About: lishitong
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An Imminent Global Food Crisis?
Russia’s war in Ukraine has had a profound effect on global food distribution, and world leaders are anxious to address any coming issues. US Treasury Secretary Janet Yellen will be meeting ministers from industrial nations – including IMF leaders and G7 members – around the world to address the growing food supply crisis caused byContinue Reading
Written on April 25, 2022 at 1:51 am
Categories: Weekly Outlook
8 Million EIA Inventory Drop Sends Crude Prices Up
On Wednesday (GMT+3), the US Energy Information Administration reported a large decrease of 8.02 million barrels in its crude oil inventories, bringing its current inventory to 413.7 million barrels. The numbers are far from the forecasted increase of 2.471 million barrels, and last week’s increase of 9.382 million. Meanwhile, gasoline inventories see a decrease ofContinue Reading
Written on April 21, 2022 at 3:52 am
Categories: Weekly Outlook
OPEC: Russian Crude “Nearly Impossible” to Replace
The Organisation of Petroleum Exporting Countries (OPEC) has warned that it would not be possible to replace the 7 million barrels of Russian oil and other liquid exports that will potentially be lost each day due to current and future sanctions. While the EU has not yet banned imports of Russian energy, the option hasContinue Reading
Written on April 18, 2022 at 1:39 am
Categories: Weekly Outlook
Huge EIA Inventory Increase Fails to Soothe Oil Prices
On Wednesday (GMT+3), the US Energy Information Administration reported an increase in 9.382 million barrels in its crude oil inventories. This is significantly higher than both the estimated increase of 863,000 barrels, and the previous number of 2.421 million barrels. An increase in inventories usually implies weaker demand and would be bearish for crude prices.Continue Reading
Written on April 14, 2022 at 3:15 am
Categories: Weekly Outlook
FOMC Minutes Point To $95b Balance Sheet Cuts
On Wednesday, 6 April (GMT+3), the Federal Open Market Committee (FOMC) released the minutes for its 15-16 March meeting. As expected, the meeting was focused on discussing the tightening measures that the Fed would take to rein in galloping inflation. Chiefly, the central bank has plans to shrink its almost-US$9 trillion balance sheet at aContinue Reading
Written on April 7, 2022 at 6:42 am
Categories: Weekly Outlook
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