WTI Crude Oil Continues Rising Supported by Strong US Economy and China’s Economic Stimulus Measures

WTI Crude Oil Continues Rising Recently, it broke the level of 80 dollars in response to the strong US economy. This will be a factor supporting oil demand. At 10:24 p.m. Thai time, West Texas Crude Oil Contract (WTI) for September delivery Which traded on NYMEX plus $ 1.39, or 1.76%, to $ 80.17 / … Read more

WTI Crude Futures Rise 3% Amid Concerns about Tight Oil: Saudi Arabia and Russia Announce Supply Cuts

WTI crude futures rose nearly 3% to $79 amid concerns about tight oil. At 00:01 Thai time, West Texas Crude Oil Contract (WTI) for delivery in September. which traded on NYMEX plus $ 2.16, or 2.8 percent, to $ 79.25 per barrel. Saudi Arabia and Russia announced cuts in oil supply in the market. Saudi … Read more

The Rise of WTI Crude Futures to $77 Amid Concerns About Oil Tightness and Market Cutbacks

WTI crude futures rose nearly 2% to $77 amid concerns about tight oil. At 1:38 a.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in September. Which traded on NYMEX plus $ 1.42, or 1.88%, to $ 77.07 / barrel. The market was positive on concerns about oil tightness. The US Energy Information … Read more

US Stock Market Resumes Rise on China’s Slowing Economy: Activision Blizzard Shares Rise, Ford Motor Falls

US Stock Market Resumes Rise on China’s Slowing Economy: Activision Blizzard Shares Rise, Ford Motor Falls

The US stock market resumed its rise on the 17th. Investors were leaning toward the end of tightening U.S. monetary policy as data showed China’s economy was slowing. S&P 500 Stock Index 4522.7917.370.39% Dow Jones Industrial Average 34585.3576.320.22% Nasdaq Composite Index 14244.95131.250.93% Activision Blizzard shares rose. Regarding Microsoft’s planned $69 billion (approximately 9.59 trillion yen) … Read more

Significant Decline in Russian Seaborne Crude Oil Supply Signals Impact of Production Cuts

Significant Decline in Russian Seaborne Crude Oil Supply Signals Impact of Production Cuts

More than four months after the announcement of the production cut, Russia’s seaborne crude oil supply is finally starting to show signs of a decline. Ship-tracking data monitored by Bloomberg and confirmed by other data sources showed that crude exports from western Russian ports rose from February through late June, but fell in the four … Read more

Indonesian Coast Guard Seizes Iranian Supertanker Suspected of Illegal Oil Transshipment

Indonesian Coast Guard Seizes Iranian Supertanker Suspected of Illegal Oil Transshipment

The Indonesian Coast Guard Agency (BAKAMLA) announced on July 11 that it had seized an Iranian-flagged supertanker suspected of being involved in illegal transshipment of crude oil, and indicated a policy to strengthen maritime security. The photo shows the Iranian flagged MT Arman 114 and the Cameroonian flagged MTS Tinos, released by BAKAMLA on the … Read more

WTI Crude Futures Rise 1% to $70 After US Inflation Data: Impact on Interest Rate Hikes by the Fed

WTI crude futures rose more than 1% to $70 after the US released the Personal Consumption Expenditure (PCE) price index, indicating that inflation had peaked. And will be a factor to slow down interest rate hikes by the Federal Reserve (Fed). At 9:55 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in … Read more

WTI Crude Futures Soar 2% as US Crude Inventories Decrease, Reflecting Increased Demand in the Market

WTI crude futures rose more than 2% to $69 after US crude inventories fell last week. which indicates increased demand in the market. At 10:56 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in August. which traded on the NYMEX plus $ 1.61, or 2.36%, to $ 69.31 / barrel. The U.S. … Read more

US Secretary of State Blinken meets with Saudi Crown Prince to discuss bilateral relations

US Secretary of State Blinken meets with Saudi Crown Prince to discuss bilateral relations

During a visit to Saudi Arabia, US Secretary of State Brinken met with Crown Prince Mohammed bin Salman and discussed bilateral relations. The state-run Saudi Press Agency (SPA) reported on the 7th. FILE PHOTO: Washington, D.C. May 16, 2023. REUTERS/Elizabeth Frantz CAIRO (Reuters) – US Secretary of State Brinken met with Crown Prince Mohammed bin … Read more