{{val.symbol}}
{{val.value}}

Crude Oil trading signals

IndexaCo Signals Marketplace - trading signals with real-time results on the financial markets from professional traders

Blogs

US market: overview and forecast for January 21. The Bears are on the defensive
Dow Jones, index, NASDAQ 100, index, S&P 500, index, EURO STOXX 50, index, Brent Crude Oil, energetic, Gold, mineral, Airbnb, stock, US market: overview and forecast for January 21. The Bears are on the defensive The market the day beforeAt the auction on January 20, the decline of the main indices on American stock exchanges continued. The S&P 500 dropped 1.10% to 4,483 points, the Nasdaq adjusted 1.30%, and the Dow Jones lost 0.89%. In the green zone, only utility providers were closed (+0.14%). Other sectors showed negative dynamics. The outsiders were producers of cyclical consumer goods (-1.94%), raw materials companies (-1.43%) and the IT sector (-1.33%).Company newsThe shareholders of Casper Sleep (CSPR: +9.8%) voted for the privatization of the company.Insurance company Travelers Cos. (TRV: +3.2%) presented a strong quarterly report with record profit. Management emphasized the high underwriting revenues.Peloton Interactive (PTON: -23.9%) ceases production of Connected Fitness products amid a significant reduction in demand.We expectThe day before, President Joe Biden announced the possibility of breaking the Build Back Better program with a total volume of about $1.7 trillion into its component parts. At the moment, the White House is considering alternatives after initial efforts to coordinate were thwarted by the opposition led by Senator Joe Manchin. A preliminary consensus was reached only on the climate part of the package (just over $500 million). At the same time, provisions on maternity leave may be excluded from the updated draft law, and the expansion of tax benefits for children may be limited.The number of initial applications for unemployment benefits for the week increased by 55 thousand, to 286 thousand, reaching a three-month high amid the active spread of the strain "omicron", negatively affecting the labor market. At the same time, due to problems with hiring, employers are taking measures to retain employees, so the observed surge in applications for benefits is likely to be short-term.The December index of manufacturing activity published by the Philadelphia Federal Reserve increased by 8 points compared to November, reaching 23.2 points, which indicates optimistic assessments of business prospects on the part of entrepreneurs, despite the next wave of COVID-19 and the persistence of labor shortages, as well as logistical problems.Stock markets in Southeast Asia showed mostly negative dynamics during the last trading session. The Tokyo Stock Exchange Nikkei index lost 0.90%, the Chinese CSI 300 fell by 0.92%, the Hong Kong Hang Seng rose by 0.05%. EuroStoxx 50 has been losing more than 1.1% since the opening of trading.Brent crude futures are trading at $88.38 per barrel. The price of gold is around $1842.5 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 4440-4490 points.MacrostatisticsNo significant macro statistics are expected to be published today.Technical pictureThe S&P 500 has broken down support in the area of 4,500 points and continues to move towards the lower border of the ascending channel. The RSI is in the oversold zone. The MACD indicator is still showing a downward trend, indicating the probability of a continuation of the correction. However, the passing reporting season can provide the broad market index with growth ...
