ANZ’s Hynes Says Oil dropped alongside other financial assets and commodities as crude’s sizzling rally ran out of steam after hitting a seven-year high. Futures in New York slumped more Continue Reading
Oil’s rally faltered after U.S. crude stockpiles rose modestly amid renewed pledges from President Joe Biden to try to curb prices. Futures in New York edged lower, closing below $87 Continue Reading
Crude oil futures were sharply lower in mid-morning trade in Asia Jan. 21, plunging from 7-year highs reached earlier this week as investors rushed to book profits after a multi-week Continue Reading
The imbalance of supply and demand in oil markets is growing, and it could lead to higher oil prices. Prices have gone from strength to strength on both major benchmarks, Continue Reading
Oil prices are quickly approaching $90 as geopolitical uncertainties continue to mount. Over the past week, drone attacks against targets in the UAE and escalating tensions between Russia and Ukraine Continue Reading
Libya’s oil production hovers around 1 million bpd after recent blockade got lifted Libya’s production goal for end-2022 is 1,45 million bpd, and 1,6 million bpd for end-2023 Political instability, Continue Reading
While negotiations continue over the potential lifting of U.S. sanctions on Iran, Iran is planning to invest heavily in its oil industry and boost production Its largest investment is a Continue Reading
An explosion Tuesday evening on the Turkish side of the Iraq-Turkey Pipeline (ITP) temporarily stopped Iraq’s northern oil export flows. Turkish authorities were able to resume pipeline operations by midday Continue Reading
The NLC boss alleged that some people are profiting from the dysfunctional state of the country’s refineries. The President of Nigeria Labour Congress (NLC) , Ayuba Wabba, has blamed the Continue Reading
The heads of state of Brazil, Guyana, and Suriname will discuss on Friday joint infrastructure and energy projects Construction of roads, bridges, and a deepwater port in Guyana will be Continue Reading
Major Chinese liquefied natural gas (LNG) importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to Continue Reading
Coal prices are surging as traders in Asia scramble to snatch up winter supply amid fears of delayed deliveries from Indonesia and as a global energy squeeze continues. At least Continue Reading
The active rig count increased in the week ending Jan. 19 in every major US oil and gas shale basin barring the Utica as operators take advantage of high prices Continue Reading
Highlights Midland, Texas low temperature forecast to dip below 20F Waha cash price falls 83 cents on Jan 20 to $3.86/MMBtu Balmo, February forwards markets price in Waha premium Low Continue Reading
US natural gas inventory fell by more than 200 Bcf during the second week of 2022, much more than the market expected, yet the Henry Hub prompt retreated nearly 20 Continue Reading
The top diplomats of Russia and the United States were to meet in Switzerland on Friday to discuss soaring tensions over Ukraine after a flurry of meetings between officials on Continue Reading
A small preliminary laboratory study has shown that levels of Omicron-neutralising antibodies of people vaccinated with Russia’s Sputnik V vaccine did not decline as much as of those who had Continue Reading
BP and Rosneft were the only companies to have delivered over 1 billion barrels of oil equivalent in discoveries last year due to their exposure in Russia which yielded 48 Continue Reading
Highlights GBP1.7 billion in private funding from Tritax and abrdn Undisclosed govt funding said to be around GBP100 mil: source UK-based battery maker Britishvolt has received funding from the UK Continue Reading
Platts Dated Brent was assessed above $90/b for the first time since 2014, as the global crude market continued to demonstrate tightness for prompt-loading cargoes. Receive daily email alerts, subscriber Continue Reading
“The inflation has everything to do with the supply chain,” Biden said as he talked about how the administration is dealing with rising inflation. Oil slipped from the highest close Continue Reading
Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels Continue Reading
Goldman Sachs has raised its oil price forecasts ‘significantly’. Goldman Sachs has raised its oil price forecasts “significantly” through 2023, its latest commodities research note has revealed. The company now Continue Reading
Already less transitory than forecast, central bankers’ inflation headache may be about to become more acute as they face the prospect of $100-plus oil that lifts consumers’ price expectations and Continue Reading
The IEA raised its demand growth estimates by 200,000 bpd for both 2021 and 2022 The market is tighter than expected, the agency said, but still warned that there would Continue Reading
