Crude oil futures fell further in mid-morning trade in Asia Dec. 23 as bearish data from the American Petroleum Institute took the market by surprise, and as US President Donald Continue Reading
Oil steadied near $47 a barrel in New York after coming under pressure from signs of increased U.S. supply and the resurgence of the pandemic. West Texas Intermediate futures recouped earlier Continue Reading
Oil futures settled lower Dec. 22 amid pandemic-dimmed demand outlooks prompted by the spread of more lockdowns across Europe. NYMEX February WTI settled 95 cents lower at $47.02/b and ICE Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.70 million barrels for the week ending December 18. Analysts had predicted an inventory draw Continue Reading
Oil prices lost gains early this week after a new strain of Covid-19 is threatening the global demand recovery. Chart of the Week Demand for transportation fuels (gasoline, distillates, and Continue Reading
Oil fell as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of more lockdowns and less global travel. (Bloomberg) — Oil fell toward $47 a Continue Reading
While hopes for hydrogen as a major energy carrier go back decades, a new generation of hydrogen plans are now coming forth from companies, industry groups and countries. The EU’s Continue Reading
Parliament showdown looms over unsustainable spending, new taxes, and KRG oil revenues. Iraq’s Cabinet votes for the 2021 budget at the end of a three-day session on Dec. 21, 2020. Continue Reading
Highlights Pipeline hit by Houthi-claimed attack in May 2019 Reserve pipeline network has restored flows: sources Aramco planning pipeline expansion to 7 million b/d Dubai — Saudi Arabia’s Red Sea Continue Reading
Iranian oil minister Bijan Zanganeh has urged Russia to boost ties with Tehran in the face of US sanctions and praised the country’s role in helping to stabilize global crude Continue Reading
