The Oil Price Rally Is Far From Over
It seems that nearly everyone believes oil prices are only going to go higher from here, with OPEC+ refusing to change its plan and U.S. producers maintaining discipline Citi is Continue Reading
Bank Of America Sees $120 Oil Next Year
Brent Crude prices could rise to as much as $120 per barrel in the first half of 2022 due to the global gas crisis, booming air travel with international flights Continue Reading
Gas Prices Plunge After Gazprom Says It Starts Sending Gas Into European Storage
Gazprom, On Tuesday, started implementing a plan to send natural gas into five storage sites in Europe Gas prices in Europe plunged on Tuesday after spiking on Monday Russia’s gas Continue Reading
Oil Steadies as Biden May Pull the Trigger on Stockpile Release
Oil steadied after a two-day gain as traders waited for further signals from the White House on whether it will tap the Strategic Petroleum Reserve, possibly coordinating a release of Continue Reading
Oil steady amid rosier outlook for global economy, fuel demand
Oil prices were steady on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, strong Chinese exports and the global post-pandemic recovery lifted the Continue Reading
Oil Rally Slows as U.S. Hints at Actions to Quell Rising Prices
Oil eked out a gain on Monday as Saudi Arabia is raising prices, but the rally cooled after the U.S. signaled measures to ease oil and gasoline prices. Futures in Continue Reading
Biden Could Take Action This Week To Curb High Gasoline Prices
U.S. President Joe Biden could announce measures to address high gasoline prices as soon as this week, U.S. Energy Secretary Jennifer Granholm told MSNBC in an interview on Monday. “Hopefully Continue Reading
Spot diesel prices at seven-year high, with California retail diesel at 2008 level
California truckers face the nation’s highest diesel prices Spot market CARB diesel hovers near late-2014 prices Spot diesel prices are hovering near 2014 highs across major US trading regions, while Continue Reading
Oil gains after U.S. infrastructure bill passes, Chinese exports rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for Continue Reading
Oil Rallies With Saudi Price Hike Underscoring Tight Market
Oil rallied above $82 a barrel as sharp price hikes from Saudi Arabia offered the latest signal that stockpiles globally are declining sharply and firing prices higher. West Texas Intermediate Continue Reading