Oil fell amid widespread losses on Wall Street as lackluster earnings and diminished consumer confidence prompted broad selling. West Texas Intermediate fell over 2% to erase the previous session’s gains, swayed by broader market movement […]
After OPEC+, consisting of 23 oil-exporting countries including Russia, revealed crude oil production cuts for 2023, the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy, has slightly […]
As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its pre-pandemic peak. But recently, Looney has […]
Oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions. Moscow says it will reduce output by half a million […]
Oil held steady as investors weighed the extent of China’s demand recovery and fears a global slowdown with drag down consumption. West Texas Intermediate futures were $80 a barrel after declining 1.8% on Tuesday as […]
What psychologists refer to as “illusory truth” is the tendency people have to believe anything, no matter how false, so long as they hear it repeated often enough. Proponents of climate alarm endlessly repeat that the world […]
ENB Pub Note: Audurand has some excellent points, until the calculations with the EV cars displacing the amount of oil due to their increases sales. That seems yet to be determined. Hedge fund manager Andurand: […]
Authored by Victor Xing via The Mises Institute, Executive Summary In the near term, China’s reopening and buying of ESPO crude would likely erode the role of Brent & energy indices Gulf nations envision the […]
By Grant Smith and Mark Cudmore, Bloomberg markets live reports and strategists Oil prices may have surrendered the bulk of this year’s gains, but the conditions are right to lure back bulls in the new […]
Portfolio manager Eric Nuttall sees oil returning to $100 per barrel in 2023. The end of coordinated SPR releases, the gradual reopening of the Chinese economy and sanctions on Russian crude could lift oil prices […]
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