Demand destruction is the only thing that can stop oil shooting higher after the U.S. and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc. The […]
The Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Ukraine unfolds. Half a dozen […]
Oil consumption could surge more than previously expected and reach record levels this year, a global energy watchdog said, as restrictions to combat the coronavirus ease faster than anticipated, global economic growth mounts and pent-up […]
The two-year Covid crisis put many markets on a wild ride—just look at U.S. Treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel […]
Global oil markets are reacting to news from Eastern Europe that Russia has retracted troops from the Ukrainian border. However, price relief may be short-lived as bullish factors remain, reckons consultancy Rystad Energy. In a […]
Toril Bosoni, head of the International Energy Agency’s markets and industry division, says oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production. “It’s not in the interest of consumers, but […]
In my article earlier this week we covered more of the world’s geopolitical impact on the high oil and gas prices. If Russia invades, the pricing model supports $120 to $135 in the short run and […]
Oil prices rose late on Wednesday afternoon with Brent reaching just shy of $92 per barrel. But JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate. […]
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 […]
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