Qatar_Crude Oil_0607

In the past two weeks, tensions were rising significantly between Qatar and some Arab countries, mostly GCC countries. The Arab countries including Saudi Arabia, UAE, Bahrain, and Egypt issued an ultimatum to Qatar, giving 10 days to react to these demands. Otherwise, threatened Saudi Arabia,  things will escalate further. Qatar did not respon...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil prices_2806

After more than three weeks of consecutive declines in Crude Oil prices, including Brent and West Texas Crude, it looks like that the time has come for a short-term retracement. Both Crudes, Brent & WTI has been rising off its lows for five days, including today’s trading. However, such move is USD driven and is not connected with strong oi...

2017-07-26 Nour Eldeen Al-Hammoury Read more
crude_Orbex_OPEC

It's been almost a month since the OPEC members met and decided to extend December’s deal for another 9 months until March of next year. Since then until now, Crude Oil prices did not even rise above the price at which OPEC has announced that extension. In fact, Crude Oil prices are now below the low of the year, posting the lowest level since ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Qatar_Crude Oil_0606

During the early morning hours of Monday, the first trading day of the week, the Middle East woke up to a bunch of breaking news, leading Crude Oil prices to rise by 1%. On Monday, many Arab countries decided to cut their ties with Qatar on claims that Qatar is supporting international terrorism. The decisions were tough, as many countries brok...

2017-07-26 Nour Eldeen Al-Hammoury Read more
OPEC_Crude Oil

In the past few days, OPEC decided to push more remarks and statements to the market, sending a clear message that the time has come to discuss a possible extension of December’s deal. OPEC noted that there is a high possibility to discuss such decision in OPEC’s next meeting in June, in order to grant stable prices in the near future. Does ...

2017-03-29 Nour Eldeen Al-Hammoury Read more