Any sharp oil sell-off, like the one this week, always has a clutch of plausible explanations and a sense that some sure-bet trade has unwound in a rout. And that’s almost certainly true. But there’s […]
The vaccine distribution cycle was not expected to be perfect, but the recent spike in cases in Europe, which some are calling the third wave, is not being met with a brigade of vaccines, but […]
Oil prices fell on Friday, extending losses for a sixth day as a new wave of COVID-19 infections wash across Europe, spurring new lockdowns and dampening hopes for a recovery in demand for fuels anytime soon. Prices plunged […]
Iraq’s state oil marketing firm SOMO denied a claim by Fujairah International Oil & Gas Corp of the United Arab Emirates (UAE) that an oil cargo, which the United States seized alleging that it carried Iranian crude […]
Singapore — 0240 GMT: Crude oil futures ticked lower during the mid-morning trade in Asia March 18, after the Energy Information Administration showed a build in crude and product inventories, even as a free-falling US dollar […]
Ellen R. Wald, Ph.D.It’s been one year since the United States began lockdowns in response to the coronavirus. In that time the federal government has approved a total of $4.8 trillion of stimulus. In essence, the government, which […]
One of the fastest-growing corners of China’s energy market is facing a potentially devastating blow as Xi Jinping’s government increases scrutiny of high-emission fuels. Chinese regulators are considering a new tax on imports of so-called […]
Oil topped $66 a barrel as traders assessed prospects for further recovery from the pandemic and the outlook for rising global demand as the OPEC+ alliance presses on with output curbs to drain inventories. West […]
Energy News Beat Publishers Note: There are some real nuggets in the full International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) STEO released this morning. The bottom line: Global economic growth in […]
Singapore — 0216 GMT: Crude oil futures were rangebound during the mid-morning trade in Asia March 17, as a surprise draw in US crude inventories helped ease concerns over weak European demand and increased Iranian supply. […]
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