Update (1115ET): It appears the potential loss of 600k b/d in oil supply to Cushing is nothing to worry about as the initial price spike that sent WTI crude prices up to $75.50 has been […]
Oil has continued its decline, settling below $80 on Wednesday, at prices not seen since last January. Analysts point to weak demand, amid fears of a global economic slowdown, or even recession. European benchmark Brent […]
HOUSTON, Dec 7 (Reuters) – The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains since Russia’s invasion of Ukraine exacerbated the worst global energy supply crisis […]
Duke Energy steps up to the plate for the Energy Transition WTI Slides After Huge Product Builds, Crude Production Rise Five Things the Energy Transition Can’t Do Without Coal was the largest source of electricity […]
After an ugly slide as Europe opened, oil prices have rebounded as China’s rollback of some COVID-19 measures boosted the outlook for energy demand and traders are optimistic that the official inventory data this morning […]
At its latest meeting the alliance of OPEC and its allied countries, including Russia, also known as OPEC+, has decided to not change its production quotas for member countries. Analysts say the cartel has decided […]
Oil prices tumbled further today as growing concern that US interest rates will stay higher for longer has also increased speculation that economic growth will slow and drag down energy demand. Dollar strength also did […]
India will prioritize its own energy needs and continue to buy oil from Russia, its foreign minister has indicated as Western governments implemented a price cap to squeeze Moscow’s earnings from oil exports. Minister of […]
A price cap on Russian seaborne oil – agreed to by the European Union, the Group of Seven nations and Australia – has come into force. The $60-per-barrel cap on Russian crude is aimed at […]
The EU and G7 price cap on Russian oil went into effect on Monday, but it’s already causing disruptions in global supply chains. The first manifestation comes from Turkey, where the Financial Times reports that […]
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