Crude oil prices continued up today after the Energy Information Administration reported a crude oil inventory draw of 2.5 million barrels for the week to March 18. This compared with Continue Reading
Oil market players are struggling to find out key information. Oil market players are struggling to find out how much Russian oil exports and supply will be impacted, who will Continue Reading
Big banks arguably have more power to undermine the oil and gas industry than any other actor, and in recent years they have done their best to halt new exploration. Continue Reading
Russia’s attack on Ukraine helped push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation Continue Reading
A huge portion of Russia’s gross domestic product comes from its oil exports, and nearly 80% of those exports go to Europe. While Europe will suffer in the short term Continue Reading
The commodity price spike that’s been worsened by Russia’s invasion of Ukraine isn’t an equal-opportunity dispenser of economic distress. The commodity price spike that’s been worsened by Russia’s invasion of Continue Reading
U.S. energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion Continue Reading
IEA: market could lose around 3 million bpd of supply from Russia starting in April. Sanctions come at a time that OECD crude inventories were already well below their 5-year Continue Reading
Sky-high oil prices have left both America’s oil industry and its President pointing fingers at one another. Biden has repeatedly called on the oil industry to increase production, but the Continue Reading
Active rig counts in US basins continue to grow with operators adding 11 for the week ending March 16 and 75 year to date, Enverus data showed, as the war Continue Reading
