EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80 EIA: Global inventories will start to build again with supply rising more than Continue Reading
Oil Takes Fresh Hit as China Says Stockpile Release in the Works
Oil took a fresh knock, extending a retreat from a seven-year high in October, as China said that it’s releasing some crude from strategic reserves days after the U.S. invited Continue Reading
Oil Edges Higher as Bargain Hunters Swoop Into the Market
Oil rose in choppy trade as recent declines below $80 lured some investors back for bargains while the market waited to see whether the U.S. would match China’s plans to Continue Reading
How A Biden SPR Release Will Send Oil Prices Even Higher In 2022
Goldman Sachs strategist Courvalin: A possible U.S. SPR release has now been fully priced in Goldman Sachs: higher oil prices are justified by a strong demand recovery in the face Continue Reading
Oil Takes Fresh Hit as China Says Stockpile Release in the Works
Oil took a fresh knock, extending a retreat from a seven-year high in October, as China said that it’s releasing some crude from strategic reserves days after the U.S. invited Continue Reading
Oil Inches Higher After EIA Reports Surprise Crude Draw
Crude oil prices gained today after the Energy Information Administration reported a crude oil inventory draw of 2.1 million barrels for the week to November 12. At 433 million barrels, Continue Reading
Oil Slips to Nearly Six-Week Low as Traders Weigh SPR Release
Oil tumbled to the lowest in nearly six weeks as investors considered the prospect of a release of crude supplies from strategic reserves. Futures in New York closed down 3% Continue Reading
Price of European gas surges as Russia pipeline suffers setbacks
European gas prices surged again on Wednesday after a delay in the approval process for a major new pipeline from Russia, which German government sources said might not now be Continue Reading
Crude oil futures fall on easing supply concerns
Crude oil futures were lower during mid-morning trade in Asia Nov. 17, after concerns of tight supply eased amid expectations of increasing US shale activity and reports of the US Continue Reading
Demand Uncertainty Could Keep Oil From Breaking $100
El-Erian: demand destruction could keep oil from reaching $100 per barrel El-Erian: nobody had expected demand to rebound so quickly and so strongly Uncertainty about demand could cap oil prices Continue Reading