by Thanvir | Jun 19, 2019 | Benchmark Oil Price
Oil Traders Have Bigger Worries Than Tankers in Hormuz Strait Oil tankers in the Gulf of Oman and in the US in flames pointing at Iran should be enough to drive up the price of the world’s most important commodity. Instead, oil prices have barely moved. Traders...
by Thanvir | Nov 28, 2018 | Benchmark Oil Price
The declining global oil price last week could destroy the Federal Government’s economic forecasts for 2019 and affect the medium-term expenditure framework (MTEF) if the trend does not reverse soon. Data from the Organization of Petroleum Exporting Countries...
by Thanvir | Nov 9, 2018 | Benchmark Oil Price
US crude oil prices fell for the 10th time in a row on Friday, plummeting deeper into the bear market area and destroying the benchmark gains for the year. The 10-day decline is the longest defeat in the US since mid-1984, according to the refining data. Commodity...
by Thanvir | Nov 3, 2018 | Benchmark Oil Price
Light, sweet crude oil prices fell more than $1 a barrel on New York’s market on November 1, while crude oil prices for Dated Brent benchmark oil in London fell more than $2 a barrel when US sanctions on Iran were expected to be complete be implemented....
by Thanvir | Oct 19, 2018 | Benchmark Oil Price
Crude oil prices have continued to rise since the beginning of the year and have even reached record levels, most recently in November 2014. Surprisingly, despite the recent downgrading of the International Monetary Fund (IMF) global growth forecasts for 2018 and...
