Oil and Gas

Six Arab countries have severed all ties with the oil-rich state of Qatar. Saudi Arabia, Bahrain, the UAE, Libya, Egypt, and Yemen summoned their diplomats, shut down their borders, closed their airspaces, and barred further economic relations. All this comes as a retaliation to Qatar’s suggested financial backing of various Sunni extremist groups, the most […]

Petrofac shares (LSE:PFC) have crashed seriously. Price consolidated in February and March this year, and then formed a bearish signal in April, and then collapsed massively in May. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the […]

Hurricane Energy shares (LSE:HUR) have generated a new bearish signal. The bearish signal could become significant over time, resulting in a serious bearish trend.   The price has been going upwards since July 2017, until recently. There is a now a movement below the EMA 21, while the Williams’ % Range period 20 is in […]

Premier Oil shares (LSE:PMO) may soon experience a severe pullback, based on what is happening in the market at the moment. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All […]

BP shares (NYSE:BP) are not attractive right now because the market has been quite choppy. It is better to stay aside until the market assumes a directional movement. 4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the […]

Chevron stock (LSE:CVX) is a bear market; being in a downtrend. The uptrend that was seen in November and December 2017 ended at the beginning of this year. Price has gone south this year, having broken below the lower Trendline. The RSI period 14 is below the level 40, showing the bears have upper hands […]

Exxon Mobil stock (NYSE:XOM) is an equilibrium market at the present. This equilibrium phase is February, following the massive sell-off that was witnessed in January 2017. Price is currently located within the upper and lower Trendlines, and a rise in momentum is expected any week from now, which would push price outside the Trendlines. The […]

Oil prices dropped by 10% last week, with the news of the North American production being stronger than expected. This news triggered the oil market’s price volatility. The volatility of the international oil markets fell from September 2016 to January 2017. The expected output cuts from OPEC countries including Russia caused the expectancy of crude […]

As we already know, the OPEC members have finally agreed to cut production in November; followed with the non-OPEC countries in December 2016. For the moment, the deal is valid for six months but there is more supply in the world than the oil itself, evidently effecting the oil prices. For this reason, the agreement […]

The labour market in the US remains hot and consumer spending is strong. It is vital for Yellen to decide when it is the right time to raise rates in order to cool down the US economy. As early as March or June? The interest rate decision is just a question of time, like she […]