The U.S. Energy Information Administration (EIA) has revealed its latest Brent spot average price forecasts for 2023 and 2024 in its October short term energy outlook (STEO), which was released this week. According to the […]
U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines. Surging global demand coupled with output cuts by Saudi Arabia and Russia have sent crude […]
After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in […]
The trading arm of French supermajor TotalEnergies is gobbling up U.S. crude, pushing WTI crude for delivery at Cushing to its highest premium since November, Bloomberg has reported, citing unnamed sources. Dubbed Atlantic Trading and Marketing […]
The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100. At 12:23 p.m. ET […]
Oil prices moved higher early on Friday, with Brent trading at $83.88 and WTI rising to $79.58. Despite the small increase, both WTI and Brent are on course for another weekly decline as supply concerns […]
China’s central bank pledges ample liquidity Dollar index eases from two-month highs Markets fear high U.S. interest rates for longer HOUSTON, Aug 17 (Reuters) – Oil prices rose on Thursday after falling for three straight […]
Oil prices fell again today – to two-week lows – as dismal data out of China raised doubt on demand forecasts. “Oil markets are suffering from economic growth concerns,” said Giovanni Staunovo, an analyst at […]
Oil prices slid on Monday morning, with Brent falling below $86 per barrel and WTI trading at $82.31. China’s economic woes combined with a strong U.S. dollar are weighing on oil prices. OPEC+ production cuts […]
US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast. Higher-than-expected well […]
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