Reduced capital investment in upstream sources for new supplies of petroleum, match the similar scenario of the 2008-9 financial crisis Spending on fossil fuels has declined precipitously from 2014, reaching Continue Reading
Oil retreated as investors weighed both the odds that the Biden administration will tap emergency reserves in a coordinated move along with nations such as China and a mixed report Continue Reading
The American Petroleum Institute (API) reported a small inventory build in crude oil that was just enough to keep the market from panicking over dwindling inventories. This week, the API Continue Reading
An oil market rally may ease off as prices that hit a three-year high last month help push up global production, particularly in the United States, the International Energy Agency Continue Reading
Rebounding economic activity and natural gas shortages recently pushed the developed world’s oil reserves to their lowest since early 2015, but growing crude supply could soon ease that pressure, the Continue Reading
Research firm HFI noted that the latest 10-15-day weather forecast is pointing towards colder than usual weather The EIA said last week it expected average natural gas prices to reach Continue Reading
Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and Continue Reading
Traders are refocusing on the return of two bearish factors, according to Rystad Energy. The carnage on oil prices spilled into this week as the market now seems to be Continue Reading
Oil advanced above $81 a barrel as investors continued to wait to see whether the Biden administration will release crude from the nation’s emergency reserves to tackle soaring U.S. gasoline Continue Reading
Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Continue Reading
