2024-04-20 22:49
The energy markets breathed a sigh of relief on Friday, as the military conflict between the arch-enemies in the Middle East, Israel and Iran, appeared to have subsided - at least, for… Read More
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Crude Oil Futures Blog
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The blog that analyses the current trend in oil price and associated factors.
2024-04-11 10:44
Credit: Google MapsWith Iran's threat against Israel in a direct strike, the tension in the Middle East went up a few notches on the scale of uncertainty, as the United States made it… Read More
2024-04-08 07:34
Total Solar Eclipse: April 8, 2024: Vivax SolutionsThe lucky folks along a relatively narrow geographical band, from Mexico
all the way to Canda, are going to witness a rare celestial specta… Read More
2024-04-03 11:03
China's Manufacturing PMI - MarchWith China's manufacturing sector returning to the expansion territory in March, recording the highest manufacturing PMI since September, 2023, the economic… Read More
2024-03-27 22:26
Chart:www.oilfutures.co.uk | Data: OPECAs the 53rd JMCC, Joint Ministerial Monitoring Committee, of the OPEC+ is scheduled to take place on April 3, analysts are looking at every possi… Read More
2024-03-20 11:31
www.oilfutures.co.ukThe data from 2023 clearly shows that China, the world's top importer of crude oil, is a factor that cannot be ignored when it comes to the stability in the crude o… Read More
2024-03-13 23:49
The latest data from the EIA, US Energy Information Administration, suggests that the US had been the largest producer of crude oil in 2023, despite turning to other sources to boost t… Read More
2024-03-07 12:39
The Quiz: Multiple Choice Questions
Time: 10 minutes
- Created by Crude Oil Futures -
This quiz covers significant milestones, key players, and evolving challenges in the oil and gas industr… Read More
2024-03-05 16:23
China's purchasing manager's Index, PMI, a key metric that signals the health of the manufacturing sector in the world's second largest economy, fell slightly in February, despite scor… Read More
2024-03-02 14:09
The price of crude oil shot up slightly at the beginning of this week, only to come down closer to where it had been in the last few weeks. The price of LNG, liquified natural gas, mea… Read More
2024-02-20 16:40
Estimated Commodity Prices - Google With the war in the Middle East at a critical juncture, especially when it comes to the potential casualties of the beleaguered Palestinians near the… Read More
2024-02-16 16:16
Prices of LNG and Oil on16 Feb 2024 As the feared 'R' word started doing rounds yesterday with Britain falling into recession, the energy markets have gone into shock-absorbing mode for… Read More
2024-02-04 22:39
US Shale BoomThe US shale boom has regained its lost momentum in the immediate aftermath of Covid-10 pandemic. According to the latest data, both Exxon Mobil and Chevron have reported s… Read More
2024-01-31 00:48
B-52 BomberThe US seems to have clearly decided to retaliate over the drone attack on its base in Jordan on Sunday that resulted in the death of three servicemen and injuries to many m… Read More
2024-01-21 00:05
Swirling volatility in the oil marketsThe distant horizon of the crude oil markets seems to be punctuated by both peril and promise in the New Year, as the factors that caused volatility in… Read More
2024-01-10 23:34
Oil and gas prices - January, 2024As the energy markets attempt to limping back to normal after a long period of holidays, the prices of commodity did not show any sign of revival. On… Read More
2024-01-02 10:20
Contraction in China's Manufacturing The latest data released by China's National Bureau of Statistics clearly shows that the the activities of the global manufacturing powers hou… Read More
2024-01-01 01:27
Oil and gas industry - Happy New YearAs the clock struck at midnight and we ushered in the fresh slate of 2024, it's a proud moment to raise a glass - or a hard hat, if safety's your… Read More
2023-12-28 16:41
CTL - New construction regulations, Saudi ArabiaThe Saudi cabinet on Tuesday, according to Saudi Press Agency, SPA, approved the controversial contracting regulations for firms that are not… Read More
