JP Morgan believes that things are looking up for the global economy next year and consumption will remain strong for years to come The bank highlights inflation, the Chinese economy, Continue Reading
The EIA has lowered its Brent spot average price forecasts. The U.S. Energy Information Administration (EIA) has lowered its Brent spot average price forecasts for 2021 and 2022, the organization’s Continue Reading
Americans are feeling some relief as the impact of a recent drop in oil prices trickles down to gasoline stations. The average retail price has dropped more than 2% nationwide Continue Reading
Crude oil futures were marginally lower during mid-morning trade in Asia Dec. 8, as investors booked profits after a stellar 2-day rally that erased some of the heavy losses sustained Continue Reading
This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.089 million barrels. U.S. crude inventories have shed some 60 million barrels since the Continue Reading
Oil prices eased on Wednesday, taking a breather after gains earlier this week, as investors waited for more information on to what extent the Omicron coronavirus variant will likely hurt Continue Reading
Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Continue Reading
Oil continued to climb on optimism that the omicron virus variant may not be as severe as feared, easing concern over the demand outlook. West Texas Intermediate rose as much Continue Reading
The US Energy Information Administration (EIA)’s December Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. Notably, the emergence Continue Reading
Lowers Q1 Henry Hub spot gas price forecast by 66 cents Q4 gas marketed production estimate rises by 0.74 Bcf/d LNG export growth continues into 2022 The US Energy Information Continue Reading
