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 […]
Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Global oil markets are on track to be “extremely tight” in the second half, with prices […]
When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation […]
(Updated – April 3, 2024 10:31 AM EDT) Crude Inventory 3.21M Barrels vs 9.4K Expected Cushing -377K Gasoline -4.26M vs -453K Expected Distillate -1.27M vs -663K Expected Summary of Weekly Petroleum Data for the week […]
NEW YORK, April 3 (Reuters) – Oil prices settled at their highest levels since late October on Wednesday as investors worried about supply disruptions from a worsening geopolitical landscape, although a jump in U.S. crude […]
With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86 per barrel and peak this summer at […]
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