NEW YORK, March 18 (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in […]
NEW YORK, March 13 (Reuters) – Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply […]
March 4 (Reuters) – Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group. Brent […]
Oil Price U.S. crude oil production broke another record in September, putting additional pressure on the OPEC+ group, which looks to keep oil prices above $80 per barrel by controlling “market stability.” Source: Reuters The underwhelming […]
Natural gas is a fossil fuel made up of methane and other hydrocarbons formed from the decomposition of organic matter. It is extracted via various methods and used as an abundant and relatively inexpensive source […]
Introduction It’s time to do two important things. First, we’ll discuss oil market fundamentals. Most of my readers know that I have covered oil supply worries a lot since 2020. These worries are a major […]
Authored by Tsvetana Paraskova via OilPrice.com, While a $60-per-barrel oil price cap may sound straightforward, implementing it in what is a complex market could get very messy. Physical oil is nearly never traded at fixed […]
There are asymmetrical upside drivers for oil prices by the end of the year, according to RBC Capital Markets, which is long oil with WTI call options for June 2023 at $120 a barrel. The […]
Builds in global oil inventories seen for the first time in two years have helped to ease crude oil prices, the US Energy Information Administration said July 12 as it lowered its 2022 oil price […]
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. […]
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