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
- 2 min
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...
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davy-brasco-team
- Jul 27
- 1 min
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...
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davy-brasco-team
- Jul 27
- 1 min
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...
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davy-brasco-team
- Jul 27
- 8 min
Fed Day
Overview: Better US news from the likes of Google, Microsoft, and Texas Instruments has helped lift sentiment today and is encouraging a...
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davy-brasco-team
- Jul 24
- 2 min
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...
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davy-brasco-team
- Jul 24
- 2 min
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...
18 views0 comments
davy-brasco-team
- Jul 24
- 4 min
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...
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davy-brasco-team
- Jul 24
- 6 min
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...
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davy-brasco-team
- Jul 24
- 4 min
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...
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davy-brasco-team
- Jul 24
- 3 min
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...
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davy-brasco-team
- Jul 24
- 2 min
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...
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davy-brasco-team
- Jul 23
- 4 min
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...
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davy-brasco-team
- Jul 23
- 1 min
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...
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davy-brasco-team
- Jul 23
- 1 min
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:...
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