Oil climbed with equities as traders resumed buying risk assets following a two-day rout. Futures in New York closed up 3.7%, trading around $71 a barrel. Crude rallied as U.K. Continue Reading
Uncertainty has returned to oil markets at the end of the year as a new variant of Covid combines with inflation fears to threaten demand Predicting the price of oil Continue Reading
The export value for LNG cargoes loading on the US Gulf Coast 30-60 days forward jumped more than $16/MMBtu to new highs during the week of Dec. 14-21, reflecting the Continue Reading
European gas prices jumped to an all-time high on Tuesday The Dutch TTF surged by 11 percent to a record 162.78 per MWh Flows of natural gas from Russia on Continue Reading
Oil edged higher after a broader market selloff on Monday as investors assessed the outlook for demand amid the rapid spread of omicron. Futures in London climbed near $72 a Continue Reading
Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market. At 11:32 a.m. EDT, WTI crude was Continue Reading
Oil extended declines — falling more than 5% — hampered by the rapid spread of the omicron virus variant and turmoil for President Joe Biden’s economic plans. Futures in London Continue Reading
U.S. gasoline prices have fallen for the sixth week in a row, falling 2.9 cents from a week ago, according to a Gas Buddy report published Monday. A gallon of Continue Reading
World oil prices could hit $380 per barrel in 2050, according to one scenario published in a recent Lukoil report. World oil prices could hit $380 per barrel in 2050. Continue Reading
Crude oil futures started a new trading week sharply lower during mid-morning Asian trade Dec. 20 as bearish pressures continued to build with COVID-19 cases around the world still climbing Continue Reading
