“Europe is now closer to war than it has been since the break up of former Yugoslavia.” Stark words of warning from the senior EU diplomat I’ve just been speaking Continue Reading
There are growing doubts as to whether Russia can grow petroleum production to the volumes forecast by Moscow. The world’s third-largest oil producer’s output will continue growing, peaking at 12.2 Continue Reading
About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Continue Reading
A new projection from the United States Energy Information Administration, however, shows a clear win for renewables in the coming years – and waning natural gas usage. The EIA expects Continue Reading
A nascent easing of supply bottlenecks helped drive manufacturing activity in Europe’s two largest economies in January, at least partially offsetting the drag from tighter restrictions linked to a surge Continue Reading
Oil Supply Outlook Looks ‘Relatively Subdued,’ ANZ’s Hynes Says Oil capped its fifth week of gains on continued signs of robust demand and strained crude supplies that have taken prices Continue Reading
U.S. West Texas Intermediate crude oil futures are under pressure on Friday, amid an unexpected rise in U.S. crude and fuel inventories, according to a government report released the previous Continue Reading
Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast. Friday, January 21st, 2022 Leading investment banks Continue Reading
There is a 200-million-barrel gap between the agency’s own global inventory calculations and what it observed in the global oil supply Wrong assumptions about demand were clearly one cause for Continue Reading
OPEC+ compliance with oil production cuts rose to about 122% in December, two sources from the producer group told Reuters, indicating that some members continue to struggle to raise their Continue Reading
