At 11:23 am Singapore time (0323 GMT), the ICE Brent May contract was down by 37 cents/b (0.55%) from the March 9 settle at $67.15/b, while the April NYMEX light sweet crude contract was 25 […]
Singapore — 0329 GMT: Crude oil futures rose during the mid-morning trade in Asia March 9, as expectations of higher oil demand amid an improved economic climate encouraged buying activity from investors, even as the market […]
Oil slipped in London as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. Global benchmark Brent futures earlier surged above $71 a barrel, the highest […]
Energy News Beat Publishers Note: The unprecedented worldwide Covid stimulus capital injections into markets has set the stage for unparalleled inflation growth. This will ultimately impact the demand side of the oil pricing model. World […]
International oil prices rose after OPEC and its allies ignored India’s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the […]
Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back. By keeping a tight grip on supply […]
Singapore — 0232 GMT: Crude oil futures ticked higher during the mid-morning trade in Asia, with optimism over large draws in US product inventories trickling down into markets otherwise cautious ahead of the OPEC+ meeting. At […]
Singapore — 0307 GMT: Crude oil futures ticked up during the mid-morning trade in Asia March 3 as the market regained its footing after an overnight sell-off, with investors attention now focused on the upcoming OPEC+ […]
Energy News Beat Publishers Note: It is a good thing for India to voice its concern before Thursday and Friday’s meetings of OPEC. The policies for price manipulation have been tough to enforce, and increased […]
Singapore — 0305 GMT: Crude oil futures dived during mid-morning trade in Asia March 2, as a stronger US dollar eroded buying sentiment, and as uncertainty over the upcoming OPEC+ meeting continued to weigh on the […]
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