ExxonMobil and Turkey are in discussions regarding a multibillion-dollar agreement for the purchase of liquefied natural gas.Turkish energy minister Alparslan Bayraktar revealed in an interview with the Financial Times that the country seeks to diversify its energy suppliers to enhance national security. The potential deal would involve Turkey acquiring up to 2.5 million tonnes of […]
TotalEnergies announced on Monday that it has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play. This acquisition increases TotalEnergies’ natural gas production capacity in Texas and further strengthens its business integration in the U.S. LNG value […]
Shell, the oil supermajor, expects a sharp decline in its liquefied natural gas trading business in the first quarter of 2024, following a strong performance in the fourth quarter of the previous year. Additionally, it informed shareholders on Friday of its anticipation for oil trading results to surpass those of the last quarter of 2023 […]
Market Analysis – April 3 USOil faces a potential major pullback as the price approaches FVG in the premium zone. Oil faces the possibility of a major pullback following a market structure shift, with the Fair Value Gap serving as a key determinant of market sentiment. The Stochastic Oscillator currently suggests an impending pullback as […]
The February Consumer Price Index (CPI) report is scheduled for release on March 12, with subsequent reports on US retail sales and the Producer Price Index slated for March 14. In the coming week, Wall Street investors will closely monitor inflation data alongside other economic reports, which may offer insights into the US Federal Reserve’s […]
Saudi Arabia witnesses a rise in stocks following Sunday’s close, with the Industrial Investment, Transport, and Real Estate Development sectors leading the surge. At the close of trading in Saudi Arabia, the Tadawul All Share index increased by 0.05%. Among the top performers of the session on the Tadawul All Share were Etihad Atheeb Telecommunication […]
Participants in the commodity market will closely examine the Federal Reserve’s policy guidance in the upcoming week. Investors are on edge as the Federal Open Market Committee (FOMC) and the Bank of England (BoE) prepare for their upcoming meetings. The fluctuating risk sentiments stem from the latest US economic data and China’s plans to boost […]
Market Analysis – December 29th USOil Price remain poised for an aggressive decline as bears maintain control. The price of oil is showing signs of continuing its aggressive decline, potentially breaking below the significant level of 71.00. The bears are staggering but still determined to break through this key level, indicating a higher likelihood of […]
In continuation of yesterday’s sharp decline, oil prices witnessed another dip today, responding to the latest data on US crude inventories and the prevailing uncertainty in the Red Sea region. As of the time of this report, USOil (WTI) has experienced a 2.03% plunge, settling at $72.26. The American Petroleum Institute (API) released figures indicating […]