Global oil markets look tighter than previously thought. Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are Continue Reading
Abu Dhabi, federal capital of the United Arab Emirates, was this week hit by a drone attack claimed by Iran-backed Houthi rebels in Yemen. The assault risks ending the first Continue Reading
An explosion Tuesday evening on the Turkish side of the Iraq-Turkey Pipeline (ITP) temporarily stopped Iraq’s northern oil export flows. Turkish authorities were able to resume pipeline operations by midday Continue Reading
India’s opposition Samajwadi party hosted an unexpectedly lively rally last week, with politicians delivering speeches enthusiastically received by thousands who had attended despite a ban on live campaign events. The Continue Reading
COVID-19 infections are reaching new peaks in the Americas with 7.2 million new cases and more than 15,000 COVID-related deaths in the last week, the Pan American Health Organization (PAHO) Continue Reading
Highlights Russia overtakes Saudi Arabia to be China’s top crude supplier in Dec Saudi Arabia helps Middle East increase market share to 50% in 2021 Value of China’s crude imports Continue Reading
Biden Says He Can’t Ease Tariffs on China Yet President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. Continue Reading
A powerful cloud of planet-warming methane was spotted earlier this month in Oklahoma near multiple pipelines and oil and gas wells. State and federal regulators said they couldn’t identify the Continue Reading
Electrify America EV charging stations on display at AutoMobility LA in November. Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here . Frequent Continue Reading
While sentiment and intent can heavily influence oil markets, it is the fundamentals that ultimately shape them When it comes to U.S. shale production and investment, those fundamentals are increasingly Continue Reading
Crude oil production in the Permian shale play reached a record-high last month, averaging 4.92 million bpd, the Energy Information Administration reported in the latest edition of its Drilling Productivity Continue Reading
Low temperatures in Boston dip to the single digits F Northeast res-comm demand outpaces 5-year average Boston cash prices top $26, pulling balmo contract up The arrival of frigid weather Continue Reading
“I’m not so sure he has, is certain, about what he’s going to do,” Biden says. “My guess is he will move in, he has to do something.” President Joe Continue Reading
LONDON, Jan 19 (Reuters) – British Prime Minister Boris Johnson announced the end of COVID-19 measures including mandatory face masks in England as he looks to live with the virus Continue Reading
German producer prices rose 24.2% year on the year in December, with the record annual jump driven by higher energy prices, official data showed on Thursday. The jump from the Continue Reading
When the coronavirus pandemic was first declared, Spaniards were ordered to stay home for more than three months. For weeks, they were not allowed outside even for exercise . Children Continue Reading
The Peakshaver liquid natural gas installation and storage site operated by NV Nederlandse Gasunie at the Port of Rotterdam. The Netherlands is throwing a hydrogen life preserver to pipelines that Continue Reading
A rendering of the liquid hydrogen powered FlyZero passenger jet concept A U.K.-backed research group unveiled a design for a liquid hydrogen-powered airliner theoretically capable of matching the performance of Continue Reading
Gas prices have slumped despite seemingly favorable geopolitical trends such as increased tensions between Russia and Ukraine, delays in the Nord Stream 2 pipeline, and eastward flows on the key Continue Reading
Moscow, Russia, currently runs 1000 electric public electric buses on 66 bus routes, giving it the distinction of operating the largest e-bus fleet in Europe and America. This year the Continue Reading
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical Continue Reading
Oil held gains above the highest close since 2014 as the International Energy Agency said the market looked tighter than previously thought, with demand proving resilient to omicron. The global Continue Reading
A tight physical supply in crude markets could send oil prices even higher. Demand has proven to be more resilient to the effects of Omicron than many analysts had originally Continue Reading
Oil prices will exceed pre-pandemic levels over the next few years but where they will settle remains extremely uncertain, my seventh annual survey of energy market professionals shows. Brent crude Continue Reading
Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up Continue Reading