2023-12-25 14:19
F-16 vs S-400The battlefront in Ukraine that lost the attention of the global media at the onset of the war between Israel and Hamas, suddenly grabbed the headlines once again, as the involv… Read More
2023-12-20 14:59
Houthi attacks on ships in the Red SeaThe rate of attacks on commercial ships in the Red Sea by the Houthi rebels in Yemen is increasing in proportion to the Israel firepower directed at Ham… Read More
2023-12-17 21:52
Japanese refinery closures - 2024The beleaguered crude oil markets that look forward to seeing a glimpse of hope in the coming New Year, was dealt yet another disastrous blow last… Read More
2023-12-11 23:58
Source: CREADespite the sanctions, Russia still exports fossil fuel to a significant group of countries that include some countries in the EU. Since exporting fossil fuels has been a corners… Read More
2023-12-10 12:08
Bearish mood in the crude oil marketsIn proportion to the rate of optimism for a price rebound in the crude oil markets wearing thin, the hyperactivity of the stakeholders in the fos… Read More
2023-12-01 12:42
Estimated oil production cuts in 2024 by countryThe OPEC+ meeting that took place yesterday, having been rescheduled for inexplicable reasons after four days, did not live up to the hy… Read More
2023-11-29 00:27
Trials and tribulations of the OPEC+All eyes are on the rescheduled meeting of the OPEC+ that is going to take place tomorrow online, if they have overcome the stumbling blocks th… Read More
2023-11-27 15:52
OPEC+ and IEA lock horns...On November 22, 2023, the Organization of the
Petroleum Exporting Countries (OPEC) and Russia, collectively known as the OPEC+, surprised
the energy markets by ann… Read More
2023-11-22 11:49
India: energy factsAt present, the speculations run rife in the energy markets about the next move by Saudi Arabia and Russia in the face of falling oil prices. Every oil analyst… Read More
2023-11-16 16:40
Venezuela oil exportThe pendulum of oil prices is back in the bearish territory, dealing a heavy blow to the ambitious producers in the OPEC+, mainly Saudi Arabia and Russia that tried… Read More
2023-11-12 09:20
Falling profits of Saudi Aramco - 2023Aramco, the Saudi national oil company and the world's second largest company by revenue, reported 23% fall in year-on-year profit on Tuesday; in… Read More
2023-11-08 12:54
Oil prices in November: Impact of Iranian and Venezuelan Contributions The price of crude oil dramatically declined this week despite the anxieties over the potential disrupt… Read More
2023-11-02 23:11
China's Manufacturing PMI - October, 2023At present, commodity markets are not short of uncertainties that constantly stem from the combination of the crises in the Middle East and&nbs&hell…Read More
2023-10-24 13:27
Oil price on Tuesday - 23/10/23: www.oilfutures.co.ukThe US recently eased its sanctions against Venezuela on condition that the government led by Nicolas Maduro would hold free and fair ele… Read More
2023-10-19 10:12
Japanese economy - feeling the pinch of rising energy costsAs the war between Israel and Hamas enters its second week, with no sign of the hostilities being on the wane, Japan, appealed &hell…Read More
2023-10-12 09:55
Gaza conflict and and oil and gas pricesAs the war between Israel and Hamas enters the sixth day, the oil markets appear to have found the stability with the volatility that we witness… Read More
2023-10-05 09:20
Oil price fluctuation - Thursday, 5 OctoberThe price of crude oil substantially fell on Wednesday, despite the decision by the OPEC+ to sticking to the production cuts already made by Russia… Read More
2023-10-02 22:44
Oil and gas exploration - data exchangeStarlink, the constellation of satellites owned by SpaceX headed by the legendary visionary, Elon Musk, appears to be helping with data access be… Read More
2023-09-26 10:03
Oil price on September, 25 - www.oilfutures.co.ukThe seemingly unprovoked attack by the Houthi rebels on a contingent of Bahraini soldiers, who had been guarding the southern border between… Read More
2023-09-22 23:23
The price of crude oil that went up by nearly 10% in the last few days, remained just above $90 as the markets closed for the weekend.As the analysts blamed the rise in price of cr… Read More
