China’s appetite for domestic oil consumption may remain subdued for an extended period following the rising number of confirmed COVID-19 cases, but analysts and trade sources told S&P Global Commodity Insights Nov. 28 that the […]
Oil futures were on track Thursday to tally back-to-back declines as China’s zero-COVID policy continued to dull the outlook for energy demand. Natural-gas futures bucked the downtrend for the energy sector as U.S. government data […]
State-owned oil and gas giant PetroChina forecasts that China’s natural gas demand growth in 2022 may be the lowest annual rate on record — and possibly even negative — as high LNG prices, sluggish economic […]
With the global economy in crisis, more oil and gas production is needed, a top US envoy said Oct. 31, sharing a stage with Saudi and UAE energy ministers, who defended the recent decision by […]
U.S. diesel consumption bounced back with a vengeance from its Labor Day dip and surged well above the levels of the last few years. That’s what energy and environmental geo-analytics company Kayrros noted in a […]
Crude oil futures were higher in mid-morning Asian trade July 15, shrugging off rangebound trading over the past two sessions, as investors weighed conflicting signals of deteriorating macroeconomic fundamentals and a still tight oil market. […]
Crude oil futures were higher in mid-morning Asian trade July 13, trimming losses after a plunge of more than 7% overnight as the near-term outlook weakened considerably amid COVID-19 curbs in China and weakening sentiment […]
Crude oil futures were higher in mid-morning Asian trade June 8 as anticipation that an EU ban on Russian oil would tighten supply overshadowed reports of an inventory build in the US. At 10:18 am […]
HIGHLIGHTS UK government not ruling out windfall tax Shanghai’s economy reopening uncertain Oil prices firmed in early Europe trading May 23 amid a tight market with low stocks, US fuel demand, and as Shanghai prepares […]
Weekly U.S. crude oil production figures by the Energy Information Administration are a closely watched data set, but monthly production figures—which lag by months—often are seen as painting a more accurate picture of true production. […]
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