Attention! Important information.

Dear visitor, your ip address refers to the country in which the company's services cannot be provided.
The list of these countries includes: USA, Japan, North Korea, canadian provinces of British Columbia, Quebec and Saskatchewan.

Please accept our apologies. With best regards,

The past week began with reports that the world's heavy oil creates serious problems for US refineries as the summer comes, and, accordingly, the demand for gasoline increases.

This is due to a sharp reduction in the supply of raw materials by Venezuela and Iran, which fell under US sanctions, as well as due to a decrease in production by Canada and OPEC. This led to higher prices for fuel oil, which is used to produce gasoline.

In the meantime, the oil quotes at the beginning of the week moved up and the price for Brent exceeded the level of $ 70 per barrel thanks to the agreement of the OPEC + group on voluntary restriction of oil production, as well as due to tougher American sanctions against Iran and Venezuela. These factors had a greater impact on the market than concerns about the slowdown in the global economy.

In the middle of the week, oil prices moved to a correction, moving in the range of $ 69-70. Market anxiety regarding the US-China trade conflict put pressure on raw material quotes. Many analysts believe that the dynamics of oil prices in the coming month, before the meeting of OPEC + June 25-26, will increase volatility, since it will mainly be determined by market sentiment and the actions of speculators. Today, the oil market is experiencing colossal geopolitical impact, and geopolitics is most clearly manifested in the oil supply.

Meanwhile, Arab leaders gathered in Saudi Arabia for an unscheduled meeting to discuss attacks on oil tankers in the UAE and pumping stations in Saudi Arabia. Saudi Arabia and the United Arab Emirates, who lobbied for sanctions against Iran in Washington, said they wanted to avoid starting a war because of the attack of drones on pumping stations in the kingdom and because of an act of sabotage against oil tankers in the United Arab Emirates. Riyadh accused Tehran of ordering an attack using drones. US National Security Advisor John Bolton said that Iran’s mines were almost certainly involved in the attack on the tanker. Tehran, of course, denies any involvement in the incidents.

At the end of the week, the main topic in the oil market was the situation around a Chinese vessel loaded with Iranian oil. Pacific Bravo supertanker was fixed by tanker tracking companies and KPLR, transporting oil from Iran, possibly to China, for what is considered to be the first shipment after the Trump administration imposed a tough ban on the purchase of Iranian oil. “Are the Chinese going to actually violate the sanctions or not?” This will be the first outright disregard of sanctions, and if they are committed to this idea, then for Iran it is very important - this is the way out that will allow the regime to stay afloat, ”said John Kilduff, partner of Again Capital.

Pacific Bravo was recently acquired by Bank of Kunlun, which is the holding structure of the state-owned Chinese company China National Petroleum Corporation. This bank is known for promoting close cooperation between China and Iran. At the moment, the final destination of Pacific Bravo is Indonesia, but KPLR tracking company experts note that ships often change direction. In reality, Indonesia can only be a checkpoint, and as a result, the tanker will deliver Iranian oil to China.

Company news

27.08.2019 Week of the super benefits from! Read more ...
22.07.2019 Week of the super benefits from! Read more ...
24.06.2019 Week of the super benefits from! Read more ...
04.06.2019 Changes in the schedule of trading sessions due to the Russia Day at 12 of June. Read more ...
27.05.2019 Week of the super benefits from! Read more ...
Show all

Expert view

15.09.2019 China and US: steps to armistice Read more ...
15.09.2019 News from Saudi Arabia Read more ...
08.09.2019 Short trading week Read more ...
08.09.2019 China will invest in Iran Read more ...
01.09.2019 The US stock market waiting the war to end Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check, Win Pay (check


Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.