2023-09-17 14:36
Diesel Usage in IndiaThe sale of diesel in India, the world's third largest consumer of fossil fuel, has unexpectedly fallen in September, according to the latest data.The fall in sale… Read More
2023-09-09 09:21
Rising oil prices and looming threat of inflationThe price of crude oil has been rising for the past few days with that of WTI going above $90 mark for the first time since November, l… Read More
2023-08-26 08:38
The oil prices are in decline again despite the larger-than-expected draw in US crude stocks this week. Although the production cuts announced by Saudi Arabia and Russia have been… Read More
2023-08-12 10:33
Rising oil prices in AugustThe price of oil has been on the rise for two successive months, a development can partially attributed to the production cuts of over 1.5 million bpd by two leadi… Read More
2023-07-31 19:26
China's Manufacturing PMI - July 2023Oil price has been on the increase and the production cuts announced by Russia and Saudi Arabia have already been attributed to the sudden spike th… Read More
2023-07-30 13:18
Oil price in July, 2023The price of crude oil rose almost by $6 this week, a development that can easily be attributed to the anxiety over the perceived shortage in supply due to the pr… Read More
2023-07-22 12:13
WTI and Brent Price on 21 July 2023The price of Brent crude oil went up above the market-sensitive threshold, $80 a barrel on Friday, having fluctuated just below the value during the… Read More
2023-07-14 18:31
2023-07-14 11:14
Russian - EU oil trade - restrictionsThe price of crude oil rose this week, having come out of the static loop that it has been in for weeks. As of 09.30 GMT on Friday, the prices… Read More
2023-07-06 23:19
Oil price and production cutsOn the seesaw of uncertainty, the speculators of the price crude oil and two of the major producers of the OPEC+, are, metaphorically speaking, trying to g… Read More
2023-07-01 14:07
China's Manufacturing Managers' PMI for June, 2023China, the world's second largest economy, released its monthly data on Manufacturing Purchasing Managers' Index, known as the PMI, th… Read More
2023-06-24 11:07
Oil price stagnation in 2023Having recorded more than 4% fall on Thursday, the price of oil has slipped back into the realm of stagnation, much to the frustration of traders and of cou… Read More
2023-06-15 18:30
Oil price and politics in the Middle EastThe price of oil remains static despite the production cuts announced by Saudi Arabia, the world's top exporter of crude oil, recently. At pres… Read More
2023-06-07 14:00
Oil prices in 2023With the oil price rally that we saw on Monday being dubbed as one of the shortest of its kind, Saudi Arabia, the largest crude oil exporter in the world, has been le… Read More
2023-05-31 11:07
China's Manufacturing Purchasing Managers' Index, best known as the PMI, fell again in May, according to the latest data released by China's National Bureau of Statistics. This is is t… Read More
2023-05-29 14:39
As the bipartisan discussions on the US debt ceiling appeared to have averted an impasse, the impact of yet another unexpected development on the energy markets drifts slowly into obli… Read More
2023-05-20 10:58
US Debt Crisis - 2023With just ten days to go before the D-day, the decisive day or more aptly called default day, not only does the US place its reputation on the line, but also inadv… Read More
2023-05-12 18:56
The prevailing bearish sentiment in the oil markets does not seem to be shifting towards a watershed moment anytime soon in light of plenty of worrying economic indicators.The Bank of… Read More
2023-05-02 17:11
www.oilfutures.co.ukFrom time to time, we have been asked by experts in many different fields not to put all our eggs in one basket. Agreed and followed up to the letter. The inve… Read More
2023-04-26 09:08
The price of crude oil fell on Monday when the markets opened for business and it has since been back on the static trend despite the substantial production cuts by the OPEC+.Although… Read More
2023-04-21 10:18
The prices of crude oil slipped into yet another statistically chaotic week as the latter draws to a close, having been through some wild fluctuations that defied reason.As of 10:30 GM… Read More
2023-04-12 13:42
