Crude oil prices remained steady overnight Monday and edged up slightly on Tuesday as the ongoing refined product supply squeeze keeps oil prices elevated, OANDA analyst Jeffrey Halley said in a Tuesday note. In addition, […]
The decision by OPEC+ to boost its production quotas did not have the desired effect on oil markets, with prices having increased since then. One of the main reasons for this upward pressure is that […]
June 13 (Reuters) – Major Gulf bourses declined in early trade on Monday, in line with Asian shares and oil prices as an unexpected spike in U.S. inflation renewed fears over policy tightening and economic […]
Global oil markets were experiencing unprecedented volatility in March and April 2020, with spot U.S. crude oil trading between $47 and negative $37 a barrel. By May the world was beginning to absorb the economic shutdown. It […]
The Middle East’s top oil exporter, Saudi Aramco, was heard to have issued full July term crude volumes to some Asian buyers though refiners in China were heard to have nominated lesser volumes amid weak […]
Ever since the oil price crash of 2020, OPEC has been coordinating to adjust how much oil they produce in order to balance out supply with changes in demand. Most recently OPEC decided to increase […]
Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as demand for oil surges on historically tight supply, Rystad Energy research shows. Total oil output from the Permian, including both […]
(Bloomberg) — Exxon Mobil Corp. and TotalEnergies SE are among a group of Western energy companies poised to win stakes in a multibillion-dollar project to boost Qatar’s gas exports, people with knowledge of the matter […]
Jay Young, CEO of independent oil and gas producer King Operating, discusses the biggest challenges in tackling high energy prices and the cost of new production and investment. ENB Editors Note: Alternative Investments like oil […]
(Bloomberg) — India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international buyers turn down dealings with Moscow over its […]
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