Crude Oil News
Is OPEC+ Ready to Start Celebrating?
For the last two years oil prices have really been in a very narrow range from $70/bbl. to $85/bbl. Brent crude so to speak. At the start of this year Brent was trading close to […]
Brent
Crude Oil News
Oil prices advance on tighter supply outlook
LONDON, March 28 (Reuters) – Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter supply outlook ahead, while the OPEC+ producer alliance was widely expected to stay the […]
AI
Nuke-Powered Data Centers Coming to a City Near You
Daily Standup Top Stories Mass casualties feared as boxship takes out bridge in Baltimore – other coal and exports blocked March 26, 2024 Stu Turley Many are feared dead in Baltimore following a dramatic bridge collapse […]
Crude Oil News
Oil settles lower as markets weigh Russian supply woes
March 26 (Reuters) – Oil prices settled lower on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks. Front-month Brent crude futures due to expire […]
AI
Nuclear Dilemmas?
Daily Standup Top Stories Big Tech’s Latest Obsession Is Finding Enough Energy March 24, 2024 Stu Turley HOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle […]
Crude Oil News
Oil prices down on Gaza ceasefire talks, flat on the week
NEW YORK, March 22 (Reuters) – Oil prices slipped on Friday and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks, while the war in Europe and shrinking […]
Crude Oil News
EIA increases oil price forecast following OPEC+ production cut extension
We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. […]
Big Oil Companies
Oil Could Rise More than Anyone Expects This Year
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. […]
Crude Oil News
Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks
NEW YORK, March 13 (Reuters) – Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply […]
Crude Oil News
Oil Settles in Tightest Weekly Range Since 2021
Oil eased lower as a brief outage on North America’s Keystone pipeline failed to shake prices out of the tightest weekly trading range in years. West Texas Intermediate fell 1.2% to settle near $78, further […]