Saudi Arabia’s Oil-Market Pessimism Vindicated
For Saudi Arabia, bad news in the oil market has rarely been such a vindication. Two weeks ago, the world’s biggest crude exporter stunned energy traders.
European markets edge higher ahead of Joe Biden’s inauguration
Biden will succeed President Donald Trump as the 46th president of the United States shortly after noon ET. U.K. inflation doubled in December, despite stringent coronavirus restrictions over Christmas.
Electric car batteries with five-minute charging times produced
Batteries capable of fully charging in five minutes have been produced in a factory for the first time, marking a significant step towards electric cars becoming as fast to charge as filling up petrol or diesel vehicles.
EUR/USD pressured below 1.21
EUR/USD is trading below 1.21, consolidating Friday's losses as the market mood is mixed. Upbeat Chinese GDP and US stimulus are cheering markets while Italy's political crisis and the depressing coronavirus picture is weighing on sentiment.
Pompeo scraps Europe trip after EU leader calls Trump ‘political pyromaniac’
US Secretary of State Mike Pompeo has canceled a trip to Europe at the last minute after some European politicians and officials were publicly critical of Donald Trump’s role in last week’s storming of the Capitol.
House Democrats plan to vote Wednesday to impeach Trump
House Democrats plan to vote Wednesday to impeach President Donald Trump, House Majority Leader Steny Hoyer told Democrats on a caucus call Monday.
Oil Price Fundamental Weekly Forecast, Probably Due for a Correction
Oil prices are ripe for a correction in coming weeks if speculator-driven rallies are not backed by stronger fuel demand soon.
A Week Into Full Brexit, the Pain for U.K. Businesses Has Arrived
As Britain adjusts to life outside of the European Union, businesses are contending with delays, service cancellations, and piles of paperwork.
Asian Buyers Rush To Secure North Sea Oil After Saudi Surprise Cut
Saudi Arabia’s surprise announcement that it would cut 1 million barrels per day (bpd) beyond its share of OPEC+ cuts in February and March has refiners in Asia scrambling to secure supplies from Europe.
The Real Crisis For Oil is Yet To Come
Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too soon to see the issues faced last year as a thing of the past.