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Oil crisis concept - Oil Barrel on map of Middle East map
Commodities

Oil Powers Into the New Year as Traders Shrug Off Omicron Impact

January 14, 2022 Mariel Alumit

Brent trades above $85, set for a fourth weekly increase Physical crude markets and diesel are all flashing strength Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that […]

rigs - west Texas - ENB
Crude Oil News

US oil, gas rig count jumps 16 to 716 as Permian sees biggest weekly gain: Enverus

December 19, 2021 Mariel Alumit

The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic gain. The week’s total rig […]

Reuters - Japans Nikkei Index
Crude Oil News

U.S. stock futures, oil regain some ground after Omicron battering

November 28, 2021 Mariel Alumit

Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central […]

Big Oil Companies

Top US oil firms crank up shale output after cashing gains

October 30, 2021 Mariel Alumit

Exxon Mobil Corporation and Chevron Corporation on Friday disclosed plans to expand drilling in the top US shale basin after posting their biggest quarterly profits in years. Latecomers to the west Texas shale fields, both […]

Cushing Oklahoma - ENB
Commodities

Want an 11% Yield? Give Oil a Try

October 22, 2021 Mariel Alumit

Time will tell which one is out of sync. Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude […]

Crude Oil News

Brent Rises to Highest Since 2018 on Global Energy Crunch

September 27, 2021 Mariel Alumit

Brent rallied, nearing the key $80-a-barrel mark, on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as much as 2.3% to the highest level in […]

Crude Oil News

Oil Rallies to Six-Week High as U.S. Crude Stockpiles Tighten

September 15, 2021 Mariel Alumit

Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New York surged 3.1% on Wednesday […]

Iraq Aims To Increase Oil Exports To Asia With South Korea Deal - EnergyNewsBeat
Commodities

S.Korea, Chinese refiners snap up U.S. Mars crude

August 18, 2021 Stu Turley

South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]

Crude Oil News

Oil and Gas outlook for August 2021 – What we are looking for at King Research

August 18, 2021 Jay R. Young

On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]

Commodities

Crude Oil Retreats as Investors Weigh Demand, Iranian Tensions

August 1, 2021 Stu Turley

Oil fell after four monthly gains as data signaled a slowdown in China and investors monitored the spread of the delta coronavirus variant. West Texas Intermediate slipped 0.6%, after climbing 2.6% last week. China’s economic […]

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