ago
Trading the trend: long Brent crude oil
(AI Video Summary) Previous VIX trading outcome In this weel's "Trading the trend" video, Axel Rudolph talks about his recent trades and this week's trading idea. He mentions that he had made a bet that the volatility index (VIX) would go up, but unfortun...
6 months ago
The Fed remains cautious
European markets European markets closed higher on Wednesday, shaking off some of the negative sentiment seen at the start of the new quarter. In the US, the S&P 500 and Nasdaq composite posted modest gains. In Asia, Japan’s Nikkei outperformed the re...
6 months ago
Tesla shares fall on delivery miss
APAC equity markets Asia–Pacific (APAC) equity markets fell overnight in the wake of US indices performance on Tuesday. Dow Jones Industrial fell for a second day as economic data pushed Treasury yields higher. The probability of a Fed rate cut in June ha...
6 months ago
Oil prices ease on Middle East ceasefire talks
Crude prices gained around 4% last week on escalating geopolitical tensions, but looking at geopolitics is just one part of the picture. IGTV's Angeline Ong explains how supply, demand and OPEC affect the direction of oil prices. (AI Video Summary) A...
6 months ago
Outlook on the BP share price ahead of Q1 earnings
BP profits may slow BP PLC is scheduled to report its first quarter 2024 financial results on May 7, 2024. Analysts expect BP's profits to slow due to a lower oil price, weaker refining margins and concerns over its energy transition strategy. Despite th...
5 months ago
Gold price and natural gas price hit support, while WTI crude price rebounds
Gold back to 50-day moving average The spot gold price slumped to the 50-day simple moving average (SMA) yesterday, completing the reversal from the rally on Wednesday. A close below the 50-day SMA would likely point the way to more losses, and brin...
2 months ago
Gold price and silver price head down while Brent crude price stabilises
Gold does a 180 degree turn Spot gold saw an impressive reversal yesterday that negated the outlook for a turn higher and has put the sellers back in charge. The price is heading lower, and towards the 50-day simple moving average (SMA). A close bel...
2 months ago
Gold price pushes higher and silver price stabilises, but Brent crude price comes under more pressure
Gold looks for more gains Spot gold continues to form a higher low above the 50-day simple moving average (SMA). Continued price action above the 50-day SMA will reinforce the view that a low has formed and that a new push towards the recent highs c...
2 months ago
Gold price rally continues, while WTI crude price and natural gas price rebound
Gold keeps on rising The rebound continues here, and spot gold looks on course to test its recent highs. The next level to watch is the high from earlier in July, at $2483. A close above this puts the price at a new record high. A close back below $...
2 months ago
Gold price and silver price rise and Brent crude price surges on geopolitical news
Gold price targets new highs The spot gold price continues to rally, and with both daily stochastics and moving average convergence/divergence (MACD) providing bullish crossovers the bullish view has received fresh support. Further gains target the...
2 months ago
Oil prices surge amid Middle East tensions and record US demand
Geopolitical risks drive market uncertainty Oil prices are surging as tensions in the Middle East escalate and US oil demand reaches new heights. The recent assassination of Hamas's political leader Ismail Haniyeh in Iran by Israeli forces has sparke...
2 months ago