Oil Near $150 the Last Time $4 Gasoline Hit 3 States
The average price of gasoline is already above $4 a gallon in California and Hawaii. U.S. retail gasoline prices are poised to average more than $4 a gallon in three Continue Reading
Oil price rally set to ease off as supply rebounds, IEA says
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
World oil supply to rise 1.5 million b/d in Nov-Dec fueled by US bounce-back: IEA
The International Energy Agency on Nov. 16 signaled a likely easing of oil market tightness, forecasting world supply to rise by 1.5 million b/d in November-December on the back of Continue Reading
NYMEX Henry Hub tests out lower ranges as winter supply concerns ease
Highlights Gas production gains; mild start to heating season Storage deficit to five-year average narrowing NYMEX Henry Hub repeatedly fell below the $5/MMBtu mark in recent trading, with analysts attributing Continue Reading
Natural Gas Prices Could Spike As Europe Braces For Its First Cold Blast
Temperatures on the European mainland, and in the UK are set to slide starting next week This first cold blast of the season is going to test the energy supplies Continue Reading
Trafigura CEO Weir sees ‘very, very tight’ oil market
Global oil markets remain very tight and heavily backwardated as demand returns to pre-pandemic levels, the chief executive officer of global trading firm Trafigura said on Tuesday. “We are seeing Continue Reading
Oil prices slide on expectations of higher supply, weaker demand
Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent crude futures fell 63 Continue Reading
Oil Declines as Biden Faces Mounting Calls to Release SPR Crude
Oil fell as U.S. President Joe Biden faced more calls to tap the Strategic Petroleum Reserve to tackle surging gasoline prices. West Texas Intermediate sank 0.8% after declining for three Continue Reading
Oil Down on the Week
Crude completed the longest string of weekly losses since March on Friday amidst continued speculation that the Biden Administration will tap Strategic Oil Reserves. Oil prices notched the longest stretch Continue Reading
Oil Prices Under Pressure As Bearish Factors Mount
While oil prices have remained more or less in a range recently, they are on course for a third week of losses as bearish factors mount A strengthening U.S. dollar, Continue Reading