Saudi Arabia and Russia to Extend Oil Supply Cuts as Crude Prices Stall

Saudi Arabia and Russia have confirmed their commitment to cut oil supply by over 1 million barrels per day until the end of the year, in response to the slowdown in the rise of crude oil prices. The decision was announced during a Joint Ministerial Monitoring Committee (JMMC) meeting of the Organization of the Petroleum […]

WTI Crude Oil Contract Falls as Saudi Arabia Considers Increasing Production

WTI Crude Oil Contract Falls on Expectations of Increased Saudi Oil Production Friday, September 29 – New York The West Texas Intermediate (WTI) crude oil contract closed lower on Friday, dampened by speculations that Saudi Arabia is preparing to ramp up its oil production. The WTI crude oil contract for November delivery dropped 92 cents, […]

WTI Crude Oil Contract Rejected as Concerns of Tight Oil Conditions Increase

WTI Crude Oil Contract Rejects Gains Amid Concerns of Tight Oil Conditions In the first session, the West Texas Crude Oil Contract (WTI) made an impressive climb of over 1%, breaking through the $92 level. However, these gains were short-lived as concerns about tight oil conditions led to a rejection of the contract. The WTI […]

WTI Crude Futures Rise Over 1% Amidst Concerns of Tight Oil Supplies

WTI Crude Futures Surge on Concerns of Tight Oil Supplies West Texas Intermediate (WTI) crude futures saw a notable uptick of over 1%, surpassing the $92 level, marking its fourth consecutive day of gains as worries mount over restricted oil availability. The WTI contract for October delivery, traded on the NYMEX market, climbed $0.96 or […]

The US Stock Market Falls Ahead of FOMC Meeting and UAW Strike Impact

Title: US Stock Market Faces Volatility Ahead of FOMC Meeting Amidst Auto Workers’ Strike In the midst of mounting concerns over the impact of the United Auto Workers’ (UAW) strike and economic indicators, the US stock market experienced a decline on the 15th of October. As investors prepared for the upcoming US Federal Open Market […]

WTI Crude Futures Rebound as Oil Tightness Concerns Grow

WTI Crude Futures Continue Rebound Amid Oil Tightness Concerns West Texas Intermediate (WTI) crude futures are showing signs of recovery after yesterday’s gains, reflecting worries about oil tightness in the market. Positive Movement in WTI Crude Prices As of 9:48 pm Thai time, the West Texas Crude Oil Contract (WTI) for October delivery, which trades […]

China’s Economic Recovery: Why the Government is Avoiding a “Bazooka” Stimulus

Title: China Adopts Gradual Economic Measures Amid Looming Challenges Subtitle: Government Shows Caution to Balance Economic Stability and Debt Containment Since China’s gross domestic product (GDP) growth target of approximately 5% this year was put at risk by weaker-than-expected economic data, the government has introduced a series of incremental measures to support the economy. However, […]

Saudi Arabia and Russia Extend Oil Production Cuts to Stabilize Global Markets

Saudi Arabia has announced its decision to extend voluntary oil production cuts for an additional three months, in a move aimed at stabilizing the fragile global markets. In a synchronized effort, Russia has also committed to reducing its crude oil exports during the same period. According to the state-run Saudi Press Agency (SPA), the Kingdom […]