Avatar
Read
US market: overview and forecast for January 19. The growth of treasury yields continues
Dow Jones, index, NASDAQ 100, index, S&P 500, index, Hang Seng, index, Brent Crude Oil, energetic, Activision Blizzard, stock, Microsoft, stock, Unilever, stock, CSI 300, index, US market: overview and forecast for January 19. The growth of treasury yields continues The market the day beforeOn January 18, the main American stock indexes ended trading in the red zone. The S&P 500 dropped 1.84% to 4,577 points, the Dow Jones lost 1.51%, the Nasdaq showed a stronger drop, down 2.6%. Almost all sectors included in the S&P 500 closed in the red. The exception was the issuers of the energy industry (+0.40%) against the background of the continuing rise in oil prices. Technology companies (-2.49%) and telecoms (-1.99%) looked worse than the market.Company newsMicrosoft (MSFT: -2.4%) announced the takeover of Activision Blizzard (ATVI: +25.9%).Unilever PLC securities (UL: -14.44%) continue to fall on the news of the company's plans to buy assets of GlaxoSmithKline plc (GSK: +2.97%).The US government is checking Alibaba Group Holding Limited's (BABA: -2.26%) cloud business for threats to national security.ExpectationsInvestors fear the acceleration of inflation, as the active spread of the omicron strain exacerbates problems in supply chains and increases the shortage of labor. For example, some companies that published results for the fourth quarter indicated in their reports that the forced increase in employee salaries could become one of the key risks for financial indicators in 2022 and eventually prevent them from earning record profits.Against this background, there is a steady increase in Treasury bond yields. This indicates growing expectations that the Fed will raise rates four times this year, including a possible increase of 50 basis points (bp) in March in order to curb inflation.The yield of two-year treasuries increased by 8 bps, to 1.04%, exceeding 1% for the first time since 2020. The same indicator for "ten-year-olds" jumped by 6 bps, to 1.87%, and the yield of 30-year securities rose to 2.18%. Concerns about inflation continue to be fueled by an increase in oil prices, which have shown an increase for four consecutive weeks. In our opinion, black gold will continue to rise in price in the coming days amid increasing tensions in the Middle East.Most of the sites in Southeast Asia ended trading on January 18 in the red zone. China's CSI 300 declined by 0.68%, Japan's Nikkei 225 fell by 2.80%, Hong Kong's Hang Seng lost 0.17%. EuroStoxx 50 has been adjusted by 0.30% since the opening of the session.Brent crude futures are quoted at $87.51 per barrel. Gold is trading at $1812.3 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 4540-4590 points.MacrostatisticsData on the number of construction permits issued in the United States for December will be released today (forecast: 1701 million vs. 1717 million in November).Technical pictureThe S&P 500 continues to fall towards the lower boundary of the ascending channel. The nearest resistance for the index is at the level of 4533 points. The RSI is also moving below 50 points, falling closer to the oversold zone, the MACD signals a possible continuation of the downward trend, which together indicates a correction of the indices in the upcoming ...
Avatar
Read
Daily review of financial markets for January 14, 2022
Dow Jones, index, NASDAQ 100, index, S&P 500, index, Brent Crude Oil, energetic, Daily review of financial markets for January 14, 2022 Yesterday, the yields of ten-year US Treasury securities fell by almost 4 bps to 1.70% per annum. Today they are growing and are about 1.72% per annum. US stock indexes moved down yesterday – at the end of the day, the S& P500 fell by 1.42%, the Dow Jones - by 0.49%, and the NASDAQ immediately lost 2.51%.On Thursday, the global markets were dominated by negativity, although there were no particularly significant events yesterday. In the USA, moderately positive data on the producer price index were published. Thus, the price growth in December slowed down to 9.68% YoY against the background of upwardly revised data for November - a month earlier, the index grew by 9.81% YoY. The slowdown in producer price growth is primarily due to lower rates of growth in energy and food prices, and the indicator, excluding these factors, accelerated its growth. On the other hand, the weekly data published yesterday on applications for unemployment benefits turned out to be higher than expected. The number of applicants for the week increased by 23 thousand and amounted to 230 thousand. As a result, the indicator has updated the maximum since mid-November, the Bloomberg consensus forecast assumed a decrease in the number of requests to 200 thousand. Such data indicate the still insufficient recovery of the labor market, which so far limits the Fed in tightening monetary policy. Nevertheless, as Jerome Powell recently noted, the situation with rising prices is now a priority for the Fed, and yesterday's labor data did not cause a particularly strong reaction in the market. A number of macrostatistics will be published in the USA today. December data on industrial production and retail sales will give signals about the state of economic growth, and the January index of the University of Michigan will show consumer inflation expectations.Yesterday, the tough statements of the Fed representatives continued. So, a member of the Fed Board of Governors Chris Waller yesterday allowed even 5 rate hikes this year if inflation is fixed at elevated levels. Nevertheless, emphasizing the high uncertainty, he noted that with a decrease in price pressure, the regulator may limit itself to two rate increases. In general, so far the basic scenario for the Fed is three rate hikes - yesterday Patrick Harker, Thomas Barkin and Charles Evans spoke in favor of such a scenario, also allowing for four rate hikes. As for the timing of the reduction of the Fed's balance sheet, it is still expected that this process will begin only by the end of the year. However, a number of representatives of the regulator are calling for an earlier start to reduce the balance sheet, which does not add to the positive market.Yesterday, Brent crude futures exceeded the $85/bbl mark at the moment, but at the end of the day they fell by 0.24% to $84.47/bbl. There were no events that were fundamentally significant for the oil market yesterday, and quotes suspended their growth on weaker global demand for risky assets. Today, Brent futures are growing by 0.35% and are trading around $84.75/bbl. The traditional weekly data on the number of drilling rigs in the United States from Baker Hughes will be published tonight. The prospects for production growth in the US will have a moderately negative impact on quotes, but Brent futures still have the potential to grow above $85/ ...
