Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.8%, or $3.85, to trade at $98.91 per barrel. West Texas Intermediate crude futures, the U.S. […]
Crude oil’s rally continued unabated today even after the United States and several of its international allies said they may release oil from their reserves in response to the high prices. Reuters reported that the United States […]
ENB Publishers Note: If Russia is to invade, Putin needs to take the steps in the next 10 days for 2 reasons. His tanks will sink in the mud, and the demand for winter natural […]
Aramco’s move follows Brent oil jumping above $93 a barrel Prices climbing with demand strong and supply disruptions Saudi Arabia raised oil prices for customers in Asia, the U.S., and Europe after crude’s surge to […]
Natural gas represents about one-fifth of all primary energy used across Europe. It accounts for about 20% of electric power generation and also is used for heating and industrial processes. Russia is the largest supplier of natural […]
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies. “These prices are justified,” Mike Muller, head of Asia for Vitol Group, […]
Brent trades above $85, set for a fourth weekly increase Physical crude markets and diesel are all flashing strength Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that […]
The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic gain. The week’s total rig […]
Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central […]
Time will tell which one is out of sync. Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude […]
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