Oil Prices Surge As Inventories Decline
Oil in London climbed for a fourth straight week as efforts to clear an oil surplus are seen holding the market over until demand comes back in force. Global benchmark Continue Reading
Crude rally extends as COVID-19 vaccine rollouts boost demand outlooks
Crude futures climbed to fresh 13-month highs Feb. 12 as oil demand outlooks improved amid signs of progress on US COVID-19 vaccination distribution and a coronavirus stimulus package. NYMEX March Continue Reading
Oil Prices Soar Amid Rumors Of New Commodities Supercycle
Just days after one of our favorite macro strategists, Dylan Grice, predicted that the stage is set for ” a bull market in oil “, and JPM quant Marko Kolanovic Continue Reading
Oil edges higher on U.S. stimulus hopes, tighter supplies
Oil prices climbed more than 2% on Friday, hitting the highest levels in more than a year on hopes a U.S. stimulus will boost the economy and fuel demand, as Continue Reading
How High Can Oil Prices Go?
Analysts are divided over whether oil prices can continue to climb, with WTI nearing $60 and profit-taking having begun. With 2021 shaping up to be one of the most important Continue Reading
Can Covax deliver the vaccines much of the world needs?
Scores of poorer countries around the world are waiting nervously to see if the multilateral Covax program will deliver the coronavirus vaccines they need to stem the pandemic — even Continue Reading
New Climate Satellite Spotted Giant Methane Leak as It Happened
Methane leaks from at least eight natural gas pipelines and unlit flares in central Turkmenistan earlier this month released as much as 10,000 kilograms per hour of the supercharged greenhouse Continue Reading
Iran Is Facing A Stranded Oil Asset Crisis
Iran risks having its massive crude oil assets become stranded unless the United States lifts the sanctions that the Trump administrations imposed on Tehran three years ago, Reuters has reported Continue Reading
China Imports 11.12 Million Bpd Of Oil In January
China’s January crude oil imports averaged 11.12 million bpd, according to energy analytics company OilX. This was up by more than 18 percent, or 1.74 million bpd, from the December Continue Reading
Is China Headed To Peak Oil Demand?
The world’s top oil importer, China, could be just years away from its own peak in domestic demand for oil products, Chinese refiners have started to warn, but consumer preferences Continue Reading