date: 27 January 2021 Oil prices have increasing process from the beginning of week. By increasing the number of people who got Corona virus in China (as a largest consumer country in energy), Oil prices came under pressure last week. Libya and Kazakhstan oil production cut off along with the decline of the OPEC Plus […]
date: 19 January 2021 Brent crude oil price has been increased up to 57 USD/Barrel. After Opec plus meeting and agreement upon production of 1.9 million barrels till next 6 months, its price decreased to 54 USD/MT but it seems that by next week the price will reach 57USD/MT again.
date: 14 January 2021 Based on increasing demand for gas in winter, gas price has an increasing trend. On the other hand, Coronavirus situation improvement and increasing price of oil are other reasons for increasing trend of gas. USA oil production has decreased 2.7 million barrel for the fifth week in row. Technically, gas is […]
date: 6 February 2021 Naphtha was able to offset its decline this week that happened in pervious week due to decrease oil prices. It has reached a critical resistance level. If Naphtha can break the significant resistance of $ 530, it can grow to its previous level that’s mean $ 577. Regarding to the increase […]
date: 23 January 2021 Naphtha has not fluctuated much this week and has remained in the same price range. According to the News in this week that US government will support the economy, demanding has improved somewhat. Oil reserves in The United States will have a reduction this week also on the other hand, the […]
date: 24 January 2021 Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price. This week is the first meeting of the Federal Reserve in the new US administration, which does not consider raising interest rates in […]
date: Mon, 1 Feb Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price. Gold once again hit the $ 1877 range last week and then fell sharply to $ 1846. This week, last month’s US unemployment […]
date: 15 December 2020 By investigating the methanol price trend, it is obvious that whenever methanol price reached the 203 USD/MT, the price has a growth afterward. It seems methanol price is supported at the 203 USD/MT and also has a resistance at 350 USD/MT. If the price increase up to 350 USD/MT, it can […]