Avatar
Read
US market: overview and forecast for January 12. S&P 500 will remain in a wide corridor
Nikkei 225, index, Dow Jones, index, NASDAQ 100, index, S&P 500, index, EURO STOXX 50, index, Hang Seng, index, Brent Crude Oil, energetic, Gold, mineral, AstraZeneca, stock, US market: overview and forecast for January 12. S&P 500 will remain in a wide corridor The market the day beforeOn January 11, the main American stock indexes ended trading in the green zone. The S&P 500 rose 0.92% to 4,713 points, the Dow Jones rose 0.51%, and the Nasdaq added 1.41%. All sectors included in the S&P 500 showed growth, except utilities (-0.92%), real estate (-0.16%) and non-cyclical consumer goods (-0.14%). The energy sector was in the lead (+3.41%).Company newsAccolade's profit and revenue (ACCD: +27.7%) for the third quarter significantly exceeded expectations. Management has raised its forecast, according to which the company's revenue in fiscal year 2023 should increase by 25% YoY, despite the fact that revenue plans for FY2022 have also been revised upward.Illumina, Inc. (ILMN: +17.0%) has entered into a long-term partnership with Agendia N.V. to develop in vitro diagnostics (IVD) for oncological testing. The company also announced a collaboration with Boehringer Ingelheim in the creation of concomitant diagnostics (CDx) for several of its oncology programs.Aptiv PLC (APTV: -3.3%) announced the purchase of Wind River for $4.3 billion. The deal is expected to be completed in mid-2022.ExpectationsFiscal policy remains in the field of view of investors around the world.The day before, Fed Chairman Jerome Powell spoke before the Senate Banking Committee as part of the reassignment procedure. The head of the regulator again noted the record growth rates of the economy in recent years and the stability of the labor market. At the same time, Powell pointed to the imbalance between supply and demand resulting from the pandemic, which led to an increase in inflation. The head of the regulator expressed concerns about the consequences of high inflation and expressed readiness to use the tools available to the Federal Reserve to maintain strong economic growth and a strong labor market, as well as to prevent further acceleration of inflation.Atlanta Fed President Rafael Bostic told the WSJ that he considers it appropriate to start a rate hike cycle immediately after the March FOMC meeting and advocates three rate revisions for the current year. According to Bostic, inflation will decline this year, which will allow the Fed to take decisive steps. According to Bloomberg, the head of the Federal Reserve Bank of Cleveland, Loretta Mester, also supports three rate hikes in 2022 starting in March and stands in solidarity with her colleague Esther George, who heads the Federal Reserve Bank of Kansas City, who proposes to reduce the balance of the Federal Reserve.The leading sites of Southeast Asia completed trading on January 12 in the green zone. China's CSI 300 rose by 1%, Japan's Nikkei 225 rose by 1.92%, Hong Kong's Hang Seng rose by 2.79%. EuroStoxx 50 has been growing by 0.34% since the opening of the session.Brent crude futures are quoted at $84.31 per barrel. Gold is trading at $1816.7 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 4654-4772 points.MacrostatisticsData on the dynamics of consumer inflation for December will be published today. Forecast: 7.1% (excluding seasonality) after 6.8% in November.Technical pictureThe S&P 500 continues to move within the ascending channel. The day before, the index found support near the 50-day moving average and may demonstrate a short-term upward reversal in the coming days. The RSI indicator fluctuates around 50 points, without giving clear signals. MACD indicates the possibility of a short-term correction ...
