Oil rises above $111 as Ukraine conflict offsets Iran supply hope
Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of Continue Reading
Energy Hedge Fund Eyes $200 Oil on Potential Russia Export Ban
The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management. The London-based hedge fund is among a cadre of Continue Reading
JPMorgan Says $185 Oil Is in View
Oil prices have skyrocketed, with Brent crude approaching $120 earlier Thursday. Brent crude could end the year at $185 a barrel if Russian supply continue to be disrupted, JPMorgan Chase Continue Reading
Coal Prices Reach Highest Since 2008
The war in Ukraine is pushing most commodities higher, and coal is no exception. Bloomberg reported this week that the coal prices are reaching new record highs, with the Australia Continue Reading
Wheat Spikes to Fresh 14-Year High on Deepening Supply Fears
Wheat soared to the highest level since 2008 on mounting fears of a global shortage as the Ukraine war shuts off over 25% of the world’s exports of the staple Continue Reading
Commodity prices soar to highest level since 2008 over Russia supply fears
Global commodity prices are on track for the biggest weekly rally in more than 50 years and Europe’s natural gas prices have hit a new record, as the war in Continue Reading
Hydrogen On Track To Become A $1 Trillion Per Year Industry
As the world races towards cleaner energy, hydrogen is emerging as a potential winner. Some analysts are predicting that the hydrogen market could be worth $1 trillion per year by Continue Reading
Traders ramp up bullish bets in U.S. oil options as prices soar
Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s rally will persist, according to Continue Reading
Oil Supply From Libya’s Largest Oilfield Suspended
Crude oil production from Libya’s largest oilfield, El Sharara, has been suspended after the Hamada valve was closed by an unknown person or persons. More than a quarter of Libya’s Continue Reading
UN Nuclear Watchdog: Iran Sharply Increased Its Stockpile Of Enriched Uranium
The UN’s nuclear watchdog says Iran has sharply increased its stockpile of enriched uranium amid talks to revive a 2015 agreement to curb Tehran’s atomic program. Several media outlets said Continue Reading