New York — Crude oil futures finished the week sharply lower as a stronger dollar and expectations of rising global supply continued to pull prices off 13-month highs seen earlier this week. NYMEX April WTI settled […]
The freeze-driven shuttering of core sections of the U.S. refining system isn’t all good news for rival plants in Europe. Down at the bottom of the barrel, losses are deepening. While U.S. shutdowns mean less […]
Given data lags and uncertainty, it is often said that the Fed guidance of the economy is like someone driving through a tunnel with the windshield painted black, relying on the rearview mirrors and bouncing […]
Energy News Beat Publishers Note: With China holding 80% of the rare earth minerals, and the lack of support to fight regulations in strip mining in the US, there seems to be some heavy lifting […]
Singapore — 0549 GMT: Crude oil futures were lower during midafternoon trade in Asia Feb. 26 as a risk-off sentiment in equities markets added downward pressure to oil prices, further hurt by rising bond yields pushing […]
Singapore — 0314 GMT: Crude oil futures ticked higher during midmorning trade in Asia Feb. 25 as the market overlooked bearish data from the US Energy Information Administration to focus on optimism over declining COVID-19 infection […]
There could be more bad news for fuel consumers who may not get any respite from flaring fuel prices in the near future. Three Wall Street banks – Goldman Sachs, Morgan Stanley and Bank of America – have forecast oil […]
Sachs Commodities Research raised by $10 its Brent crude oil price forecasts for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows. The Wall Street bank expects […]
Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn. Hedge funds have piled into what’s become the biggest bullish wager on the asset class in at […]
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as […]
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