LONDON (Bloomberg) –OPEC increased its forecast for global oil demand in the first quarter substantially, as some of this year’s recovery is delayed by Omicron but the overall risk from the new virus strain remains […]
The oil market flashed its biggest bearish signal in months on Tuesday, indicating oversupply could be on the horizon through the first quarter of 2022. Brent crude for February settlement flipped to trade at a […]
The OPEC+ meeting that began on Dec. 1 is still technically “in session” 11 days later. Remarkably, perhaps, it’s still short of being the oil producer group’s longest gathering — it has another week to go to beat the one held […]
The latest price drop on oil and gas has caused quite a stir in the energy markets. There are still a couple of standards that we have to follow. Men should listen to their wives […]
OPEC+ is weighing its supply options after the US-led attempt to lower prices by releasing stocks has been complicated by major a sell-off after resurgent COVID-pandemic fears. How it responds will set the tone for oil […]
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts to push oil-importing countries to […]
The oil producers’ group OPEC+ will likely take a cautious stance when deciding this coming week whether to go ahead with planned output increases after the emergence of a new coronavirus variant sent crude prices […]
OPEC and its allies are increasingly inclined to ditch their plan to raise output next week, as a new virus variant triggered oil’s worst crash in over a year. The 23-nation alliance led by Saudi […]
Oil prices erased losses and jumped on Tuesday morning following the SPR release announcement Despite the seemingly big number, 50 million barrels, the U.S. release actually equals around two and a half days of American […]
ENB Publishers Note: Note that when Saudi Arabia announced several months ago that they are planning on having a budget surplus at the end of 2022, those numbers are banking on oil over $90. Saudi […]
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