Oil

Oil Prices Ignite Amid Geopolitical Flames and Market Tremor

Key Points Oil prices jumped over 3% due to escalated Middle East tensions and U.S. fuel stock declines. U.S. Energy…

3 months ago

Navigating Global Commodities Turmoil

Citi revises Brent crude price forecasts for 2024 and 2025 due to oversupply, setting 2024 expectations at $74 per barrel​.…

3 months ago

Oil Prices Dip by 0.6% Amidst Geopolitical Easing

Key Points Geopolitical tensions from the Israel-Hamas conflict drove oil prices to a 6% increase last week. Brent crude futures…

3 months ago

Navigating Through Weak Demand and Supply Gluts

At A Glance Weak demand should suppress base metal prices; copper and aluminium may see modest gains. Nickel should slump…

3 months ago

OPEC+ Slashes Crude Output by 340k b/d January 24

Key Points January 2024 witnessed OPEC+ crude output fall by 340,000 barrels per day (b/d), the largest decline in six…

3 months ago

From Oil Optimism to Base Metal Cautions

As of February 5, 2024, the commodities market is witnessing notable changes driven by global economic trends, investor sentiment, and…

3 months ago

Oil Prices Sway: Brent Crude Up 0.1% to $77.43

Key Points Brent crude futures see a slight increase, reaching $77.43 a barrel by 1420 GMT on February 5, 2024.…

3 months ago

Drop in Oil Prices Towards 77 Dollars

The global oil market has recently witnessed a significant shift as prices approach the $77 per barrel mark. This decline…

3 months ago

ICE Brent Dips Below $80 Amid Market Turbulence

Key Points Last week witnessed a 7.4% plunge in ICE Brent, dipping below US$80/barrel amidst a volatile oil market. Speculations…

3 months ago

China-Africa Trade in 2023: 1.5% Growth Amid Shifts

In 2023, China-Africa trade dynamics evolved, presenting a complex landscape of economic interactions. The overall trade volume slightly increased by…

3 months ago

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