TAG: umairenergy
Oil Market Faces Long-Term Pressure As China Pushes for Clean Energy Solutions
China’s energy transition is rapidly reshaping its oil demand as the country shifts towards electric vehicles and LNG-fueled trucks, leading to a slowdown in oil consumption growth. This is causing a decline in global oil demand due to cleaner energy adop...
1 month ago
Natural Gas Poised for Bullish Continuation with Solid Demand
Natural gas (NG) has become a critical player in the global energy landscape, attracting attention due to its role in driving economic growth and its potential to serve as a cleaner alternative to other fossil fuels. With evolving geopolitical dynamics, a...
4 weeks ago
Oil Market Rebound From Technical Support Amid Rising Middle East Tensions
Brent crude oil has recently experienced a notable recovery, driven by economic shifts and geopolitical tensions. After dropping below $72, prices rebounded following the US Federal Reserve’s rate cuts. This recovery also comes amid fluctuating inventory...
3 weeks ago
Natural Gas Prices Gaining Strong Upward Momentum
As the global energy market evolves, natural gas remains a key component, recognized for its adaptability and relatively lower emissions than traditional fossil fuels. This article follows the previous one, which discussed the expectation of a strong surg...
3 weeks ago
Oil, Natural Gas, US Dollar Technical Analysis in the Face of Geopolitical Uncertainty
Brent Oil (BCO) prices have continued to surge over the past few days due to an escalating geopolitical crisis in the Middle East. The situation intensified with the potential for Israel to strike Iran in response to the October 1st missile attack. This d...
1 week ago
Crude Oil, Natural Gas, and US Dollar Technical Analysis: Price Patterns and Key Levels
WTI crude oil (CL) dropped on Tuesday and consolidated below key levels. However, it rebounded from the session low following the release of gasoline inventory data. The data showed a decline of 6.3 million barrels from the previous week. A decrease in ga...
6 days ago
Oil and Natural Gas Technical Analysis Following China’s Inflation Decline
Crude oil prices dropped on Monday after China’s Consumer Price Index (CPI) increased by only 0.4% in September, missing the expected 0.7%. The lower-than-expected CPI points to weaker consumer spending in China, a major driver of global energy demand. Th...
1 day ago