Supply Chain Crisis Could Be Bullish For Oil Prices
A shortage of truckers could lead to delays in deliveries of specialty chemicals, cement, and pipes A shortage of workers in other related industries is affecting the oil and gas Continue Reading
Oil rises after OPEC+ rebuffs U.S. call to boost output
Oil prices rose on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts Continue Reading
Citi: Oil Will Continue Rising This Quarter
Citi: Crude oil prices will continue rising this quarter as global oil inventories drawdowns continue and OPEC sticks to its limited addition output policy Citi’s Ed Morse: U.S. shale could Continue Reading
Traders Waffle Back and Forth on Conflicting Signals
Rigzone’s regular market watchers examine oil prices, the outcome of the latest OPEC+ meeting, climate issues and more. (The views and opinions expressed in this article are those of the Continue Reading
Saudi Aramco Raises Oil Prices After OPEC+ Defies Biden
Higher Oil Prices Are Here to Stay: Energy Aspect’s Sen Saudi Arabia sent another bullish jolt into the oil market a day after OPEC+ ignored President Biden’s calls for more Continue Reading
Airlines Are Hedging Against Higher Oil Prices
Airlines are back to hedging the price of fuel to protect themselves from higher oil prices next year, although the hedges are less risky and for shorter periods as uncertainty Continue Reading
Oil Steadies as Investors Assess Response to Modest OPEC+ Hike
Futures in New York traded near $79 a barrel after losing more than 6% over the past three sessions. After a brief meeting, the alliance agreed to boost output by Continue Reading
Oil rises after OPEC+ rebuffs U.S. call to boost output
Oil prices rose on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts Continue Reading
Asia LNG prices slip below $30/mmBtu as supply improves in Europe
Asia liquefied natural gas (LNG) prices fell for a third straight week, as improved gas supply in Europe reduced the competition for LNG in Asia, though losses were limited by Continue Reading
U.S. Gasoline Prices Set To Dip
U.S. retail gasoline prices have started to decline in recent days and could drop even further, according to fuel-savings app GasBuddy. “If you don’t need gas, my suggestion is wait,” Continue Reading