Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude’s geopolitical risk premium. West Texas Intermediate fell 1.5% to settle below $83 a barrel after the New York Times reported […]
In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher. – […]
Oil inched lower on limited fresh signs of escalating conflict in the Middle East, but prices hovered above monthly lows as technical support limited losses. West Texas Intermediate’s most active June contract settled near $83 […]
Daily Standup Top Stories Larry Fink lashes out at BlackRock’s political critics: They ‘continuously lie’ April 17, 2024 Mariel Alumit BlackRock (BLK) CEO Larry Fink lashed out at political critics of the world’s largest money manager […]
Only two days ago analysts were predicting oil over $100 a barrel, but by Wednesday midday, crude prices were nose-diving by close to 3% as demand concerns heavily outweighed the prospect of a wider regional […]
The U.S. Energy Information Administration (EIA) raised its West Texas Intermediate (WTI) oil price forecast for 2024 and 2025 in its latest short term energy outlook (STEO), which was released last week. The EIA now […]
Daily Standup Top Stories Wind farms are useless, says Duke of Edinburgh April 14, 2024 Stu Turley In a withering assault on the onshore wind turbine industry, the Duke said the farms were “a disgrace”. He […]
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw […]
Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel from its previous projection. “That […]
Daily Standup Top Stories Dimon Calls Push to Stop All Oil and Gas Enormously Naïve April 8, 2024 Mariel Alumit Jamie Dimon said US delays of liquefied natural gas projects were done for political reasons to pacify […]
Copyright © 2024 | Sandstone Group