Tag Archives: EU

The OPEC+ group of producers continues to underproduce, which had taken the sting out of the highly anticipated 430k bpd output hike this month.While there are no formal plans to push OPEC to increase oil output, some members have plans for so doing particularly given that Russian output is likely …

The EUR/USD reached new weekly lows below 1.0700 despite the EU inflation breaking above the 8% threshold. The euro retreats during the American session but bounced off daily’s lows in a high volatility trading session that witnessed the EUR/USD rallying near 1.0780 and falling to 1.0678, but is stabilizing. At …

EU leaders are meeting for an off-schedule summit with some progress regarding Russian sanctions. The EU Council President Charles Michel said the officials have agreed to ban the export of Russian oil to the EU. According to Michel, the EU ”agrees to de-swifting the largest Russian bank Sberbank, banning 3 …

The US dollar remains under pressure in the first trading day of the week, sliding against most major rival currencies. The USD/JPY pair, however, edged higher amid the better tone of stocks markets.Economic Data No remarkable economic data was released on Monday. Other Developments EU representatives are still discussing the …

If the Russian ruble is, against any practical scale, an indicator of the nation’s economic conditions, one can easily conclude that an initial storm has been caused by the West’s sanctions. When the West reacted to Russia’s military operation in Ukraine with a bulk of financial and trade sanctions, the …

In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and a member of the US Society of Technical Analysts, commented on the latest developments of the financial markets The fear of the shortage of supplies led the American crude oil to the …

WTI crude oil has stabilized just below monthly highs near the $114 level, as bulls eye further catalysts towards $120. Familiar themes of strong US demand, EU/Russia oil sanctions, OPEC+ output struggles and easing Chinese lockdowns are supporting prices.The EU’s plans to sanction Russian oil imports have also been in …

Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …

In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and a member of the US Society of Technical Analysts, commented on the latest developments of the financial markets, most notably: In the oil sector, the question is raised whether the market’s current …

The idea of an EU tariff on oil imports from Russia comes from the United States, which is considering proposing that European countries impose a tariff instead of an embargo, to allay concerns about the security of supply and surging oil prices. The EU could combine tariffs and embargoes, US …