Stumbling dollar, Nigeria sabotage push up oil
Fuel prices are displayed at a Kazakh state-owned oil and gas company KazMunayGas gas station in Almaty, Kazakhstan, May 4, 2016. Brent crude oil prices rose on Monday, lifted by Continue Reading
Why Did Natural Gas Prices Just Rise 25% In Two Weeks?
Natural Gas Storage Natural gas prices have run up phenomenally since the June contract expired on 26 May at $1.963/mmBtu. The natural gas prices touched an intraday high of $2.48/mmBtu Continue Reading
EIA Short Term Energy Outlook
The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day. Not much has changed in the EIA’s projection since last month, however their projection Continue Reading
Short-Term Energy Outlook
Benchmark North Sea Brent crude oil spot prices averaged $47/barrel (b) in May, a $5/b increase from April and the fourth consecutive monthly increase since reaching a 12-year low of Continue Reading
Demand pressures, refinery woes push gas prices higher
Increased demand and pressure on the nation’s refineries have left U.S. consumers paying the highest so far this year for gasoline, a market report finds. Motor club AAA reports a Continue Reading
World Bank downgrades its forecast for 2016 global economy
WASHINGTON (AP) — The World Bank is reducing its forecast for the global economy this year – again. The aid agency now predicts that growth will reach 2.4 percent this Continue Reading
Global Oil Demand Is Growing ‘Strongly,’ Leading Trader Says
Oil Prices Will Head Back Down, Here’s Why Trafigura Group Pte has joined other leading energy trading houses in saying oil demand is growing “strongly” this year, suggesting that OPEC’s Continue Reading
EIA Ups Crude Oil Price Predictions for 2016 and 2017
The United States Energy Information Administration upped its forecasts of average crude oil prices by $1 a barrel and $3 for 2016 and 2017, respectively, on Tuesday, in its monthly Continue Reading
Iran to Seek Investors for $3 Billion Refinery to Serve Asia
Iran will seek international investors for a $3 billion refinery project in the country’s south as the Persian Gulf nation looks to boost sales of its oil and natural gas Continue Reading
Saudi Cabinet Green Lights $141B Oil Diversification Plan
Late Monday, the Saudi Arabian cabinet gave its approval to the National Transformation Program, a plan aimed at diversifying the kingdom’s economy and steering it away from oil. The plan Continue Reading