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 […]
Tech sell of continue amid Chairman Powell’s meeting notes of managing inflation S&P 500: -0.8% Nasdaq: -2.1% Dow Jones: -0.42% “The economy is a long way from our employment and inflation goals, and it is […]
Premier Oil Plc, the indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as the largest independent oil and gas producer among U.K. stocks just as the global crude market roars back. With […]
The heads of BP Plc, Total SE and Equinor ASA are among dozens of speakers convening for the annual International Petroleum Week conference, an event markedly different this year from previous gatherings. The industry’s flagship event in […]
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 […]
Energy News Beat Publishers Note: This total of 579,000 bpd is outside the quotas assigned to Iran and will impact world supply. Most going to China at a discounted rate. Iran has launched three pipelines […]
New York — Crude oil futures surged nearly 4% to settle at 13-month highs Feb. 22 as US refineries began to restart in the wake of severe weather across the southern US last week. NYMEX March […]
New York — Crude oil price declines continued Feb. 19 as the market eyed rising supply outlooks amid the restart of Texas production and easing US-Iran tensions. NYMEX March WTI settled down $1.28 at $59.24/b and […]
Iraq has decided to freeze its first crude oil prepayment deal, which had aimed to boost its finances because oil prices are rising, the country’s oil minister told BBC Arabic on Sunday. “We had concerns […]
Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices […]
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