Tag: Ship & Bunker

Oil Up On Libya Shutdown As Analytical Rationale For a Bear Market Proven Wrong – Ship & Bunker

by Bobby Chaim ( markets)

As if to illustrate the schizophrenic crude trading patterns of late, analytical thought last week held that oil was firmly in bear territory, due to demand destruction fears; but on Monday, Brent’s prompt spread – the difference between its two nearest contracts – surged to $1.15, up from 21 cents a week ago and a […]

Omicron Fears All But Nullified as Oil Rises On Robust Demand, Market Tightness – Ship & Bunker

by Bobby Chaim ( markets)

Despite analytical worry that lockdowns in some parts of the world due to omicron could harm demand, that has yet to transpire and is certainly not the case in the U.S., where on Friday Baker Hughes disclosed that U.S. Meanwhile in China, gasoline inventories dropped 2 percent week-over-week through January 6 to 14.7 million tons, […]