On Friday, oil traders opined, Saudi Arabia is likely to cut crude oil prices to Asia in June following a slump in demand from China, which is seeing increasing COVID lockdowns which are curbing demand. China is the world’s biggest… Read More ›
crude oil prices
Gold prices touch $1700 per ounce for the first time in 7 years
On Monday, for the first since late 2012, gold prices surged past $1,700 per ounce levels following a widening China’s coronavirus outbreak worldwide even as crude oil prices along with equities touched new lows as investors scurried for safe havens…. Read More ›
Crude oil prices peak in the midst of consolidation of power in Saudi Arabia
According to industry analysts, the ongoing purge in Saudi Arabia is likely to have little immediate impact on oil prices since the Crown Prince is committed to maintaining a continuance to existing policies, including cutting down the glut in the… Read More ›
Tightening oil supplies in the global oil pool leading to higher crude out prices
While OPEC’s price cuts are slowly driving up crude oil prices upwards, analysts from BofA Merrill Lynch have forecast higher crude oil prices for the remainder of 2017 and early 2018 citing rising geopolitical tensions between the U.S. and Iran…. Read More ›
Airbus, Boeing vie for Sydney-London jet contract from Qantas
Analysts say the route will be commercially viable for Qantas as long as the price of crude doesn’t cross $70 a barrel. Airbus and Boeing have now the capability to manufacture aircrafts that can do non-stop commercial flights from Sydney… Read More ›
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