U.S. consumer prices rose sharply in March as the economic recovery gained momentum, marking the start of an expected monthslong pickup in inflation pressures. Some of the price increases reflected temporary factors, Continue Reading
It is no secret that the reflation in oil prices, WTI and Brent, above $50.00/bbl in the last six months has been a boon to the companies that service oil Continue Reading
BP on Tuesday reported an oil discovery on Green Canyon Block 821. BP (NYSE: BP) on Tuesday reported an oil discovery at the Puma West prospect in the deepwater U.S. Continue Reading
The markets are not headed to a new supercycle in oil, and $100 a barrel oil is still a very distant possibility unless major unexpected market shocks occur, analysts at Continue Reading
The Kremlin told Washington on Wednesday it would act decisively if the United States undertook any new “unfriendly steps” such as imposing sanctions, the RIA news agency reported, citing a Continue Reading
The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to negative 60 degrees Celsius (-76 Fahrenheit) last January, even they had to submit Continue Reading
Crude oil futures edged up during midmorning trade in Asia on April 13 on bullishness due to improved economic prospects, even as the market remains weighed down by the possibility Continue Reading
Oil rose toward $60 a barrel as investors assessed an uneven global demand outlook amid rising Covid-19 cases in some regions, with the market bracing for an impending increase in Continue Reading
In the coming years, the power structure of global oil markets is set for a major shakeup if the reserve life of International Oil Companies (IOCs) continues to decline. The Continue Reading
Oil pared gains with prices struggling to break out of its recent trading range as the market considers the jagged outlook for global fuel consumption. Futures in New York closed Continue Reading
