Tag: crude oil price
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Update: The Container Ship in Suez Canal is set free
Category World NewsEgypt: On Monday, canal authorities said that the workers and team have successfully moved the massive container ship that was stuck for days in the Suez passage. The traffic has resumed through Egypt’s Suez Canal, but still, the whole scenario is not at full ease. The traffic which remained stalled for almost a week, is…
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Will India’s crude oil price could get affected due to Suez Canal Blockage?
The ongoing stress in the Suez Canal waterway tuning into the longest closure ever of this important passage trade route will impact crude and tanker prices. It could progressively show up in the form of higher prices, and later trigger down even the retail price in the marketplace. Besides, a huge impact on foreign trade…
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Post-Blocked Suez Canal, Covid-19 disruptions-Oil Prices Slide
Category World NewsThe ongoing disruptions in the trade due to yesterday’s long blockage in Suez Canal, and other hindrances because of Covid-19 pandemic affected the trade timelines, and demands at several points. On today’s morning, oil prices slipped around 2 percent as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, making things more complex. Ballasting overnight…
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Asia-Pacific Crude Oil Sustained At $70/Barrel Since COVID-19 Outbreak
Category World NewsOn Monday, the Brent Crude futures prices jumped over $70 per barrel for the first since the covid-19 pandemic. The surge has been led by speaking demand from Asia and OPEC’s decision not to increase the production with small expectations, namely from Russia and Kazakhstan. Even the following reports of attacks on Saudi Arabia oil…
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