It was on Sunday, August 22, 2021, when the Lebanese government made an announcement in regards to the changes to the fuel prices. The government was increasing the price of gasoline in…
Category: Oil Trading
Two Former Valaris Oil Rigs Bought by SpaceX
According to the recent reports, the SpaceX project owned by Elon Musk has recently made an interesting acquisition. The SpaceX project has revealed that it had acquired two deepwater oil rigs towards…
Crude Oil Rises To Its Former Glory
The crude market is seeing investors rushing back to trade of oil. JPMorgan Chase and Goldman Sachs Group are seeing the crude market on a rise. WTI and Brent Crude Oil futures…
Vaccine Hope and Biden Transition Drive Up Stocks, Bitcoin and Oil
On Tuesday, oil, stocks and risk currencies, which included Bitcoin, all saw gains as the formal go-ahead was given to President-elect Joe Biden to start his transition to the White House. There…
Oil Fears Low Trade When OPEC Reduces Its Oil Demand
According to its Monthly Oil Report, the Organization of the Petroleum Exporting Countries (OPEC) fears that there will be a considerable downfall within the demand and supply of oil in the global…