The first quarter (Q1) of 2022 has proved to be a historical start to the year in particular for some markets such as nickel and wheat trade. Much of the price action was initially driven by inflation concerns as global economies began to open more after Covid-19 forced lockdowns. Read more.
Tags : brent crude oil
The price of oil fell in London on Friday due to concerns that the United States would intervene to cool prices. In addition, investors were concerned that the latest outbreaks of COVID-19 in China might weaken demand for fuel. Read more.
Brent Crude Oil and WTI were both trading steady on Wednesday after a release of oil reserves did not cause a dip in price as expected. Instead, Oil actually gained on Tuesday with a sharp bounce. At the time of writing (12:00 pm) Brent Crude was trading at levels around $81 and WTI was trading at around $78. Read more.
Such a movement would indicate that oil is getting cheaper and the Norwegian krone is strengthening. The decline in Brent quotes is caused by an increase in the number of new cases of Covid-19 in Europe and, in particular, in Germany, Britain and Austria. Read more.
DIVERSIFIED United Kingdom based Metrix Petroleum with interest in oil, renewable energy as well as logistics is eyeing the Namibian and South African bulk petroleum supply market amid the recent popularization of the Africa Continental Free Trade Agreement (AfCFTA). Read more.