China's Crude ImportsThe move of production cuts made by the OPEC+, branding it as a 'precautionary measure' has not been successful in pushing the crude oil price up, apart from creating an… Read More
2023-04-06 18:27
Oil price - April 6The price of crude oil, despite going up by almost 6% on Monday morning, thanks to the abrupt production cuts announced by the OPEC+, lost it momentum again as the days wo… Read More
2023-04-03 09:30
The sudden announcement by the OPEC+ - OPEC plus Russia - took us, the mere mortals, by surprise and it was a bolt from the blue, indeed. The prominent members of the group announced th… Read More
2023-03-24 14:58
The price of crude oil continues to fall as the increased demand from China did not buckle the trend, something that was anticipated by a large number of analysts. Falling banking stocks in… Read More
2023-03-17 21:04
Volatility in the crude oil marketsThe significant fall of crude oil price on Wednesday that was attributed to the troubles in the banking sector, slightly eased on Thursday, as the Sw… Read More
2023-03-08 14:41
The price of crude oil remains in the volatile territory, despite the encouraging news on the Chinese factory activities, indicated by its long-waited Manufacturing Managers' Purchasin… Read More
2023-03-01 17:08
China's manufacturing activity in February, judging by its latest data on manufacturing purchasing managers' index, the PMI, has beaten forecast and recorded an impressive record - 52… Read More
2023-02-23 00:37
The price of crude oil has remained static during the first three days of this week, completely in line with the recent trend.As of 16:20 GMT, the price of WTI, Brent and LNG, liquifie… Read More
2023-02-16 01:03
The US crude stocks have gone up in an unprecedented way during the past week, defying the estimates of the seasoned analysts, leaving the crude oil markets in a state of confusion, at best… Read More
2023-02-06 15:55
In the ascending order of the ladder of relevance, there seems to be some good news as far as the stability of the crude oil markets are concerned; China has reported that a key index… Read More
2023-02-03 16:13
The prices of crude oil are heading for yet another weekly loss, as the conditions that first appeared to form a collective catalyst, are no longer viewed as strong as they were, when the se… Read More
2023-01-28 20:36
The investors of the crude oil markets managed to breathe a sigh of relief last week as the prices of the two benchmarks, WTI and Brent, remained fairly static, despite the unfavourabl… Read More
2023-01-25 16:51
With the end of the winter just 4 week away, the gas prices in Europe did not skyrocket as anticipated by both investors and analysts - and feared - by the ruling elite.On the contrary… Read More
2023-01-16 15:00
The price of crude oil dropped again when the markets opened for business on Monday.As of 14:00 GMT, the prices of WTI and Brent stood at $79.28 and $84.58 respectively. The price of LNG, li… Read More
2023-01-10 17:05
Throughout human history, the non-linear timeline of new inventions had always been punctuated by the dots of skepticism at best and unbridled ridicule at worst.The men and women… Read More
2023-01-04 16:54
The price of natural gas, LNG, has fallen more than 50% from its peak, when Russia invaded Ukraine. The unprecedented plummeting in price of the commodity has left both investors… Read More
2022-12-31 12:33
Although the prices of crude oil slightly recovered from the steady downward trend, it is unlikely to reach the economically-crucial $100 a barrel anytime soon, even by the predictions… Read More
2022-12-24 12:53
As the US braced itself for the so-called bomb cyclone before the weekend, the oil price that has been plummeting for weeks, got a sudden boost and went up.As crude oil markets closed… Read More
2022-12-12 10:52
The price of crude oil has been falling for weeks and the US crude stocks are no longer the crucial factor that determines its trend. Had it not been for the relatively high price of L… Read More
2022-12-05 11:24
The oil price that rose for two successive days before the weekend, only to fall back to where it was during the most part of last week, rose slightly on Monday when markets were open… Read More
2022-12-02 18:24
