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 […]
March 4 (Reuters) – Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group. Brent […]
Daily Standup Top Stories TotalEnergies upholds March restart date for Denmark’s largest natural gas field March 2, 2024 Stu Turley TotalEnergies EP Danmark, a subsidiary of France’s energy giant TotalEnergies, has confirmed the previously set restart […]
In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term. “Robust U.S. shale supply growth, warm winter weather, more renewables, […]
The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April and beyond. WTI was trading at $80.04 per barrel at […]
A year and a half after a renowned Harvard professor described the pandemic of 2020 as “the mother of all shocks” to energy markets, oil and gas prices are still being rocked by supply and […]
Crude oil prices today inched higher after the Energy Information Administration reported an inventory draw of 9.2 million barrels for the week to January 19. This compared with a draw of 2.5 million barrels for the previous week, whose […]
In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further […]
Traders are purchasing call option spreads on Brent Crude, betting that oil prices will hit $110 per barrel by the end of March and April, with bets equivalent to around 30 million barrels. Current market […]
January 2, 2024 Data source: Bloomberg, L.P. Note: Spot prices are in nominal terms and are not adjusted for inflation. The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from […]
Copyright © 2025 | Sandstone Group