Tag: OPEC
Who controls crude oil prices
Joy -
Crude oil is one of the most valuable and widely traded commodities in the world. As such, the price of crude oil has a...
Bitcoin Spikes after Sharp Drop! The odds of a 100 basis point rate hike surged after U.S. inflation hit 9.1 percent in June
jack wei -
The consumer price Index (CPI) in June was released in the evening of yesterday (13). The annual increase rate reached 9.1%, the biggest increase...
What is BBL oil
jack wei -
BBL oil, also known as Brent Blend crude oil, is a type of light sweet crude oil that is extracted from the North Sea....
What drives oil prices
jack wei -
Oil is one of the most important commodities in the global economy. It is used in various industries and has a significant impact on...
OPEC Secretary-General: Global oil demand will exceed pre-pandemic levels in 2023
jack wei -
On February 13, OPEC Secretary-General Argus said that OPEC expects global oil demand in 2023 to exceed the level before the epidemic; by 2025,...
Call options and put options
jack wei -
A call option is an option term.The buyer buys the right to buy one type of currency and sell the other at the agreed...
Exchange adjustment trading and exchange futures trading
jack wei -
A SWAP IS A TRANSACTION IN WHICH A SUM IS INVOLVED, THAT IS, A SALE OR PURCHASE OF FORWARD FOREIGN EXCHANGE AT THE SAME...
Stocks rise as investors await U.S. jobs data for Fed cues
By Kanupriya Kapoor (Reuters) - Asian shares rose broadly on Friday morning after softer-than-expected U.S. employment data raised the possibility of the Federal Reserve turning...
Low international oil prices, economic recession sparked demand concerns
jack wei -
In the past two months, against the backdrop of weakening demand expectations, international crude oil prices have fallen by more than 20%. Analysts said...
U.S. crude oil exports hit 5 million barrels per day
jack wei -
International oil prices have recently turned heads, as U.S. crude oil sales overseas are set to hit a new record by 2023 as U.S....
Saudi raises possibility of oil output cuts
jack wei -
On August 29, local time, international oil prices rose by more than 4%. Last week, OPEC's top producer Saudi Arabia raised the possibility of...
The current oil price is still high, the Fed will continue to take measures to fight inflation
jack wei -
In the external market, U.S. crude oil opened at $88.09 per barrel, down 0.16% so far, with the highest price at $88.15 and the...