No One Knows What’s Next For Oil Demand
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future. The three groups do have one commonality in their Continue Reading
Analysis: Will gasoline prices drop in 2022? It depends on OPEC and U.S. shale
Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies Continue Reading
Mobility hits new high outside Europe in key oil consumers despite omicron fears
Asia, Americas mobility 2% below pre-COVID levels Major European economies still lag as restrictions tighten US gasoline demand exceeds pre-Covid level Oil demand markers in most of the world’s biggest Continue Reading
Jet Fuel Continues To Hold Back Crude Demand Recovery
Global demand for oil products other than jet fuel made a full recovery to pre-crisis levels in the third quarter of this year, thanks to the strong recovery of oil Continue Reading
Three Risks All Investors Need To Consider In 2022
COVID-19 has been a driving force in markets over the past two years, and it will likely continue to be a factor in 2022. Inflation is another major risk to Continue Reading
Global ammonia prices surge on European natural gas cost push | S&P Global Platts
As of Dec. 15, ammonia prices in Europe were the highest globally at $1,120/mt CFR Northwest Europe (up 47% since the launch), while FOB Black Sea, a major source of Continue Reading
Crude oil futures rise on risk-on sentiment after upbeat FOMC meeting
Crude oil futures were higher in mid-morning trade in Asia Dec. 16 as risk-on sentiment returned to oil markets after a bullish overnight session on Wall Street in response to Continue Reading
Crude Reverses Course on Fed’s Policy Announcement
Oil eked out a gain, climbing in tandem with equities, as traders weighed the Federal Reserve’s shift to tighter monetary policy to battle inflation. Futures in New York closed up Continue Reading
Oil Rebounds On Large Crude Draw
Crude oil prices recovered somewhat on Wednesday morning after the Energy Information Administration reported an inventory draw of 4.6 million barrels for the week to December 10. At 428.3 million Continue Reading
Brent To Fall To $70 In 2022 As Supply Overtakes Demand
According to Commerzbank, a significant oversupply of oil in the first quarter of 2022 is set to drive the price of Brent down to $70 On Tuesday, the prompt Brent Continue Reading