BlackMask Breaking News

Oil prices continue falling despite low inventories. Weak U.S. economic data and rumors of Saudi production increases weigh on market sentiment. Standard Chartered warns the price weakness may persist, citing Trump’s tariff policy, rising Kazakh and Iraqi output, and potential OPEC+ supply boosts despite tight inventory conditions. Low inventories reported  by the Energy Information Administration …

Continue reading “Happy May Day….. Mischief in The Oil Market… JP Morgan Analysts Say Sentiment on Oil is Neutral to Optimistic”

The price of oil continued to follow a downward trend on Wednesday as persistent economic uncertainty triggered by a trade confrontation between the United States and China, the world’s two biggest oil consumers, seemed to impact demand. At the same time, the latest data showed that US GDP in the first quarter of 2025 fell by 0.3%, …

Continue reading “Oil down more than 4% amid economy scare”

Oil traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members. Key OPEC+ members will probably agree to hike output in June by significantly more than the scheduled amount when they hold a video conference on May 5, …

Continue reading “Oil Traders Brace For Another Saudi-Led OPEC+ Oil Supply Surge…… Do You Feel Lucky?”

United States President Donald Trump promised his administration would achieve a “fair deal” on trade with China, as he said that both countries are interested in making a deal. During a rally in Michigan celebrating 100 days of his presidency, Trump also stated that his administration was “just getting started,” easing investors’ concerns, and turning …

Continue reading “Gold slips 1% as Trump promises ‘fair deal’ with China”

It seems that the global oil market is going through a critical phase, where economic and geopolitical factors intertwine, casting a heavy shadow over crude prices, particularly U.S. crude, which continues its downward trajectory. That’s what Rania Gule, a senior market analyst at XS.com-MENA, said in a market analysis sent on Wednesday, adding that “this …

Continue reading “Oil Market Looking into the Abyss….. Bottoming…. Again”

Russian presidential spokesperson Dmitry Peskov said on Wednesday that the Ukraine war is “too complex” and, as a result, cannot be resolved “quickly.” The Kremlin spokesman said Moscow appreciated the United States’ efforts to broker a deal and expressed hope they will be successful. However, he pointed out that the final deal must be reached …

Continue reading “Kremlin: Ukraine war can’t be resolved quickly……. Lavrov: Russia doesn’t see possibility for ‘honest’ truce”

Oil prices are once again under pressure as supply concerns continue unabated, with a scarcity of bullish catalysts to counteract them. The future of the U.S.-China import tariff war will define energy prices of the upcoming months as the Trump administration’s 145% tariff on China (and the reciprocal 125% from Beijing)WILL SOON END. Brent prices …

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Russian Security Council Deputy Chairman Dmitry Medvedev warned Tuesday that all countries that joined NATO became an automatic target for the Russian military, including retaliatory strikes involving nuclear weapons. Medvedev hinted that newly-joined NATO states such as Finland and Sweden are now “in a hostile bloc” against Russia, stressing it did not improve the lives …

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The prices of oil futures declined by more than 1.5% on Tuesday after Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani said there had been “some progress” in the latest negotiations about a ceasefire and prisoner exchange between Israel and Hamas. Meanwhile, an Israeli official noted improvements, although not significant ones. West Texas Intermediate (WTI) for June’s …

Continue reading “Oil loses 1.5% on reputed progress in Gaza talks…..BULLSHIT!……Israel strikes a Hezbollah missile facility in Beirut amid escalating tensions”

The Spanish government said in a statement on Monday that it is “dedicating all resources” towards determining the origin of the massive blackout that hit the Iberian Peninsula earlier today and resolving the issue. The government noted Prime Minister Pedro Sanchez and other officials travelled to the control center of the grid operator Red Electrica to …

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