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Nigeria's excess crude account balance plunges as economy struggles
Nigeria's rainy day fund from oil revenue plunged to $376,655.09 at the end of June, from $35.37 million the prior month, amid limited...
davy-brasco-team
Jul 27, 20221 min read
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Oil rises on U.S. inventory drop, Russian gas cuts
Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset...
davy-brasco-team
Jul 27, 20222 min read
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US: Durable Goods Orders rise by 0.7% in June vs. 0% expected
Durable Goods Orders in the US rose sharply in June. US Dollar Index stays near 107.00 ahead of FOMC policy announcements. Durable Goods...
davy-brasco-team
Jul 27, 20221 min read
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WTI retreats from intraday high as it tries to pare the previous day’s losses.
Convergence of six-week-old resistance line, 23.6% Fibonacci retracement guards immediate upside. 200-DMA, horizontal area from mid-March...
davy-brasco-team
Jul 27, 20221 min read
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Fed Day
Overview: Better US news from the likes of Google, Microsoft, and Texas Instruments has helped lift sentiment today and is encouraging a...
davy-brasco-team
Jul 27, 20228 min read
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Biggest Oil Stock ETF Sees Short Sellers Unwind Bets After Rout
Money managers rolled back bets against the biggest exchange-traded fund focused on oil-company stocks, signaling speculation that the...
davy-brasco-team
Jul 24, 20222 min read
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davy-brasco-team
Jul 24, 20220 min read
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Saudi Arabia Reveals Oil Production Capacity Limits
Saudi Crown Prince Mohammed bin Salman shared the production capacity ceiling of his country at the GCC summit. Last year, Saudi Arabia...
davy-brasco-team
Jul 24, 20222 min read
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Is It Time To Revisit The Iranian Trans-Caspian Pipeline Plan?
Russia’s invasion of Ukraine has transformed global geopolitics and has greatly increased the importance and significance of energy...
davy-brasco-team
Jul 24, 20224 min read
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How China Could Trigger The Next Sharp Selloff In Crude
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the...
davy-brasco-team
Jul 24, 20226 min read
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China’s Secret Debt Deals With Tajikistan Are A Cause For Concern
At the start of 2022, Tajikistan owed as much as $1.98 billion to state-run Export-Import Bank of China. Political scientist Parviz...
davy-brasco-team
Jul 24, 20224 min read
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The Middle East Oil Bonanza Will Slow In 2023
$100 Oil Is A Boon To Middle East’s Oil Exporters Triple-digit oil prices have accelerated economic growth in the major Middle Eastern...
davy-brasco-team
Jul 24, 20223 min read
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U.S. Oil Rig Count Unchanged As WTI Slumps Below $100
The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on...
davy-brasco-team
Jul 24, 20222 min read
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WHO declares rapidly spreading monkeypox outbreak a global health emergency
The WHO declared monkeypox a global health emergency. The rare designation means the WHO now views the outbreak as a significant enough...
davy-brasco-team
Jul 23, 20224 min read
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Oil and Natural Gas: Price recoveryDuring the Asian trading session, the price of oil consolidated
Oil analysis chart During the Asian trading session, the price of oil consolidated at around 121.00 dollars, and as the EU trading...
davy-brasco-team
Jul 23, 20221 min read
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WTI Crude Oil: Elliott wave analysis and forecast for 22.07.22 – 29.07.22
Main scenario: consider short positions from corrections below the level of 103.75 with a target of 84.25 – 79.00. Alternative scenario:...
davy-brasco-team
Jul 23, 20221 min read
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