Oil Prices for Feb. 02, 2021
Oil soared toward $55 a barrel in New York, touching its highest level in a year as the virus-recovery rally continued. West Texas Intermediate futures rose 2.4%, while the global Brent Continue Reading
Crude oil tests top of recent rage amid tightened supply outlooks
Crude oil futures settled near 11-month highs Feb. 1 as tightened supply outlooks overshadowed pandemic-related demand concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Oil settles up more than 2% as U.S. inventories fall, demand picks up
Oil prices settled more than 2% higher on Monday, buoyed by falling U.S. crude inventories and rising winter fuel demand due to one of the worst snowstorms to hit the Continue Reading
Goldman Expects Oil Demand To Rebound To 100 Million Bpd By August
Goldman Sachs had another bullish message for oil markets this week, saying in a note that it expected global oil demand to recover to pre-pandemic levels of 100 million bpd Continue Reading
Oil Prices Show Healthy Gains
Oil rose to the highest in more than two weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed 2.6% in New York on Monday, Continue Reading
A Glimmer Of Hope For Oil Markets
Oil was off to a reasonably good start this year thanks to the start of a vaccination push and a Saudi commitment to cut more production. The continued surge in Continue Reading
Natural Gas Prices Explode On Cold Weather Reports
Natural gas prices exploded on Monday, with spot prices soaring more than 10% as cold weather threatens the Northeastern part of the United States. At 1:30 p.m. EST, the spot Continue Reading
Wintry Weather Lifts Natural-Gas Prices
The winter storm blanketing the Northeast and forecasts for a frigid February are boosting natural-gas prices. Natural-gas futures rose 11.1% to close at $2.85 per million British thermal units on Monday. Continue Reading
Sea Levels Are Rising Faster Than Most Pessimistic Forecasts
A May 20 Sentinel-2 satellite image shows the Dutch province of Zeeland, including the Port of Rotterdam, Europe’s biggest seaport in the upper right. Much of the region lies below Continue Reading
The Single Hottest Sector Of The Clean Energy Boom
Over the past half decade, the energy sector has been going through a major seismic shift, pivoting away from fossil fuels toward cleaner, renewable alternatives. The sector has, amazingly, maintained Continue Reading