Avatar
Read

Articles about financial markets

Weekly review. January 10, 2022
EUR/USD, currency, US Dollar Index, index, Brent Crude Oil, energetic, Gold, mineral, Weekly review. January 10, 2022 The year 2022 on world markets will largely be determined by the tightening of monetary policy in the United States, and the first week of the new year confirmed this. The minutes of the Fed's December meeting published last week showed a significant tightening of the position of the regulator's representatives – Fed members believe that the rate can be raised as early as March, and also see a faster reduction in the balance sheet as appropriate. Representatives of the regulator believe that the current economic conditions are already in many ways conducive to tightening the labor market, some even noted the recovery of the labor market already sufficient for such actions, although the majority still expects further improvement in the labor situation. Against this background, it is worth noting the publication of December labor data in the United States, which came out ambiguous. On the one hand, employment in December increased by only 200 thousand. The Bloomberg consensus forecast assumed an employment growth of 450 thousand, and the actual growth rate of the indicator was the lowest since the beginning of 2021. Nevertheless, in many respects such weak employment growth is explained by seasonal adjustment, and the unemployment rate in December fell more than expected. Thus, the indicator has updated the next lows since the beginning of the pandemic, dropping to 3.90% against the expected 4.10%. The unemployment rate continues to approach a historic low of 3.40%, and labor statistics have further increased fears in the market of an imminent tightening of the PREP in the United States. As a result, on Friday, the yields of ten-year US treasuries at the moment exceeded 1.80% per annum - the maximum since the beginning of the pandemic. Today they have returned to these levels again.This week, the dynamics in the market will continue to be determined by expectations for the actions of regulators - investors will follow the statements of representatives of the Fed and the ECB, as well as the publication of price data in the United States for December. Statistics published last week showed an increase in inflation in the EU to 5.00% YoY. As a result, the topics of price growth in December updated the historical maximum, while analysts expected a slight slowdown in price growth. The situation on the supply side also has high inflation in the United States. The December business activity indices indicated a slight easing of logistical problems, however, the further deterioration of the epidemiological situation again intensified disruptions in logistics chains, which does not lead to a significant slowdown in price growth. The FAO World Food Price index fell in December for the first time since July, but food inflation remains at elevated levels. Against this background, US inflation data is likely to continue to bring the Fed rate hike closer, intensifying the negative in the markets.The main event for the oil market in early 2022 was the OPEC+ meeting. However, as expected, it was decided to stick to the current plan to increase production. Nevertheless, the cartel lowered its forecasts for a surplus in the oil market, which allowed Brent crude futures to exceed the level of $80/bbl. Moreover, against the background of interruptions in the supply of black gold from Kazakhstan and Libya, quotations were close to $83/bbl. However, at the end of the week they declined from these levels, today Brent futures are growing by 0.35% and are trading around $82.05/bbl. The main negative for oil this week may be related to the potential strengthening of the dollar amid expectations of a tightening of the PREP in the United States. However, in the absence of a significant strengthening of the dollar, Brent futures may still exceed the levels of $83/bbl– - the quotes may be supported by another weekly decline in oil ...
Read
Oil prices rise after the end of the OPEC+2 meeting
Brent Crude Oil, energetic, Oil prices rise after the end of the OPEC+2 meeting Oil is getting more expensive on Friday morning. By 8.25 GMT, the price of a barrel of Brent oil rose to 70 dollars 89 cents, or 1.75%. The price of a barrel of WTI oil rose to 67 dollars 71 cents or 1.22%. According to the results of trading on Thursday, these oil standards rose by 1.2% and 1.4%, respectively. Investors evaluate the results of the last meeting of the countries participating in the OPEC+ agreement. Some market participants expected that the alliance would decide to reduce the volume of oil production. However, OPEC+ retained the current parameters of the deal. This means that the alliance will continue to increase the volume of raw material production by 400,000 b/s every month. At the same time, the participants of the meeting stated that they could make a different decision on the volume of production at any time. Everything will depend on the situation on the oil market and in the global economy. They noted the persistence of uncertainty. It intensified after the appearance of the next coronavirus strain omicron. Investors liked the alliance's statement about the possible holding of an extraordinary meeting, if the situation requires ...
Read
The oil price in August. What is the threat of the conflict between Israel and Iran?
