Oil prices dipped lower today, back to basically unchanged since Saudi’s production cuts were announced as persistent economic uncertainty weighs on the outlook for demand. Saudi Arabia’s production cuts “will take some supply off the […]
Oil prices are lower this morning, after a quick trip higher on weaker-than-expected CPI (less Fed tightening). However, this ‘dovish’ dip in CPI was not enough to quell concerns about a recession and implicitly weak […]
With earnings season in full swing, big players like Exxon, Halliburton and Baker Hughes have posted strong results despite lower crude prices in Q1. Friday, April 28, 2023 Oil prices have stabilized around $78 per […]
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 […]
Oil flows in Texas are shifting, with Houston set to attract increasing volumes of both US and Canadian crude over the near and medium term. Several factors are likely to incentivize shipments to Houston going […]
Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 […]
Pioneer Natural Resources CEO Scott Sheffield says oil could reach $100 a barrel by q4. He also says oil output in the Permian Basin will peak in five to six years. He speaks to Bloomberg’s […]
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 […]
Mar 3, 2023 (Bloomberg) Oil headed for a weekly gain as confidence in China’s recovery offset concern that US monetary policy is set to tighten further.West Texas Intermediate slipped below $78 a barrel, but is […]
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 […]
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