Oil storage locations across the Americas are emptying as the remarkable rally in crude prices undermines the need to buy and stockpile barrels. Tank owners were one of the few benefactors from last year’s collapse […]
Markets mixed, Earnings are rolling out – Jobless numbers impacting – around the 10% if the people that quit looking for work included. Duke Energy Earnings NG Stocks 171 BCF Draw ET goes to renewables […]
The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said. The IEA cut forecasts for world oil consumption in 2021 by 200,000 […]
Singapore — 0255 GMT: Crude oil futures were lower during mid-morning trade in Asia Feb. 11 on the back of a build in US gasoline inventories and despite the sharp drop in crude oil stocks. At […]
Crude Oil and Natural Gas News Putin wants to take out US Shale, and produce everything Biden bans. OPEC still has no enforcement of production Total says that there will be 10mbd off the market […]
France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the […]
Singapore — 0234 GMT: Crude oil futures were rangebound in mid-morning trade in Asia Feb. 10 as improving fundamentals for crude oil were weighed against concerns of an overheated market. At 10:34 am Singapore time (0234 […]
Markets stay flat today after huge Monday rally fades away S&P 500: 01% Nasdaq: -0.09% Dow Jones: 08% “The market has been pricing in the reopening optimism, and in the short term that may be […]
Singapore — 0300 GMT: Crude oil futures strengthened during mid-morning trade in Asia Feb. 9, as expectations of a return to pre-coronavirus consumption patterns amid the abating crisis and hopes of an upcoming US stimulus package […]
Oil rose for a seventh day in New York, the longest streak in almost two years, on continued signs the global market is tightening and demand is improving. West Texas Intermediate futures increased 0.3% on […]
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