Escalation in Ukraine War Brings Back Geopolitical Risk in Oil
Tuesday, 19 November 2024 () The sudden escalation of the Russia-Ukraine war with the United States, UK and France allowing Ukraine to use long-range missiles to strike Russian territory and the subsequent change in Russia’s nuclear doctrine have brought the long-forgotten European geopolitical risk back, lifting ICE Brent slightly to $73 per barrel. - US crude futures have flipped to contango for the first time since February, signaling oversupply into a market that is increasingly worried about the impacts of potential Trump tariff wars and slower Chinese demand growth.…
Donald Trump Jr. has harshly criticised President Joe Biden's decision to approve the use of American-made ATACMS missiles by Ukraine, warning that it could escalate the conflict and lead to World War III. The approval allows Ukraine to strike deep inside Russian territory, a move that Trump Jr....
As the Russia-Ukraine war reaches its 1,000th day, the global impact is profound. Over 1 million casualties, extensive territorial losses, and a crippled Ukrainian economy are major consequences...
In a significant move to bolster European security, President Biden has approved the provision of long-range missiles to Ukraine, a decision that comes amidst heightened geopolitical tensions. The..
Moscow is raising alarm after former UK Prime Minister Boris Johnson’s comments about sending British troops to Ukraine, warning that any NATO intervention could escalate tensions significantly. As..
Tuesday, 19 November 2024 ()
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