Blogs

 

Flow of Iranian Crude Oil into the markets: Will Israel turn the tap off?

As Iran preparing itself for making its presence in the crude oil market again, without being hampered by a myriad of sanctions, Israel dashed the hopes of the former by implying that would not be that easy. Lt. Gen. Aviv Kohavi, the chief of Israeli defence force, did not mince his words, when he outlined his plans: he said he ordered the defence forces to make preparations for offensive action against Iran next year; he did not want the Biden administration to revive the 2015 nuclear deal

hemanthaa@mail.com

hemanthaa@mail.com

 

Glimmer of hope: rates of Covid19 infection and death are down in the UK

The infection rate of Covid-19 seems to be on decline and the trend has been consistent for the past few days in the United Kingdom so that the inhabitants can breathe a collective sigh of relief. As of yesterday, the 7-day-average of infections and the 7-day-aveage of the deaths are 35929 and 1239 respectively. The good news was overshadowed yesterday as the country moved past the grim milestone of over 100,000 deaths. There is no doubt that the strict lockdown measures and maski

hemanthaa@mail.com

hemanthaa@mail.com

 

Recovery of Jet Fuel Demand: Skies above Heathrow does not look good at present

This is the sky above the Heathrow airport in London, United Kingdom at 12.50 pm on Tuesday.  Heathrow used to be world's busiest airport, a few years ago. Even at this time last year, you could see a plane, at every two-minute interval, in the skies above Heathrow. It's really sad to see just three planes at the same location; perhaps, they may be just cargo planes. Let's think about the haemorrhage of income for those who rely on a functionning airport: Airport staf

hemanthaa@mail.com

hemanthaa@mail.com

 

Oil Price Stabilized: Iraq and Libya join in production cuts

The unity of Arab nations with Saudi Arabia at its nucleus appears to be helping the latter in its determination to cut the crude oil output to compensate for the loss of revenues during the past few months. Both Iraq and Libya confirmed that they will cut down the output for January and February, mimicking what Saudis did: not only did Saudi Arabia cut the oil output by 1 million barrels per day, but also raised the crude oil price for Asia, something that didn’t go down very well with the

hemanthaa@mail.com

hemanthaa@mail.com

 

Saudi’s oil cuts appear prophetic as market risks grow

Two weeks ago, the world’s biggest crude exporter stunned energy traders by announcing that -- rather than restore halted production as planned -- it would slash supplies by a further 1 million barrels a day. On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter as countries hunker down to contain new coronavirus outbreaks. View the full article

hemanthaa@mail.com

hemanthaa@mail.com