Brent Crude Oil, energetic, WTI Crude Oil, energetic, The oil price in August. What is the threat of the conflict between Israel and Iran? In the last month of summer, the oil exchange rate is likely to show a correctionIn August, the oil price depends on several important factors - first of all, the recovery of the market in the United States and the new flare-up of the conflict in the Middle East. The Israeli authorities have accused Iran of attacking an oil tanker, and the United States and Great Britain have already promised support to Israel. Against this background, the oil exchange rate moved to growth after a short correction, but it is not known how long this recovery growth will be. We offer a traditional analysis of oil prices.Reducing unemployment in the United StatesIn many ways, the positive movement on the US stock markets has a positive effect on the oil exchange rate: the S&P 500 and NASDAQ 100 indices traditionally update historical highs. According to data from the US Department of Labor, the number of applications for unemployment benefits has fallen sharply.During the last week of July, only 385 thousand such appeals were registered, and the total number of recipients of benefits amounted to 3 million people. However, the effect of positive news from the US markets has already been played out, and the dynamics of the oil exchange rate will need new incentives to continue growth.At the same time, macroeconomic statistics from the United States show an increase in the commodity deficit, which increased from $71 billion in May to $75.7 billion in June. This was largely due to a 2.1% increase in imports compared to the previous month, although exports increased by only 0.6%. This is largely due to a reduction in supplies, which in turn restricts production within the United States.There are already reports about how the spread of a new strain of coronavirus can affect the American economy. In particular, as the president of the Federal Reserve Bank of Minneapolis, Neil Kashkari, said, the new strain may slow down the recovery of the labor market. This completely contradicts the recent statement by Fed Chairman Jerome Powell, who assured analysts that the delta strain is not a risk to the American economy.Positive statistics on the labor market may force the Fed to change its approach to monetary policy and increase rates, as well as curtail the quantitative easing program. First of all, this will lead to a strengthening of the dollar, which in turn will affect the commodities denominated in the US currency. In this case, the oil exchange rate will be influenced by another important negative factor. Moreover, investors will begin to withdraw resources from risky assets, and then the Russian and Chinese stock markets will suffer.Already half of the US states have stopped paying increased unemployment benefits, which on the one hand indicates that there is no need for additional incentives, and on the other hand may mean an increase in demand for fuel. However, in any case, the statistics on the labor market in the United States may not be as positive as it may seem at first glance - the number of jobs outside agriculture, on the contrary, turned out to be less than a year earlier. First of all, this was caused by a large number of dismissals in the field of higher education.Read more: The history of Federal Reserve (Fed) and its functionsThe influence of China and RussiaAn increase in oil purchases from China can potentially act as a new incentive for the hydrocarbon market. So, China may soon announce an increase in quotas for the purchase of hydrocarbons. Moreover, it is expected that more oil will be purchased not only by small refineries from China, but also by large Chinese companies.The main seller of oil on the Chinese market is the Arab countries from the Persian Gulf, so first, most likely, prices for Dubai grade oil will rise sharply, and other grades, including the benchmark Brent, will follow it. However, these expectations are contradicted by the increase in the incidence of coronavirus in China - due to lockdowns and restrictive measures, traffic on some of the most important logistics routes is reduced.Moreover, the Chinese authorities have decided to restrict air and rail travel around the country. In the Asian region, the number of infected people has been growing recently. In particular, in Thailand, even new restrictive measures did not help to stop the increase in new cases. Similarly, in Sydney, Australia, the increase in new cases has reached a historic high, and the authorities expect the situation to worsen further.In turn, Russian oil companies are trying to use the OPEC+ deal to get more favorable working conditions inside the country. In particular, they suggested that the government reduce the tax burden on the industry, which in turn will help start the development of hard-to-reach oil. To do this, they proposed to create two new groups of deposits, for which they proposed to reset the tax on mineral extraction.The first group includes areas with the volume of initial reserves of less than 65 million tons and the degree of depletion of less than 1%. The second group includes the deposits of ultra-viscous oil in the Komi Republic. Moreover, the oil companies decided to stimulate the exploration of hard-to-recover reserves. To do this, it is proposed to use a traditional set of tools - tax deductions and reduction of payments for the mineral extraction tax. However, so far the Ministry of Finance is against the initiative, which is not eager to help oil companies and does not plan to change the taxation of the industry