Black Gold Markets

  February 27, 2025 Geopolitical events cause major uncertainty   Source: Trading economics, 26th of February 26, 2025. Brent Crude oil   Since our last update on the Brent Crude oil price, the price has fallen from 74,93 dollars per barrel to 72,82 dollars per barrel.   The geopolitical and economic factors continue to affect the price of Brent crude oil. In the last blog report, we mentioned a meeting between US president Donald Trump and Russian president Vladimir Putin. In relation to this meeting there has been speculation about a potential peace deal between Ukraine and Russia being made. This has introduced further uncertainty about the future oil supply.   There are also economic factors that influence the price. Consumer confidence has dropped in the US, and also in Germany. This incentivized international concerns about an economic slowdown, which obviously affects the demand for crude oil. Source: Trading economics, 27th of February 26, 2025. Gasoline...

Oil markets in turmoil: How political movements are shaping the future Source: Financial Times, February 13th 2025, “Brent Crude Oil Price” The last couple of weeks have been hectic to say the least. After a substantial fall in the price of crude oil (Brent), it looked like it was slowly increasing again. There are multiple explanatory factors to the decrease, but US president Donald Trump’s promise to increase production is the most prominent. OPEC+ had a meeting in the first week of february, which resulted in a continuation of their current plan to cut production in April.  Less uncertainty in the markets resulted in a price gain for crude oil in early February. But the markets are ever changing again. President Donald Trump's announcement of talks being held with president Putin Wednesday February 12th is indicating a shift in global politics and trade. For the past two years Russia has been heavily sanctioned by the EU and USA for their ongoing war in Ukraine. Peace in Ukraine...