Trader Super-Cycle Belief Has Been Dented
Without that belief, the likelihood of prices regaining $85 per barrel quickly appears limited. Trader belief in a super-cycle has been dented. That’s according to oil and gas analysts at Continue Reading
U.S. Drivers Set for Relief at the Pump as Oil Rally Cools
Oil Rebounds from Black Friday Rout as OPEC+ Takes More Time American drivers are set for a slight relief from stubbornly high gasoline prices at the pump as concerns over Continue Reading
Biden Is Growing Increasingly Desperate To Curb Gasoline Prices
U.S. President Joe Biden is taking a lot of flack for the rise in gasoline prices. In the short term, there is not much the President can do to put Continue Reading
Oil Rebounds After Rout as Traders Size Up Threat From Omicron
Oil rebounds from Friday’s rout. Bloomberg’s Anthony DiPaola reports. Oil rebounded from Friday’s omicron-driven rout as traders assessed the risks to global demand from the new variant, and speculation mounted Continue Reading
Oil rebounds on speculation OPEC+ may pause output increase
Oil prices rebounded on Monday as investors looked for bargains after Friday’s slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, Continue Reading
Omicron threatens oil demand recovery, already hit by Europe’s rising COVID cases
Asian oil refiners’ margins have slumped to the lowest in nearly five months amid worries that the Omicron coronavirus variant could deal another blow to oil demand recovery, already hit Continue Reading
Biden’s Blunder Could Send Oil Prices To $100
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts Continue Reading
Cold snap lifts Nordic power price for Monday to record high
Nordic power prices on the Nord Pool exchange hit record highs on Sunday as cold weather, low renewables output and high gas prices continue to push up the cost of Continue Reading
New COVID variant Omicron triggers global alarm, market sell-off
The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and stock markets on both sides of Continue Reading
Oil prices drop more than 10% as virus variant threatens blow to demand
Oil prices plunged more than 10 percent on Friday as reports of a virulent new coronavirus variant sparked fears of more pandemic lockdowns and another blow to fuel demand, just Continue Reading