until 2023-2024, until the end of the OPEC+ agreement.At the same time, the further deterioration of the pandemic situation in the world may become a deterrent to the growth of oil prices. Recently, in order to combat the spread of a new delta strain of coronavirus, an increasing number of countries have been strengthening restrictive measures on the mobility of the population. Investors are particularly concerned about the situation in China, where domestic air and rail traffic was limited in order to localize outbreaks of the disease, which directly affects the oil exchange rate.Oil price analysisOil futures moved into the negative zone, without reaching the goals of a short-term rebound. These levels are located near the $73.50 and $71.50 marks, which corresponds to the average Bollinger bands on the daily chart. In general, the oil exchange rate is affected by downward pressure, and analysts are increasingly inclined to believe that a correction may occur in the hydrocarbon market in the near future. The support lines are located near the previous lows - around $70.20 and $67.50, according to the technical analysis of oil prices.Read more: What are futures: types, features, advantages and risksIn the first week of August, the dynamics of the oil exchange rate showed a failure-from about $75 to $70 literally from August 2 to 5. The reason for the increase is quite banal - the growth of fuel reserves in the American market, which indicates a decrease in economic activity. According to official data, inventories increased by 3.6 million barrels, while a decrease of 3.9 million barrels was expected. Moreover, analysts are influenced by data on the spread of a new strain of coronavirus in China, the United States and Japan, as well as the associated expectations of new restrictions.The most important factor that positively affects the dynamics of the oil exchange rate remains the growth of tensions in the Middle East. The conflict between Israel on the one hand and Iran and Lebanon on the other threatens the rapid exit of hydrocarbons from the Islamic Republic to foreign markets, as well as generally increases the uncertainty of oil transportation from the Middle East. As a result, literally in one day on August 5, the oil exchange rate recovered to $71 per barrel, and the next day it was already testing the level of $72 per barrel.A new conflict in the Middle East may become a significant factor that is likely to affect the oil price in August. According to Israeli Defense Minister Beni Gantz, his country is ready to start a war against Iran because of a drone strike on an oil tanker. We are talking about the attack on the Mercer Street oil tanker.Officially, the ship belongs to Japan, sails under the flag of Liberia, but it is operated by the Israeli company Zodiac Maritime. According to Gantz, the Islamic Republic has no more than two and a half months to come close to producing nuclear weapons. In this context, the attack on an Israeli tanker becomes part of a large-scale confrontation in the region. If the tension increases, the oil exchange rate may receive additional support.In turn, Israel has already received assistance from its traditional allies - the United States and Great Britain. As British Prime Minister Boris Johnson hastened to say, " Iran must answer for the consequences." In turn, the representative of the Iranian Foreign Ministry, Saeed Khatibzadeh, said that the Islamic Republic is ready to protect its security and national interests. US Secretary of State Anthony Blinken also joined the diplomatic skirmish, saying that Tehran was undoubtedly behind the attack, and the allies would prepare a "collective response" to this attack.Thus, two multidirectional factors: the strengthening of anti-bullying measures and the growing conflict in the Middle East are pushing the trajectory of the oil exchange rate in different directions. If the first factor leads to a reduction in demand, the second one seriously reduces the supply of oil - it is the Middle East conflicts that traditionally push the cost of hydrocarbons up. According to most analysts, the combination of two multidirectional factors can cause the oil exchange rate to fluctuate in a wide range from $68 to $75 per Brent, depending on the news background.Read more: Are the minutes of the Federal Reserve meetings useful for ...
Read
The price of oil is declining against the background of the worsening epidemiological situation
Brent Crude Oil, energetic, WTI Crude Oil, energetic, The price of oil is declining against the background of the worsening epidemiological situation At the morning trading on Tuesday, oil prices are declining. By 7.42 GMT, Brent oil fell to 72 dollars 85 cents per barrel, or by 0.05% compared to the closing price of trading the day before. The price of WTI oil fell to 71 dollars 22 cents per barrel, or 0.06%. Pressure on oil prices is exerted by information about the deterioration of the epidemiological situation in Asian countries. In this region, there is an increase in the number of infections with a new strain of coronavirus infection "delta". The authorities of a number of Asian countries were forced to tighten restrictive measures, including on movement. Analysts at Commonwealth Bank Of Australia note that the spread of the delta strain around the world will become a serious threat to the recovery of oil demand. Mobility restrictions are already being observed in some parts of the Asian region. This is the reason for the fall in oil demand. More than 60% of the world's oil consumption is accounted for by ...
Read
Message sent successfully.
We will contact you soon!