The price of crude oil that had been falling for three successive weeks, received a substantial boost this week from none other than the EIA, the US Energy Information Administration.The EIA… Read More
2022-11-26 12:09
European gas prices that have been steadily rising in the last two weeks played a definite role in stopping the crude oil from plummeting due to gloomy economic developments across the… Read More
2022-11-21 14:25
The price of crude oil tumbled further when the markets opened for business on Monday, reflecting the widespread anxieties over the health of the global economy, exacerbated by the ris… Read More
2022-11-17 16:39
The short-lived boost enjoyed by the oil markets, thanks to the significant crude draw announced by the EIA, US Energy Information Administration, this week lost its spark on Thursday… Read More
2022-11-09 11:27
The price of crude oil that had been steadily rising for the past three weeks lost its momentum once again on Tuesday and continued to stay that way on Wednesday, when the markets opened for… Read More
2022-11-05 15:59
The price of crude oil, which almost mimicked a turbulent whirlpool in a swollen river for the past few weeks, finally seemed to have found a certain sense of direction.For three successive… Read More
2022-10-27 10:31
Apart from incurring the wrath of the US, the OPEC+ does not seem to have achieved any substantial financial benefit from its much-trumpeted production cut announced on October 5, in respons… Read More
2022-10-21 14:25
As the oil price did not go up the way the OPEC+ expected, apart from temporarily being on the crosshairs of the US, analysts believe only a strategy of maintaining a price, ranging fr… Read More
2022-10-18 13:27
With the US midterm election just 3 weeks away, the Biden administration is clearly taking the scenario of fuel price hikes seriously - in the wake of the decision made by th… Read More
2022-10-14 13:56
The cut in crude oil output, agreed by the OPEC+ a few days ago, does not appear to be doing the trick as far as the price is concerned.On the contrary, the price, at best has been sta… Read More
2022-10-08 12:03
Judging by the reaction on impulse, the production cuts announced by the OPEC+ on Wednesday, has clearly left the Biden administration of the US between the rock and a hard place… Read More
2022-10-05 15:52
The price of crude oil has been rising in the markets on Wednesday in anticipation of a production cut by the OPEC+ during its monthly meeting in Vienna, Austria.Some ministers of the… Read More
2022-09-28 11:12
Hurricane Ian that is about to batter the west coast of Florida appears to have spared the major US oil refineries along the Gulf Coast, although the inhabitants of the southern state… Read More
2022-09-26 14:10
The price of crude oil has been falling for three successive weeks despite the obvious concerns about a steady supply in the evolving political uncertainties across world - including t… Read More
2022-09-22 12:19
Crude oil price on ThursdayJacob Rees-Mogg, the new Business Secretary of the United Kingdom, made it clear today that the moratorium on fracking has been lifted, paving the way fo… Read More
2022-09-20 15:15
source: Anadolu DataThe positive correlation between the prices of crude oil and LNG, liquified natural gas, has been continuing this week too, eclipsing the significance of the US cru… Read More
2022-09-16 08:23
US Strategic Petroleum Reserves - 2022The prices of crude oil seem to have found their respective new equilibrium during the past few weeks, having fluctuated wildly at the early stage… Read More
2022-09-12 10:11
The European energy crisis that shows no sign of easing at present, now faces yet another challenge due to the shortages of a fossil fuels, usually dubbed as the dirtiest of all… Read More
2022-09-08 10:27
China's manufacturing PMI, Purchasing Managers Index, rose by 0.4%, according to the National Bureau of Statistics of China, in August with respect to that of July, although it is stil… Read More
2022-09-06 10:46
The price of crude oil did not spike due to the modest output cut announced by the OPEC+, in order to stop the prices of the commodity from falling. The price, however, remained r… Read More
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